- Nomination to be recommended on February 27, 2015 upon verification of qualifications

On February 13, 2015, the Non-executive Director Candidate Nominating Committee (chaired by Kun Ho Hwang) (“the Committee”) serving under the Board of Directors of KB Financial Group Inc. (“KBFG”) held its third meeting and nominated seven final non-executive director candidates based on the evaluation results of the selection advisory council members, who had performed comprehensive review and evaluation of 85 candidates who had been recommended by shareholders and two executive recruiting firms.

With respect to the seven candidates, the Committee plans to verify the eligibility of the non-executive director candidates.  Absent grounds for disqualification and upon approval by the Board of Directors on February 27, 2015, the Committee plans to recommend the candidates as nominees for non-executive directors at the annual general meeting of shareholders in March.

The candidate nomination process was reflective of recommendations made by the Corporate Governance Improvement Task Force and involved the following three stages:  formation of the candidate pool, evaluation of the candidate pool and nomination of the final candidates.  In addition, the nomination process was in compliance with the Financial Corporate Governance Code and took into consideration the diversity and expertise of candidates.

The timetable of the nomination process is as follows:

January 9: Formation of the Committee

January 12~23: Formation of candidate pool (based on recommendations from shareholders and executive recruiting firms)

January 16: Appointment of nine selection advisory council members

January 28~February 4: Review of 85 candidates by the selection advisory council members

February 13: Nomination of final seven candidates

February 27: Upon verification of qualifications, the Committee will recommend candidates as nominees for non-executive directors at the annual general meeting of shareholders

Further, the Corporate Governance Improvement Plan of KBFG is also expected to be finalized at the meeting of the Board of Directors of KBFG on February 27, 2015.