Employee Stock Ownership Association and Existing Shareholders Bet 102%... Samsung SDI Rights Offering Fully Subscribed

Subscription Rate Surpasses 100% in Pre-Subscription Alone
New Shares to Be Listed on June 13... Issue Price Set at 140,000 Won

Samsung SDI's rights offering was a success, with all shares allocated to existing shareholders being fully subscribed. Due to oversubscription, only about 40,000 fractional shares are expected to be available through the public offering.

According to the Financial Supervisory Service's electronic disclosure on May 23, Samsung SDI recorded a subscription rate of 101.96% in its rights offering, which targeted the employee stock ownership association and existing shareholders (holders of subscription rights certificates). The number of shares to be issued was 11,821,000, while the total number of shares subscribed reached 12,052,922.

In detail, the employee stock ownership association subscribed to 2,350,321 shares, and 8,642,408 shares were subscribed through subscription rights certificates (allocated to existing shareholders). There were a total of 1,060,193 shares subscribed as excess applications. A total of 40,736 fractional shares were generated, and these will be allocated to investors through the public offering subscription scheduled for May 27-28. Payment and refund for the subscription are scheduled for May 30.

The new shares will be listed on June 13, and the issue price per share is 140,000 won.

The strong demand for Samsung SDI's rights offering was first observed in the employee stock ownership subscription, which saw a subscription rate well over 100% during the pre-subscription period. The largest shareholder, Samsung Electronics, also announced its intention to subscribe to 120% of its allocated shares, further boosting market confidence. Notably, by the closing date for existing shareholder subscriptions on May 22, excess subscriptions had poured in, minimizing the public offering portion to about 40,000 fractional shares.

The market views the success of this rights offering as a reflection of both Samsung SDI's undervalued stock price and expectations for its future business competitiveness in electric vehicle batteries, energy storage systems (ESS), and solid-state batteries. The approximately 1.65 trillion won to be raised through the rights offering will be used to strengthen competitiveness across all battery business areas, including investment in a joint venture with GM in the United States, expansion of production capacity at the Hungary plant, and establishment of a solid-state battery line.