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Inverstors News

Retirement of Shares

2004.03.12 No. 218
1. Number of stocks to be retired : 1,320,000 common shares

2. Total Value of Shares to be Repurchased for Retirement : KRW 66,132,000,000

3. Price of Shares to be Purchased for Retirement :
     KRW 50,100 (closing price for 1 day prior to the date of board resolution)

4. Scheduled Period of Share Repurchase for Retirement : From March 16, 2004 to June 15, 2004

5. Scheduled Date of Share Retirement : -

6. Securities Firms Designated to Repurchase Shares to be Retired : Daewoo Securities, Hyundai Securities, Mirae Asset Securities

7. Status of Shares Repurchased for Retirement in the Current Year : -

8. Daily Order Limit and Calculation Base :
    - Daily Order Limit : 285,090 Common Shares
    - Calculation Base : In accordance with the related regulation, within the larger
     amount between either 10% of the purchased amount of shares or 25% of the
     average daily transaction amount for 1 month.

9. Date of Board Resolution : March 12, 2004
    - attendance of outside directors : 3 out of 4
    - attendance of auditors : present

10. Others :
    - the amount in #2 above has been calculated using the closing share price for 1 day
     prior to the date of board resolution, and may be subject to change depending on the
     actual purchase price.
    - the scheduled date of share retirement in #5 above is the conclusion point for
     treasury share purchases.
    - The auditor(s) mentioned in #9 above represents member(s) of the audit
     committee.

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