Kakao : Decision on Disposal of Treasury Stock

Decision on Disposal of Treasury Stock

1. Number of shares to be disposed of	Common stock	97,761
Different classes of stocks	-
2. Disposal price of shares (KRW)	Common stock	105,000
Different classes of stocks	-
3. Estimated disposal amount (KRW)	Common stock	10,264,905,000
Different classes of stocks	-
4. Scheduled disposal period	Start date	2022-03-30
End date	2022-06-29
5. Purpose of disposal	To strengthen the retention of outstanding talents and accomplish results to improve corporate value
6. Disposal method	Disposal in exchange (shrs.)	-
Off-hours block trading (shrs.)	-
Disposal in OTC (shrs.)	-
Others (shrs.)	97,761
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	12,110,801	Ratio(%)	2.7
Different classes of stocks	-	Ratio(%)	-
9. Date of board resolution (decision date)	2022-03-29
- 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) As of the date of report submission, the total number of outstanding shares is 446,122,896. 2) Above '2. Disposal Price of Shares' and above '3. Estimated Disposal Amount' are based on the closing price of the date before the resolution of the board of directors (March 28, 2022), and the actual price and amount of disposal may change as of the date of disposal. 3) Above '6. Disposal Method' is the transfer of stocks from the Company's treasury stock account to the stock accounts of the target executives and employees.

【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	-	2,349	-	12,110,801	-
Different classes of stocks	-	-	-	-	-	-
Total (a+b+c)	Common stock	12,139,090	-	2,349	-	12,136,741	-
Different classes of stocks	-	-	-	-	-	-