Morgan Stanley Private Equity Asia Limited entered into a definitive agreement to acquire 65.82% stake in Monalisa Co. Ltd. (KOSE:A012690) from Kim, Kwang-Ho and four other individuals for KRW 91.4 billion on February 8, 2013. Morgan Stanley will acquire approximately 24.14 million shares of Monalisa Co.

Ltd. at a price of KRW 3785 per share. The payment for the acquisition will be made within 5 days from the closing condition completion date. Shinhan Bank acted as lender for Morgan Stanley.

Morgan Stanley acted as financial advisor to Morgan Stanley. Kim & Chang acted as legal advisor for Morgan Stanley. Yully Kang of Jipyong acted as legal advisor for Shinhan Bank.