Dividend Policy of SK Telecom Co., Ltd. (the 'Company') (Fair Disclosure)

1. Information Title Dividend Policy

Details

Dividend Policy for FY2021 - FY2023

•  Total dividend amount for each year is expected to be determined within the range of 30 - 40% of the Company's EBITDA, net of capital expenditures (based on earnings of the surviving company after the Company's contemplated spin-off on a separate basis).

•  Quarterly dividends are expected to be implemented beginning in the second quarter of 2021.

Expected Time of Disclosure

-
2. Provision of Information Provider SK Telecom Co., Ltd.

Target Audience

Domestic and overseas investors, analysts, press, etc.

Expected Time and Date of Provision

August 11, 2021, 16:30 (Korea time)

Name of Event (Location)

2021 2Q Earnings Conference Call

3. Point of Contact (Department/Telephone Number) IR Planning (+82-2-6100-2114)
4. Other Matters Relating to Investment Decision

- The amount of dividend per fiscal year is subject to change due to the business environment and market conditions and will be finally determined by approvals by the board of directors and the general meeting of shareholders.

- This disclosure relates to the dividend policy of SK Telecom Co., Ltd. as the surviving company after the contemplated spin-off. The dividend policy of the new company to be spun off will be determined pursuant to discussions of such company's board of directors after its establishment.

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Disclaimer

SK Telecom Co. Ltd. published this content on 11 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 August 2021 18:45:02 UTC.