SK Gas : Decision on Acquisition of Sharesor Investment Certificatesof Other Corporations

Decision on Acquisition of Shares or Investment Certificates of Other Corporations

1. Details of issuing company	Name of company	Ulsan GPS Corporation
Nationality	Republic of Korea	Representative	Cho Seung Ho
Capital stock (KRW)	239,910,000,000	Relationship to company	Affiliated company
Total number of shares issued	47,982,000	Main business	(LNG/LPG)Combined cycle thermal power generation business
2. Details of acquisition	Number of shares to be acquired	21,000,000
Acquisition cost (KRW)	105,000,000,000
Equity capital (KRW)	2,117,363,391,889
Ratio to equity capital (%)	5.0
Classified as a large-sized corporation?	Yes
3. Number of shares held and shareholding ratio after acquisition	Number of shares held	68,624,700
Shareholding ratio(%)	99.5
4. Acquisition method	Cash acquisition
5. Purpose of acquisition	To secure operational and investment funds for Ulsan GPS Co., Ltd.'s power generation business
6. Scheduled acquisition date	2022-05-12
7. Subject to filing of a material fact report on asset acquisition?	No
-Total assets (as of the end of the latest fiscal year) (KRW)	5,121,535,471,833	Acquisition cost /Total assets(%)	2.1
8. Deemed a backdoor listing?	No
-Plan to increase capital through third-party allotment within six months?	N/A
9. Satisfying backdoor listing requirements for the issuing company (another corporation)?	N/A
10. Date of board resolution (decision date)	2022-04-21
-Attendance of outside directors	Present (No.)	4
Absent (No.)	0
-Attendance of auditors (members of Audit Committee who are not outside auditors)	-
11. Subject to reporting to the Fair Trade Commission?	Yes
12. Signed a put option contract, etc.?	No
-Details of agreements	-
13. Other matters to be factored into investment decisions	1) This disclosure is made in relation to Ulsan GPS Corporation, SK Gas's consolidated subsidiary, conducting the (LNG/LPG) Combined cycle thermal power generation business, and its participation in a paid-in capital increase carried forth for the financing of business operation and investment costs. 2) The above 'Capital stock' and 'Total number of shares issued' under '1. Details of issuing company' are as of the day before the resolution of the board of directors (before reflecting the details of this disclosure). 3) The above 'Equity capital' under '2. Details of acquisition', and 'Total assets (as of the end of the latest fiscal year)' under '7. Subject to filing of a material fact report on asset acquisition?' are based on the SK gas's consolidated financial statements as of the end of 2021. 4) The above '6. Scheduled acquisition date' is the expected date of share payment. 5) In this BOD meeting, the authority to decide detailed matters and execute concrete issues in relation to the above investment has been delegated to the CEO or a person designated by the CEO. 6) The above details are subject to change depending on progress and changes in the business environment. 7) The current year in the 'Condensed Financial Statements of Issuing Company' below is as of the end of 2021, the latest fiscal year.
※Related disclosure	2022-04-19 Decision on Paid-in Capital Increase (Material Business Matters of Subsidiary Company)

[Condensed Financial Statements of Issuing Company](KRW)

Category	Total assets	Total liabilities	Total shareholders' equity	Capital stock	Sales	Net income	External auditor's opinion	External auditor
Current fiscal year	237,586,782,915	3,198,928,414	234,387,854,501	239,910,000,000	-	-4,367,822,977	Unqualified	Ernst & Young Han Young
Previous fiscal year	81,626,850,856	2,004,811,604	79,622,039,252	79,910,000,000	-	-3,802,684,711	Unqualified	Ernst & Young Han Young
Two fiscal years prior	28,422,984,105	9,556,746,586	18,866,237,519	149,100,000,000	-	-13,061,471,135	Unqualified	Ernst & Young Han Young