Transactions with Affiliated Companies

Transactions with Affiliated Companies

The Board of Directors of Samsung Electronics Co., Ltd. (KS005930, KS005935, SMSN, SMSD), on November 30, 2021, authorized the following related-party transactions with its affiliated companies:

1. Purchases of retirement pension policies from Samsung Life Insurance and Samsung Fire & Marine Insurance

- To ensure stability of retirement benefit management and to enhance overall profitability of the pension policies.

*Estimated amount for the financial year 2021 and the actual payment amount may differ.

2. Purchases of retirement pension policies from Samsung Life Insurance and Samsung Securities

- To ensure stability of retirement benefit management and to enhance overall profitability of the pension policies.

*Estimated amount for the financial year 2022 and the actual payment amount may differ.

Other Information:

 Number of Independent Directors Present at the Board of Directors Meeting: 6

  Attendance of Audit Committee: Yes

※ This disclosure is in accordance with the Korean Fair Trade Act, which mandates that a company must disclose financial

and real estate transactions in the event the value of such a transaction is greater or equal to KRW 5 billion and the

counterparty is a financial affiliate of the party required to make the disclosure.