SAMSUNG C&T CORP. TO GIVE UP SHARES, INCREASE DIVIDEND PAY RATIO

Highlights –

• Samsung C&T Corp. to give up treasury stocks
• Company to raise the dividend payout ratio to 70 percent
• Appointment of three new outside directors

South Korea’s Samsung C&T Corp. announced to give up about $254.5 million worth treasury stocks and increase the dividend payout ratio as part of efforts to improve shareholders’ value.