Netmarble : Decision on Transfer of Sharesor Investment Certificatesof Other Corporations

Report of Disclosure Revision

Revision Date

2021-12-09

1. Disclosure Documents in relation with Revision	Decision on Transfer of Shares or Investment Certificates of Other Corporations
2. Submission date of documents	2021-12-08
3. Reason for Revision	Finalization of the total value of disposal (KRW) following the execution completion of off-hours block trade
4. Revised Information
information	before revision	after revision
2. Details of transfer (disposal) - Total value of transfer (KRW) - Ratio to equity capital (%)	514,322,460,000 9.10	481,558,214,400 8.52
9. Other matters to be factored into investment decisions	2) The above "2. Total value of disposal" is calculated based on the closing price of the target stock as of December 8, 2021 and a corrective report will be submitted after total value of disposal is finalized. 4) The above transaction is scheduled to take place through off-hours block trading before the stock market opens on December 9, 2021 and the above "5. Scheduled disposal date" is the payment date for the block deal, which is also the transfer date of share certificates.	2) The above "2. Total value of disposal" is the finalized value of disposal following the off-hours block trade executed during pre-hours sessions on December 9, 2021. 4) The above "5. Scheduled disposal date" is the scheduled date for the settlement of the off-hours block trade, which is also the transfer date of share certificates.

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Decision on Transfer of Shares or Investment Certificates of Other Corporations

1. Details of issuing company	Name of company	KakaoBank Corp.
Nationality	Republic of Korea	Representative	Yoon Ho-young
Capital stock (KRW)	2,038,265,185,000	Relationship to company	-
Total number of shares issued	475,159,237	Main business	Internet-only bank
2. Details of transfer (disposal)	Number of shares to be transferred	7,619,592
Total value of transfer (KRW)	481,558,214,400
Equity capital (KRW)	5,650,596,134,173
Ratio to equity capital (%)	8.52
Classified as a large-scale corporation?	Yes
3. Number of shares held and shareholding ratio after transfer	Number of shares held	0
Shareholding ratio (%)	0
4. Purpose of transfer	Secure liquidity through the sale of the shares held
5. Scheduled transfer date	2021-12-13
6. Date of board resolution (decision date)	2021-12-08
-Attendance of outside directors	Present (No.)	3
Absent (No.)	-
-Attendance of auditors (members of Audit Committee who are not outside directors)	-
7. Subject to reporting to the Fair Trade Commission?	No
8. Signed a put option contract, etc.?	No
-Details of agreements	-
9. Other matters to be factored into investment decisions
1) The above "1. Details of issuing company/Capital stock" is true as of the end of the latest fiscal year (2020). 2) The above "2. Total value of disposal" is the finalized value of disposal following the off-hours block trade executed during pre-hours sessions on December 9, 2021. 3) The above "2. Equity capital" is from the Company's consolidated financial statements as of the end of the latest fiscal year (2020). 4) The above "5. Scheduled disposal date" is the scheduled date for the settlement of the off-hours block trade, which is also the transfer date of share certificates. 5) All of the members of the Company's Audit Committee are outside directors. 6) The [Condensed Financial Statements of Issuing Company] below are prepared based on individual financial statements of KakaoBank Corp. and current fiscal year, previous fiscal year and two fiscal years prior are 2020, 2019, 2018, respectively.
※ Related disclosure	-

【Condensed Financial Statements of Issuing Company】(in KRW)

Category	Total assets	Total liabilities	Total shareholders' equity	Capital stock	Sales	Net income	External auditor's opinion	External auditor
Current fiscal year	26,649,990,466,590	23,853,027,948,741	2,796,962,517,849	2,038,265,185,000	804,157,323,123	113,635,989,057	Unqualified	KPMG Samjong Accounting Corp.
Previous fiscal year	22,724,107,739,884	21,045,386,916,505	1,678,720,823,379	1,825,482,210,000	664,940,287,594	13,732,930,386	Unqualified	Samil PricewaterhouseCoopers
Two fiscal years prior	12,126,722,813,103	10,986,315,071,588	1,140,407,741,515	1,300,000,000,000	375,581,509,526	-20,954,565,783	Unqualified	Samil PricewaterhouseCoopers