BC94 Samsung El.144a

TIDMSMSN

RNS Number : 8722P

Samsung Electronics Co. Ld

14 February 2023

Transaction with Affiliate Company

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on February 14, 2023, authorized the following related-party transaction with an affiliated company.

Long-term Loans from Samsung Display Co., Ltd.

Major Transaction Terms

 
 Loan Type              Long-term Loans 
 Loan Agreement         February 16, 2023 
  Date 
                       ------------------------------------------------------ 
 Lender                 Samsung Display            Relationship    Affiliate 
                         Co., Ltd.                  with the 
                                                    Lender 
                       -------------------------  --------------  ----------- 
 Loan Period            February 17, 2023-August   Maturity        August 16, 
                         16, 2025                   Date            2025 
                       -------------------------  --------------  ----------- 
 Loan Amount            KRW 20 Trillion 
                       ------------------------------------------------------ 
 Total Equity of        KRW 193,193,732 Million 
  Borrower as of 
  the End of the 
  Previous Business 
  Year 
                       ------------------------------------------------------ 
 Percentage of 
  Loan to Total 
  Equity                10.35% 
                       ------------------------------------------------------ 
 Interest Rate          4.60%/year 
                       ------------------------------------------------------ 
 Method of Loan         Lump Sum at Maturity Date (Early Payment 
  Repayment              Possible) 
                       ------------------------------------------------------ 
 Purpose                Operational Costs 
                       ------------------------------------------------------ 
 Total Amount of        KRW 20 Trillion 
  Loans 
  (in the Business 
  Year the Agreement 
  was Signed) 
                       ------------------------------------------------------ 
 Total Assets of 
  Borrower as of 
  the End of the                                   Percentage 
  Previous Business     KRW 251,112,184             of Loan to 
  Year                   Million                    Total Assets   7.96% 
                       -------------------------  --------------  ----------- 
 

Other Information:

* The loan is to guarantee operational costs.

* The above loan amount will be executed in parts from February 17, 2023, in consideration of various matters of

the two companies, and the loan will be paid off in a lump sum at the maturity date. The above values for total

equity and total assets are from the end of 2021 separate financial statements written in accordance with K-IFRS.

* The 'Total Amount of Loans,' set forth above, includes the value of the loan that is the subject of this disclosure.

* Date of a relevant disclosure: February 14, 2023 (Charitable Contribution)

* Number of Independent Directors present at the Board of Directors Meeting: 6 (100%)

* Attendance of Audit Committee: Y

This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial and real estate transactions in the event the value of such a transaction is greater than or equal to KRW 5 billion and the counterparty is a financial affiliate of the party required to make the disclosure.

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END

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February 14, 2023 04:16 ET (09:16 GMT)

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