The Board of Directors of Jeil Steel Mfg Co., Ltd. (KOSE:A023440) authorized a share repurchase program on March 11, 2003. Under the program, the company will repurchase up to KRW 500 million of its shares pursuant to trust agreement with Shinhan Bank. The purpose behind the program is to stabilize the stock price. Repurchases will commence on March 11, 2003 and will continue until March 12, 2004. As of March 11, 2003, the company has 1,006,537 shares in treasury stock under trust agreement.

On March 10, 2004, the company announced that it has extended the program till March 10, 2005.

On March 10, 2005, the company announced that it has extended the program till March 10, 2006.

On March 10, 2006, the company announced that it has extended the program till March 10, 2007.

On March 12, 2007, the company announced that it has extended the program till March 12, 2008.

On March 12, 2008, the company announced that it has extended the program till March 12, 2009.

On March 12, 2009, the company announced that it has extended the program till March 12, 2010.

On March 12, 2010, the company announced that it has extended the program till March 11, 2011.

On March 11, 2011, the company announced that it has extended the program till March 12, 2012.

On March 9, 2012, the company announced that it has extended the program till March 11, 2013.

On March 11, 2013, the company announced that it has extended the program till March 11, 2014.

Shinhan Bank and Kyobo Securities Co., Ltd. acted as the broker to Jeil Steel Mfg Co., Ltd.

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