SAMSUNG FIRE & MARINE INS 04/06/2009 AGM
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PIRC was not able to secure sufficient information from the company to enable us to deliver an informed report. This was despite attempts by PIRC to secure this information from the company and/or its representatives. PIRC’s Asia service defines reportable companies as those which provide adequate and timely English language disclosure of materials which explain the meeting agenda. PIRC has made best efforts to obtain such disclosures for this meeting but has been unable to do so. Unless sufficient information becomes available subsequent to the issuance of these recommendations, PIRC advises clients not to support certain proposals.

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1Approve the appropriation of income and the dividendFor
2Amend the Articles of IncorporationOppose
3Elect one inside director and three outside directorsOppose
4Elect two Audit Committee membersOppose
5Approve the total remuneration of inside and outside directorsOppose