Mid-term Shareholder Return Policy

1. Details of Policy

[Shareholder Return Policy from FY2023 to FY2025]

•  Shareholder return resource : 50% of adjusted annual net income (KT's stand-alone basis)

•  Shareholder return method : Cash dividend and Treasury share buyback and termination

•  Cash dividend : Minimum FY2022 dividend per share level(even in the case of insufficient funds for shareholder return)

•  Quarterly dividends are expected to be implemented from the first quarter of 2024.

2. Additional Details Relevant to Investment Consideration

•  Shareholder return policy stated above may be subject to change depending on the business environment and market conditions.

•  Quarterly dividends will be initiating after the approval of the amendment to the Articles of Incorporation for the introduction of quarterly dividends, at the 42nd Annual General Meeting("AGM") of shareholders 2024.

•  KT's adjusted annual net income(stand-alone basis) stated above will be calculated by excluding items such as non-cash items.

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KT Corporation published this content on 17 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 October 2023 10:10:28 UTC.