Report of Disclosure Revision
Revision Date 2021-11-12
1. Disclosure Documents in relation with Revision Decision on Acquisition of Shares or Investment Certificates of Other Corporations (Material Business Matters of Subsidiary Company)
2. Submission date of documents 2021-11-01
3. Reason for Revision Change of the amount of payment according to exchange rate applied on the day of payment
4. Revised Information
information before revision after revision
2. Details of Aquisition :Acquisition Amount (KRW) 450,000,000,560 444,812,169,054
2. Details of Acquisition: Ratio to Total Assets (%) 3.76 3.72
10. Other references useful for making investment decisions B.'Acquisition value (KRW)' of '2. Details of acquisition' may change depending on the exchange rate applied at the time of payment.

D.'6. Expected date of acquisition' is the 'expected date of share payment.'
B. 'Acquisition value(KRW)' of '2. Details of acquisition' is the amount calculated by applying the exchange rate of 1,353.00 won/Euro as of the relevant day of payment.

D.'6. Scheduled Date of Acquisition' is the 'date of share payment.'
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Decision on Acquisition of Shares or Investment Certificates of Other Corporations (Material Business Matters of Subsidiary Company)
Subsidiary company Kakao Games Corp. 's material business matters to report
1. Details of issuing company Name of company Kakao Games Europe B.V.
Nationality Republic of Korea Representative Nam Goong-Hoon, Kim Min-Seong
Capital stock (KRW) 1,295,882,100 Relationship to company Affiliated company
Total number of shares issued 1,000,000 Main business Game software development and supply business
2. Details of acquisition Number of shares to be acquired 328,759,918
Acquisition cost (KRW) 444,812,169,054
Equity capital (KRW) 11,953,970,238,956
Ratio to equity capital (%) 3.72
3. Number and ratio of shares held after acquisition Number of shares held 329,759,918
Shareholding ratio (%) 100
4. Acquisition method Acquisition in cash
5. Purpose of acquisition Acquisition of share
6. Scheduled acquisition date 2021-11-12
7. Date of board resolution (decision date) 2021-11-01
- Attendance of outside directors Present (No.) 3
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) Present
8. Subject to reporting to the Fair Trade Commission? Yes
9. Signed a put option contract, etc.? No
- Details of agreements -
10. Other matters to be factored into investment decisions A. 'Capital (KRW)' of '1. Issuer' was prepared based on the financial statements at the end of 2020.

B. 'Acquisition value(KRW)' of '2. Details of acquisition' is the amount calculated by applying the exchange rate of 1,353.00 won/Euro as of the relevant day of payment.

C. '2. Details of acquisition - total asset value' is based on Kakao Corp.'s consolidated financial statements as of the end of 2020.

D.'6. Scheduled Date of Acquisition' is the 'date of share payment.'

E. Details such as the schedules related to this acquisition are entrusted to the CEO, and if there is a change, it will be redisclosed.

F. The current year of the summary of financial status of the issuer was prepared based on the 2020 consolidated financial statements.
※ Related disclosure -
[Condensed Financial Statements of Issuing Company](in KRW mn)
Category Total assets Total liabilities Total shareholders' equity Capital stock Sales Net income
Current fiscal year 68,596 31,214 37,382 1,296 117,669 394
Previous fiscal year 61,799 25,871 35,927 1,296 82,934 -3,472
Two fiscal years prior 55,161 16,334 38,828 1,296 84,548 9,774
[Details of Subsidiary Company]
Name of subsidiary company Kakao Games Corp. Name in English Kakao Games Corp.
- Representative Nam Goong-Hoon, Cho Gye-Hyeon
- Main business Game software development and supply business
- Major subsidiary company? Yes
Total assets of subsidiary company (KRW) 1,309,911,592,717
Consolidated total assets of parent company (KRW) 11,953,970,238,956
Ratio to consolidated total assets of parent company (%) 10.96

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Kakao Corp. published this content on 15 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2021 08:29:04 UTC.