Samsung Corporation in $200 Million Notes Offering

October 18, 2006

Cleary Gottlieb served as transaction counsel in the offering of $200 million senior unsecured floating rate notes due 2011 by Samsung Corporation, a leading exporter and construction company in Korea.  The notes were offered pursuant to Regulation S and are listed on the London Stock Exchange.  Arab Bank, The Bank of Nova Scotia, DBS Bank, Industrial Bank of Korea, ING Bank N.V., Korea Exchange Bank and Mizuho International acted as mandated lead arrangers. The transaction closed on October 18.