50DN Wells Fargo 24

TIDM50DN

RNS Number : 8629A

Samsung Heavy Industries Co., Ltd

08 February 2011

Request for Revision of Court's Ruling on Samsung Motors Case

28 Samsung affiliates including Samsung Heavy Industries appealed to the Supreme Court on Feb 7, 2011, requesting the Court to annul the Seoul High Court's ruling against the defendants and resend the case to the Seoul High Court for rehearing.

Summary of the Lawsuit

1. This lawsuit is related to the agreement regarding court receivership of Samsung Motors, which Chairman Lee and 28 Samsung affiliates including Samsung Heavy Industries agreed with creditors of Samsung Motors in September 1999. (Related public disclosure : Lawsuit against Samsung Heavy Industries and its Affiliates Regarding Samsung Motors, December 22, 2005, Court's Ruling on Samsung Motors, February 14, 2008, and Court's Ruling on Samsung Motors, January 19, 2011)

2. Plaintiffs (appellee): Seoul guarantee Insurance and 13 other parties

Defendants(appellant): 28 Samsung affiliates including Samsung Heavy Industries

This information is provided by RNS

The company news service from the London Stock Exchange

END

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