Tranche Update on SHINSEGAE Information & Communication Co., LTD's Equity Buyback Plan announced on November 28, 2016.

SHINSEGAE INFORMATION & COMMUNICATION Inc. is a Korean company mainly engaged in the information technology (IT) industry. The Company operates in three business divisions: IT outsourcing division, which provides system management services for Shinsegae group companies, and involves in the system development business; IT service division, which provides system integration (SI) services, system construction and operation services, and others, and distribution division, which provides game machines, game software, information equipment, mobile phones, as well as electronic data interchange (EDI) services and others. It also engages in the office rental business.