SK Innovation : Decision on Disposal of Treasury Stock

Decision on Disposal of Treasury Stock

1. Number of shares to be disposed of	Common stock	1,626
Different classes of stocks	-
2. Disposal price of shares (KRW)	Common stock	215,000
Different classes of stocks	-
3. Estimated disposal amount (KRW)	Common stock	349,590,000
Different classes of stocks	-
4. Scheduled disposal period	Start date	2022-04-27
End date	2022-05-09
5. Purpose of disposal	Stock Grant to Outside Director
6. Disposal method	Disposal in exchange (shrs.)	-
Off-hours block trading (shrs.)	-
Disposal in OTC (shrs.)	-
Others (shrs.)	1,626
7. Entrusted brokerage company	SK Secutiries Co.Ltd.,
8. Treasury stock holdings before disposal	Acquisition within profits available for dividends (shrs.)	Common stock	8,284,447	Ratio(%)	8.96
Different classes of stocks	296	Ratio(%)	0.02
Acquisition for other reasons (shrs.)	Common stock	521,118	Ratio(%)	0.56
Different classes of stocks	-	Ratio(%)	-
9. Date of board resolution (decision date)	2022-04-27
- Attendance of outside directors	Present (No.)	5
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. Disposal Price is the closing price of one day prior to the board resolution (April, 26th, 2022) 2. Disposal amount is calculated based on the disposal price and actual amount will be changed based on the stock price fluctuation 3.Company will transfer stock from company's account to director's account. 4. 'different classes of stock' is preferred stock.

【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	9,146,219	-	861,772	-	8,284,447	-
Different classes of stocks	296	-	-	-	296	-
Direct acquisition in OTC	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Tender offer	Common stock	-	-	-	-	-	-
Different classes of stocks	-	-	-	-	-	-
Sub total (a)	Common stock	9,146,219	-	861,772	-	8,284,447	-
Different classes of stocks	296	-	-	-	296	-
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	521,118	-	-	-	521,118	-
Different classes of stocks	-	-	-	-	-	-
Total (a+b+c)	Common stock	9,667,337	-	861,772	-	8,805,565	-
Different classes of stocks	296	-	-	-	296	-