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NEWS LETTER 2 0 1 0

182

In accordance with the principles and procedures of the Capital Markets

Board regarding public disclosure, all public disclosures of corporations,

intermediary institutions, funds and independent auditing firms will be

deemed to have been transmitted to the Public Disclosure Platform as of

the execution date of the Communiqué.

Signatories should sign the Undertaking of Certificate Owner annexed

to the Communiqué prior to obtaining the electronic certificate and submit

it to the electronic certificate service provider.

All corporations making an initial public offering and funds applying

to register shares for listing should apply for the electronic certificate.

Obtaining the electronic certificate is mandatory in order to receive a

decision regarding a quotation or listing.

Intermediary institutions and independent auditing firms should also

apply to the electronic certificate service provider in order to obtain the

electronic certificate within 15 days after authorization is given by the

Capital Markets Board.

If it is impossible for corporations, intermediary institutions and

the founders of funds to make notifications electronically to the Public

Disclosure Platform or for independent auditing firms to send notifications

electronically to corporations, intermediary institutions and the founders

of funds, the most efficient delivery method should be used to send

notifications.

Notifications made to the ISE should be transmitted to the Public

Disclosure Platform as soon as possible. If the notifications are made

by a method other than electronic submission even though there is no

impediment to an electronic transmission the relevant persons or legal

entities will be liable.

The existence of any situation which prevents electronic transmission

must be demonstrated by the corporation, intermediary institution, founder

of fund, or independent auditing firm. All information and documents

proving the existence of this unavoidable should be sent to the Capital

Markets Board and the ISE within 3 business days following the occurrence

of the situation.

The purpose of the Communiqué is to inform investors and disclose

all changes and material events regarding capital market instruments in the

fastest and most effective way.