LG Electronics Inc. Announces Rights Issue of Common Stock

LG Electronics Inc. announced a rights issue of 19 million common shares of par value KRW 5,000 each at an issue price of KRW 55,900 per share. KRW 423,547 million will be used for operations, and KRW 638,553 million will be used for facilities. The employee stock ownership association will have a preferred right to purchase the new shares at an allocation rate of 20% on November 24, 2011, and the shareholders of record on November 19, 2011 will have rights to purchase 0.0943712767 new rights shares for each share held from December 20, 2011 to December 21, 2011. The listing date of the new shares is January 9, 2012. Woori Investment & Securities Co., Ltd. will be the underwriter.