□ On June 10, the board of directors approved the sale of all of the company's treasury common shares.

- Shares for sale: 8.99 million treasury common shares (5.76% of the common stock)

- Shares sold to: KCC Corporation

- Date of sale: June 11, 2015

- Total value of sale: KRW 674.3 billion

□ The sale is aimed at ensuring a seamless merger with Cheil Industries by increasing the portion of friendly shares, as well as improving the financial structure of the company with additional liquidity.

- With this sale, the company seeks to enhance synergies and fulfill the aims of the merger through a smooth merger process while enhancing its financial structure and securing financing for appraisal right claims.

Samsung C&T announced that its board of directors approved on June 10 to sell all of its treasury common shares.

Shares to be sold are 8.99 million treasury common shares and the value of the sale is KRW 674.3 billion based on the closing price on June 10.

The shares will be sold to KCC Corporation, which appreciates the importance of the merger and agreed to buy the shares in a move to form a strategic partnership with Samsung C&T.

Samsung C&T decided to merge with Cheil Industries in a board meeting on May 26. It said that it would accelerate its efforts to pursue the intended purpose of the merger, and diversify business activities as well as enhance synergies by increasing the portion of friendly shares for a smooth merger while simultaneously increasing investment capacity.

Samsung C&T said, "We will complete the merger seamlessly and continue to work hard to enhance shareholder values."

distributed by