Investors News

Conversion of Overseas Depositary Receipts (DRs) into Underlying Shares

2004.12.08 No. 278

1. Cumulative conversion of DR's into underlying shares
(after previous disclosure date)
: 2,879,202 shares
- Total shares issued : 283,830,448 shares
- Ratio of converted shares to total shares issued :1.01%

2. Others :
- Two GDRs represent one underlying share.
- The cumulative conversion of DR's into underlying shares in #1 above is the aggregate number of underlying shares converted from October 4, 2004 to December 6, 2004.
- The reported date for the balance of GDRs : December 7, 2004
- All DRs are two-way convertible.

Application Date	Date of Issue	Number of DRs applied for conversion	Ratio (ORD:DR)	Number of shares to be delivered
-	-	-	1:2	-

(Based on underlying shares, unit:shares)

Class of DRs	Issuance		Balance of DRs at current disclosure date	Conversion Ratio (ORD:DR)	Available Shares for Conversion Into Underlying shares
Class of DRs	Date of Issue	Number of DRs issued	Balance of DRs at current disclosure date	Conversion Ratio (ORD:DR)	Available Shares for Conversion Into Underlying shares
1 preferred stock (GDR)	Nov. 23, 1992	11,243,912	4,573,332	1:2	4,573,332
2 preferrred stock (GDR)	Nov. 21, 1998	8,456,943	909,640	1:2	909,640
Common stock (GDR)	Sep. 23, 1999	27,666,309	12,727,349	1:2	12,727,349

Class of DRs	Issuance		Balance of DRs at current disclosure date	Conversion Ratio (ORD:DR)	Available Shares for Conversion Into Underlying shares
Class of DRs	Date of Issue	Number of DRs issued	Balance of DRs at current disclosure date	Conversion Ratio (ORD:DR)	Available Shares for Conversion Into Underlying shares
1 preferred stock (GDR)	Nov. 23, 1992	11,243,912	4,573,332	1:2	4,573,332
2 preferrred stock (GDR)	Nov. 21, 1998	8,456,943	909,640	1:2	909,640
Common stock (GDR)	Sep. 23, 1999	27,666,309	12,727,349	1:2	12,727,349

(Based on underlying shares, unit:shares)

Class of DRs	Number of shares to be delivered	Balance of DRs at previous disclosure date	Number of DRs converted since previous disclosure date	Balance of DRs at current disclosure date
Class of DRs	Number of shares to be delivered	Balance of DRs at previous disclosure date	Number of DRs converted since previous disclosure date	Balance of DRs at current disclosure date
1 preferred stock (GDR)	106,513	4,679,845	169,342	4,573,332
2 preferred stock (GDR)	9,707	919,347	9,707	909,640
Common stock (GDR)	2,605,918	15,333,267	2,700,153	12,727,349

Class of DRs	Number of shares to be delivered	Balance of DRs at previous disclosure date	Number of DRs converted since previous disclosure date	Balance of DRs at current disclosure date
Class of DRs	Number of shares to be delivered	Balance of DRs at previous disclosure date	Number of DRs converted since previous disclosure date	Balance of DRs at current disclosure date
1 preferred stock (GDR)	106,513	4,679,845	169,342	4,573,332
2 preferred stock (GDR)	9,707	919,347	9,707	909,640
Common stock (GDR)	2,605,918	15,333,267	2,700,153	12,727,349

(unit:shares)

Class	GDR-> Underlying shares	Underlying shares ->GDR	The # of shares to be delivered
1 preferred stock	169,342	62,829	106,513
2 preferred stock	9,707	-	9,707
Common stock	2,700,153	94,235	2,605,918

Class	GDR-> Underlying shares	Underlying shares ->GDR	The # of shares to be delivered
1 preferred stock	169,342	62,829	106,513
2 preferred stock	9,707	-	9,707
Common stock	2,700,153	94,235	2,605,918