BOD Approval of Merger Contract (SEHF Korea)

BOD Approval of the Merger Contract (SEHF Korea)

On October 26, 2012, the BOD of Samsung Electronics approved the merger contract with SEHF Korea, which was previously decided at the BOD meeting on September 13, 2012.

□ Details of the Merger

1. Method of merger:

SEHF Korea will be merged into Samsung Electronics at a merger ratio of 1:0

※ Since Samsung Electronics holds 100% stake in SEHF Korea, SEHF Korea will be merged into Samsung Electronics without new shares issued.

2. Purpose

To enhance manufacturing competitiveness of Samsung Electronics' handset business by

securing technological competence in components including camera modules and touch screen

panels, thereby raising shareholder value.

3. Voting results

Total number of shares held by dissenting shareholders accounted for 0.2% (389,239 shares) of

total shares issued. 

4. Date of merger: December 1, 2012

※ Since the shares to be provided account for less than 10% of the total share issued, this dealconstitutes a small-scale merger pursuant to Article 527-3 of the Commercial Act andthe BOD approval will substitute the General Meeting of Shareholders.