K-Realty 11Th Real Estate Investment Trust Company announced a private placement of 150,000 common shares at KRW 20,000 per share at a premium of 300% for gross proceeds of KRW 3,000,000,000 and 1,150,000 preferred shares at a price of KRW 20,000 per share for gross proceeds of KRW 23,000,000,000 on October 26, 2021. The shares carry a par value of KRW 5,000 each. The preferred shares will be acquired by KT Internal Labor Welfare Fund through third-party allotment.

The company will issue 0.7142857 new shares per shares held. The transaction is by way of shareholder allocation increase. The date of subscription is October 26, 2021 and expected date of payment is October 27, 2021 for issuance of 100,000 shares and the preferred shares.

The transaction has been approved by board of directors of the company.