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Investors News

Transaction with Major Shareholder

2011.03.04 No. 680
Corporate Disclosure to Korea Exchange

Disclosure date   :            March 4, 2011
Disclosure title   :            Transaction with Major Shareholder

1. Shareholder    :            Chung Mong-koo
                                        - Relationship to Company : an affiliate person

2. Details of Transaction  :

Date of Transaction

Object of Transaction

Amount of Transaction

March 4, 2011

636,784 common shares of

Glovis Co., Ltd.

KRW 86,602,624,000

3. BOD Decision             :

Date of Decision

Number of External Directors Present at the BOD Meeting

Auditor Participation

March 4, 2011

4 of 4


4. Notes
A. The above transaction follows the court ruling in which Chairman Chung was ordered to pay penalty in damages to the Company as result of a lawsuit filed by shareholders.
B. The above transaction amount is based on closing price of March 4th, 2011.
C. The auditor present at the BOD meeting is a member of the Audit Committee.   
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