Purchase of Insurance Policy

24th Jul 2006 07:00

Samsung Electronics Co. Ld24 July 2006 Purchase of Property & Casualty Insurance Policy On July 14, 2006, the BOD of Samsung Electronics authorized the purchase ofa property & casualty insurance policy. - Details 1. Insurer: Samsung Fire & Marine Insurance Co., Ltd. 2. Insurance Policy Purchase Date: August 1, 2006 3. Type of Insurance Policy: Property & casualty insurance policy 4. Terms and Conditions of Insurance - Insurance Premium: KRW 75.2 billion - Insurance Claim: KRW 3.5 trillion - Insurance Period: From August 1, 2006 to July 31, 2007 - Premium Payment Mode: Lump-sum payment 5. Purchase of Insurance Policy: To cover possible damage or loss from fire orother accidents at semiconductor or LCD factories This information is provided by RNS The company news service from the London Stock Exchange

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