Mirae Asset Daewoo Decides on Fourth Share Buyback This Year... Total Accumulated 50 Million Shares

Decision to Purchase Additional 6 Million Shares Following 44 Million Shares Bought by End of September
Reflecting Group's Commitment to Continuously Protect Shareholders' Interests

[Asia Economy Reporter Song Hwajeong] Mirae Asset Daewoo announced on the 29th that it has decided to additionally purchase approximately 51.5 billion KRW worth of its own shares.

The shares to be acquired this time are 6 million common shares, which correspond to about 1.2% of the outstanding shares. Mirae Asset Daewoo plans to complete the purchase on the stock market within three months from the 30th of this month to January 29 of next year.

This additional share repurchase decision by Mirae Asset Daewoo is the fourth this year, having completed the purchase of a total of 44 million shares: 13 million shares in March, 16 million shares in June, and 15 million shares in July.

With this decision, the total number of treasury shares Mirae Asset Daewoo has resolved to purchase this year amounts to 50 million shares, which corresponds to about 10% of the outstanding shares.

A Mirae Asset Daewoo official stated, “Considering that we are generating solid profits based on a diversified business structure and differentiated financial stability, we believe the current stock price level is still undervalued,” and added, “In accordance with the group’s policy of prioritizing shareholder value, we will actively continue various activities to enhance shareholder value as well as maintain ongoing communication with the market.”

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