Tranche Update on Nexen Corporation's Equity Buyback Plan announced on November 24, 2020.

NEXEN CORPORATION is a Korea-based company principally engaged in the manufacture of rubber products. The Company produces tire inner tubes for passenger cars, light trucks, buses, industrial machines, agricultural vehicles and others; solid tire products for industrial, electronics and indoor forklifts; bladder products used in the tire manufacturing processes, carbon master batch (CMB) products, bladder products, as well as golf balls and others. The Company provides its products under the brand names of NEXEN and BIG YARD. In addition, it is involved in the leasing and management of properties.