Woori Financial : Acquisition of Shares of Woori Financial Capital Co., Ltd (Form 6-K)

Acquisition of Shares of Woori Financial Capital Co., Ltd.

On May 21, 2021, Woori Financial Group Inc. ('Woori Financial Group') entered into a stock purchase agreement with Woori Financial Capital Co., Ltd. ('Woori Financial Capital'), its direct subsidiary, to purchase the treasury stock of Woori Financial Capital. The key details of the acquisition are as follows:

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Number of shares to be acquired: 2,064,059 common shares

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Purchase price (KRW): 23,736,678,500 based on the KRX KOSPI Market closing price as of May 21, 2021

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Ratio of purchase price to total equity of Woori Financial Group: 0.09%, based on Woori Financial Group's total equity of KRW 26,725,844,883,509 as of December 31, 2020.

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Purpose of share acquisition: To enhance corporate value by improving management efficiency and strengthening group unity

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Total number of shares to be owned by Woori Financial Group following the acquisition: 52,064,059 (representing 90.47% of Woori Financial Capital's total issued shares)

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Expected date of transaction: May 24, 2021 (subject to change)

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Key financial data of Woori Financial Capital:

		Total assets			Total liabilities			Total equity			Share capital			Operating revenue(1)			Net income
		(in millions of Won)
FY2020			8,880,117				8,053,840				826,277				287,729				832,511				58,980
FY2019			7,473,168				6,659,178				813,990				287,729				726,369				101,588
FY2018			6,201,432				5,449,071				752,361				287,729				615,238				90,969

(1): Includes interest income, lease income, gain on financial instruments at fair value through profit or loss, gain on investments in joint ventures and associates and other operating income, and excludes non-operating income.