KT Corporation KTCD Investment in affiliate company

  KT Corporation (KTCD) - Investment in affiliate company

RNS Number : 4211P
KT Corporation
24 October 2012




Report on Material Matters



                 Equity Investments in an Affiliated Company



1. Issuing company

- Name of the company: kt estate

- Nationality of the company: Republic of Korea

- President of the company: Kyung-Soo Kim

- Amount of capital: KRW 29,244,095,000

- Relationship to company: Affiliated company

- Number of issued shares: 5,848,819

- Main business: Developing and supplying real estates

2. Details of investment

- Number of acquired shares: 10,000,000

- Amount of investments(KRW): 1,999,810,976,000

- Amount of capital(KRW): 11,733,933,194,239

- Investment amount to capital(%): 17.04

- Whether a large corporation: applicable

3. Number of shares after acquisition

- Number of shares: 15,848,819

- Percentage of ownership(%): 100

4. Method of acquisition

- Investment-in-kind: KRW 1,968,810,976,000

- Cash investments: KRW 31,000,000,000

5. Purpose of acquisition

- Fostering a specialized comprehensive real-estate company and enhancing the
value of the business

6. Amount of total asset as of recent fiscal year

- Amount of total asset: KRW 26,453,607,337,949

- Acquisition amount to total asset(%): 7.56

7. Whether a backdoor listing

- Not applicable

8. Date of board resolution: October 23, 2012

- Attendance of outside directors: Present (7) / Absent (0)

- Attendance of audit committee members: Present

9. Applicability of Korean Fair Trade Act

- Applicable

10. Whether a put-option contract or its kind

- Not applicable

11. Others

- The amount  of the capital  stock and the  number of issued  shares of  the 
company are excluding the investment amount of 50 billion won

- Acquisition cost is the appraisal value

- Scheduled acquisition date:  December 1, 2012 (Investment-in-kind)

  December 3, 2012 (Cash investment)



※ Summary of financial status of the issued company

[unit: KRW million] Assets Liabilities Equity Capital Revenue Net income
      3Q-2012       32,171       1,139 31,032  29,244   6,377      1,914
       2011         30,198       1,081 29,117  29,244   4,523        142
       2010          8,443         427  8,016   8,000   1,152         16



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