SK WILL SELL 49 PER CENT OF SHARES TO INSTITUTIONS SUCH AS KKR

ON 27 AUGUST, IT WAS REPORTED THAT THE SK GROUP PLANNED TO SELL 49 PER CENT OF ITS SHARES IN THE KOREA ULSAN ARTIFICIAL INTELLIGENCE DATA CENTRE TO MULTIPLE PRIVATE EQUITY INSTITUTIONS. THE TRANSACTION WAS TO BE APPROVED BY THE SK TELECOMMUNICATIONS AND SK BROADBAND BOARD MEETING ON 27 AUGUST. KKR WILL ACQUIRE 29 PER CENT OF THE SHARES, WHILE IMM WILL ACQUIRE 20 PER CENT OF THE SHARES IN A CONSORTIUM OF CAPITAL FROM STONEBRIDGE. THE VALUE OF THE TRANSACTION IS ESTIMATED AT 3 TRILLION WON, INCLUDING AN INCREASE OF ABOUT 1.2 TRILLION WON. KIM XIAN