NAVER : Decision on Disposal of Treasury Stock

Decision on Disposal of Treasury Stock

1. Number of shares to be disposed of	Common stock	155,021
Different classes of stocks	-
2. Disposal price of shares (KRW)	Common stock	237,000
Different classes of stocks	-
3. Estimated disposal amount (KRW)	Common stock	36,739,977,000
Different classes of stocks	-
4. Scheduled disposal period	Start date	2022-07-01
End date	2022-07-29
5. Purpose of disposal	To provide treasury stocks to employees to strengthen compensation competence
6. Disposal method	Disposal in exchange (shrs.)	-
Off-hours block trading (shrs.)	-
Disposal in OTC (shrs.)	155,021
Others (shrs.)	-
7. Entrusted brokerage company	Samsung Securities
8. Treasury stock holdings before disposal	Acquisition within profits available for dividends (shrs.)	Common stock	14,260,789	Ratio(%)	8.69
Different classes of stocks	-	Ratio(%)	-
Acquisition for other reasons (shrs.)	Common stock	5	Ratio(%)	0.00
Different classes of stocks	-	Ratio(%)	-
9. Date of board resolution (decision date)	2022-07-01
- Attendance of outside directors	Present (No.)	4
Absent (No.)	0
- 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	- The "3. Estimated disposal amount (KRW)" above is based on the closing price of the Company's stock on the date of the board of directors (July 1, 2022). - The "6. Disposal method" above is one in which the company's treasury stock account is directly transferred to the payee's account on the day of issuance.

【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	14,750,125	-	489,336	-	14,260,789	- Disposal for exercise of stock option for executives and employees (400,145 shares) - Provision of stock grant for the Company's employees (89,191 shares)
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	14,750,125	-	489,336	-	14,260,789	-
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	5	-	-	-	5	-
Different classes of stocks	-	-	-	-	-	-
Total (a+b+c)	Common stock	14,750,130	-	489,336	-	14,260,794	-
Different classes of stocks	-	-	-	-	-	-