Early redemption of convertible bonds (incl. overseas CBs)

What happened

Pavonine / Early Redemption of Convertible Bonds (Including Overseas CBs) Prior to Maturity / (2026.08.14)

Early Redemption of Convertible Bonds (Including Overseas CBs) Prior to Maturity

Convertible Bonds (Including Overseas CBs), Series 5

1. Matters concerning the bonds acquired prior to maturity Type of bonds: Unregistered (bearer-form), interest-bearing, unsecured, privately placed convertible bonds Issuance date: 2024-02-14 Issuance method: Domestic issuance (private placement) Conversion price per share (KRW): 2,565 Maturity date: 2029-02-14

2. Bond acquisition amount (currency): 3,986,453,760 KRW: South Korean Won - Face (electronically registered) total amount of bonds acquired (currency): 3,840,000,000 KRW: South Korean Won - Applicable exchange rate: - - Acquisition date: 2026-08-14

3. Total face (electronically registered) amount of bonds outstanding after acquisition (currency): 1,800,000,000 KRW: South Korean Won

4. Reason for acquisition prior to maturity and future treatment - Reason for acquisition prior to maturity: Acquired following the bondholder's exercise of the early-redemption request right (put option) - Future treatment plan: To be retired after acquisition

5. Source of acquisition funds: Own funds

6. Method of bond acquisition: On-exchange purchase

7. Other matters for investment reference - The bond acquisition amount includes interest. - The acquisition date is the date of payment of the bond acquisition amount. - The conversion price per share is the conversion price as adjusted on 2026-06-15 due to a decline in the market price.

* Related disclosures: 2026-06-15 Adjustment of Conversion Price 2026-05-14 Early Redemption of Convertible Bonds (Including Overseas CBs) Prior to Maturity 2026-02-19 Early Redemption of Convertible Bonds (Including Overseas CBs) Prior to Maturity 2025-11-14 Adjustment of Conversion Price 2025-04-15 Exercise of Conversion Right 2025-04-14 Adjustment of Conversion Price 2024-09-19 Adjustment of Conversion Price 2024-02-14 Securities Issuance Results (Voluntary Disclosure) 2024-02-07 Decision to Issue Convertible Bonds (Series 5)