Summary

COUNTERCLAIMANTS:

(1) THE GOVERNMENT OF THE REPUBLIC OF RWANDA; (2) RWANDA DEVELOPMENT BOARD; (3) RWANDA SOCIAL SECURITY BOARD; (4) AGDF CORPORATE TRUST LTD.

SUMMARY OF LAWSUIT:

KT Corporation (the "Company") initiated arbitration proceeding against the Counterclaimants, seeking payment of a put option price of approximately USD 152 million, based on the Counterclaimants' breach of their obligations under a shareholders' agreement. In response, the Counterclaimants filed a counterclaim against the Company, alleging that the Company breached its obligations under the shareholders' agreement and seeking approximately USD 386 million in damages.

PCA (Permanent Court of Arbitration)