LOTTE rental co.,ltd. announced a private placement of 1,943,500 shares at KRW 102,907 per share for gross proceeds of KRW 199,999,754,500 on March 14, 2016. Each share has a face value of KRW 5,000 and will be issued at premium. The transaction will include participation from existing investors Hotel LOTTE Co,.ltd., Hotel Lotte Pusan Co., Ltd., LOTTE Himart Co.,Ltd., Lotte Insurance Co., Ltd., and Woori Home Shopping & Television Co., Ltd. for 403,715 shares, 208,898 shares, 95,231 shares, 95,231 shares, and 167,675 shares respectively. On closing, the investors will hold 20.77%, 10.80%, 4.90%, 4.90%, and 8.63% stake in the company respectively. The company will issue 0.1977976 new shares per each existing share held. The subscription date will start on April 16, 2016 and end on April 30, 2016. The payment date for the transaction is May 10, 2016. The transaction was approved by the board of directors of the company.

On April 18, 2016, the transaction has been approved by the board of directors of Lotte Insurance Co., Ltd.