RNS Number:1863R
Samsung Electronics Co. Ld
22 October 2003




October 17, 2003



Stock Repurchase and Cancellation



Details

- The BOD approved the stock buy-back and retirement on

October 17, 2003.

- The Company plans to purchase 2,150,000 common shares and

330,000 preferred shares.

- The planned stock repurchase totals around KRW1 trillion.

          The projected cost of repurchase is subject to changes based on

          the price at the time of the purchase.

- Daily repurchase limit is 215,000 common shares and

33,000 preferred shares.

          Daily repurchase limit is based on a requirement under which

          the limit should not exceed the greater of 10% of shares

          to be repurchased or 25% of the average of  daily traded shares

          for one month preceding the BOD resolution.

- Repurchase of stock will be made for three months following

three days after the BOD resolution.

 - Samsung Securities, Korea Investment Trust and Daehan

Investment Trust will make the purchase in the market.

- The shares will be retired immediately after the buy-back is completed.

- The planned repurchase and cancellation of the stock aim to return

profits to the shareholders.






                      This information is provided by RNS
            The company news service from the London Stock Exchange
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