Decision on Disposal of Treasury Stock
1. Number of shares to be disposed of Common stock 1,996
Different classes of stocks -
2. Disposal price of shares (KRW) Common stock 86,100
Different classes of stocks -
3. Estimated disposal amount (KRW) Common stock 171,855,600
Different classes of stocks -
4. Scheduled disposal period Start date 2022-02-11
End date 2022-05-10
5. Purpose of disposal Grant of treasury stock bonus for directors and employees
6. Disposal method Disposal in exchange (shrs.) -
Off-hours block trading (shrs.) -
Disposal in OTC (shrs.) -
Others (shrs.) 1,996
7. Entrusted brokerage company Hana Financial Investment Co.,Ltd.
8. Treasury stock holdings before disposal Acquisition within profits available for dividends (shrs.) Common stock 25,940 Ratio(%) 0.0
Different classes of stocks - Ratio(%) -
Acquisition for other reasons (shrs.) Common stock 12,113,150 Ratio(%) 2.7
Different classes of stocks - Ratio(%) -
9. Date of board resolution (decision date) 2022-02-10
- Attendance of outside directors Present (No.) 4
Absent (No.) -
- Attendance of auditors (members of Audit Committee who are not outside directors) -
10. Limit of buying order per day Common stock -
Different classes of stocks -
11. Other matters to be factored into investment decisions 1) The number of total outstanding shares is 445,962,051 as of the disclosure submission date.

2) Above '2. Disposal Price of Shares' and above '3. Estimated Disposal Amount ' are calculated based on the last price on February 09 2022, the day before board resolution.

3) Above '6. Disposal Method' is a method to transfer treasury stocks from company's treasury stock account to each director and employee's stock account on the scheduled disposal date.
【Holding Amount of Treasury Stock before Decision on Treasury Stock Disposal】
(in shrs.)
Methods of acquisition Type of shares Beginning balance Change Closing balance Remarks
Acquisition (+) Disposal (-) Share retirement (-)
Amount of shares acquired within profits available for dividends Direct Acquisition Direct acquisition in exchange Common stock 25,940 - - - 25,940 -
Different classes of stocks - - - - - -
Direct acquisition in OTC Common stock - - - - - -
Different classes of stocks - - - - - -
Tender offer Common stock - - - - - -
Different classes of stocks - - - - - -
Sub total (a) Common stock 25,940 - - - 25,940 -
Different classes of stocks - - - - - -
Acquisition by trust contract Number of shares indirectly held through trust contracts Common stock - - - - - -
Different classes of stocks - - - - - -
Number of shares directly held Common stock - - - - - -
Different classes of stocks - - - - - -
Sub total (b) Common stock - - - - - -
Different classes of stocks - - - - - -
Amount of shares acquired for other reasons (c) Common stock 12,113,150 - 0 - 12,113,150 -
Different classes of stocks - - - - - -
Total (a+b+c) Common stock 12,139,090 - 0 - 12,139,090 -
Different classes of stocks - - - - - -

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Kakao Corp. published this content on 11 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 February 2022 02:27:02 UTC.