KT&G to Retire All Treasury Shares...Strengthening Shareholder Returns

Retirement Amount Estimated at Approximately KRW 1.8515 Trillion

KT&G will strengthen shareholder returns by retiring all of its treasury shares.

On April 16, KT&G announced that it had decided to retire all 10,866,189 treasury shares it owns. Based on the previous day's closing price, the retirement is valued at approximately KRW 1.8515 trillion. The retirement date is scheduled for April 23.

This decision is in line with the third amendment to the Commercial Act, which was passed by the National Assembly on February 25, 2026. The amendment requires companies to retire treasury shares they hold. At the time, KT&G's board of directors proactively announced its intention to retire these shares.

The company has also strengthened its shareholder return policy. At its regular general meeting of shareholders held on March 26, KT&G set its annual dividend at KRW 6,000 per share, an increase of KRW 600 compared to the previous year.

A KT&G representative stated, "We plan to retire all previously held treasury shares in line with the intent of the amended Commercial Act," adding, "We will continue to enhance corporate and shareholder value through further dividend increases and other measures."

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