The Board of Directors of Jeil Steel Mfg Co., Ltd. (KOSE:A023440) authorized a share repurchase program on December 16, 2002. Under the program, the company will repurchase up to KRW 500 million worth of shares pursuant to a trust agreement with Hanmi Bank. The company will use its own funds to make repurchases under the program. The purpose of the program is to stabilize stock prices. The repurchase program will commence on December 16, 2002, and will end on December 15, 2003. As of December 16, 2002, the company has no shares in treasury through direct ownership, and has 690,036 shares in treasury through trust agreements.

On December 15, 2003, the company extended its share repurchase program until December 15, 2004.

On December 15, 2004, the company extended its share repurchase program until December 15, 2005.

On December 15, 2005, the company extended its share repurchase program until December 16, 2006.

On December 15, 2006, the company extended its share repurchase program until December 18, 2007.

On December 14, 2007, the company extended its share repurchase program until December 18, 2008.

On December 17, 2008, the company extended its share repurchase program until December 17, 2009.

On December 16, 2009, the company extended its share repurchase program until December 16, 2010.

On December 16, 2010, the company extended its share repurchase program until December 16, 2011.

On December 16, 2011, the company extended its share repurchase program until December 16, 2012.

On December 14, 2012, the company extended its share repurchase program until December 16, 2013.

Hanmi Bank, Citibank Korea Inc. and Kyobo Securities Co., Ltd. acted as brokers to Jeil Steel Mfg Co., Ltd. for the buyback transaction.

Jeil Steel Mfg Co., Ltd.'s share repurchase program expired on March 28, 2013.