Proposed Dividend Payout (Dec. 15, 2001)
2001-12-266% stock dividend and 2% cash dividend of par value
On December 15, 2001, the board of directors of Kookmin Bank passed a board resolution recommending a 6% stock dividend (totaling estimated 17,981,847 registered common shares) and a cash dividend of 100 Won per common share (prior to dividend tax), which represents 2% of par value, for the fiscal year ending December 31, 2001.
Fractional shares will be settled in cash based on the closing price of the prior day of the annual general shareholders’ meeting. Payment of the proposed dividends is subject to approval in the annual general shareholders’ meeting.
The record date for dividend and for voting rights is December 31, 2001. Kookmin Bank will close its shareholders’ registry book from January 1, 2002 to January 31, 2002.
The dividend payment date will be determined after the annual general shareholders’ meeting.