Pursuant to Article 365 of the Korean Commercial Act and Article 17 of the Articles of Incorporation of the Company, the company will hold its 36th Annual General Meeting(hereafter ‘AGM’) of Shareholders as follows, and invites shareholders to attend the Meeting :

1. Date and time of the AGM : Tuesday, March 28th, 2023 10:00 A.M (KST)

2. Place of the Meeting : Vision Hall, KT&G Human Resources Development Institute, 71, Beotkkot-gil, Daedeok-gu, Daejeon, Republic of KOREA

3. Agenda of AGM for the 36th Fiscal Year
 A. Matters to Report : Audit Report, Business Report, Internal Accounting Control System Operation Status Evaluation Report
 B. Matters for Approval (※ Detailed agenda can be found in the attached file)
  1) Agenda 1 : Approval of Financial Statements (excluding Statement of Appropriation of Retained Earnings)
  2) Agenda 2 : Approval of Provision of Dividends and Statement of Appropriation of Retained Earnings
    - 2-1 : Cash Dividends of KRW 5,000 per Share (Proposal by KT&G’s Board of Directors)
    - 2-2 : Cash Dividends of KRW 7,867 per Share (Shareholder Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
    - 2-3 : Cash Dividends of KRW 10,000 per Share (Shareholder Proposal_by Agnes, etc.)
    ※ Voting will be conducted for all three (3) agendas above and, among the agendas satisfying the requirements for ordinary resolutions, the agenda with the most votes shall be approved.
  3) Agenda 3 : Partial Amendment to Articles of Incorporation (Shareholder Proposal_by Agnes, etc.)
    - 3-1 : Amendment to and Enactment of Provisions Concerning Evaluation and Compensation Committee (Shareholder Proposal_by Agnes, etc.)
    - 3-2 : Addition of Right to Decide Cancellation of Treasury Shares (Shareholder Proposal_by Agnes, etc.)
    - 3-3 : Enactment of New Provisions for Quarterly Dividends (Shareholder Proposal_by Agnes, etc.)
    - 3-4 : Addendum (Shareholder Proposal_by Agnes, etc.)
    ※ to be automatically abandoned if Agendas No. 3-1 through 3-3 are rejected
  4) Agenda 4 : Cancellation of Treasury Shares (Shareholder Proposal_by Agnes, etc.)
    ※ to be automatically abandoned if Agenda No. 3-2 is rejected
  5) Agenda 5 : Acquisition of Treasury Shares (Shareholder Proposal_by Agnes, etc.)
  6) Agenda 6 : Decision on Whether to Increase the Number of Outside Directors
  - 6-1 : Maintenance of the Current Number of Six (6) Outside Directors (Proposal by KT&G’s Board of Directors)
  - 6-2 : Increase of the Number of Outside Directors to Eight (8) (Shareholder Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  ※ Voting will be conducted for the two (2) agendas above and, among the agendas satisfying the requirements for ordinary resolutions, the agenda with the most votes shall be approved
  7) Agenda 7 : Appointment of Two (2) Outside Directors (if Agenda No. 6-1 is approved) (cumulative voting)
  - 7-1 : Appointment of Myung-Chul Kim as Outside Director (Proposal by KT&G’s Board of Directors)
  - 7-2 : Appointment of Yun-Sung Koh as Outside Director (Proposal by KT&G’s Board of Directors)
  - 7-3 : Appointment of Soo-Hyung Lee as Outside Director (Shareholder Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 7-4 : Appointment of Do-Reen Kim as Outside Director (Shareholder Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 7-5 : Appointment of Jae-whan Park as Outside Director (Shareholders’ Proposal by Agnes, etc.)
  - 7-6 : Appointment of Suk-Yong Cha as Outside Director (Shareholder Proposal_by Agnes, etc.)
  - 7-7 : Appointment of Ou-Jin Hwang as Outside Director (Shareholders’ Proposal by Agnes, etc.)
  8) Agenda 8 : Appointment of Four (4) Outside Directors (if Agenda No. 6-2 is approved) (cumulative voting)
  - 8-1 : Appointment of Myung-Chul Kim as Outside Director (Proposal by KT&G’s Board of Directors)
  - 8-2 : Appointment of Yun-Sung Koh as Outside Director (Proposal by KT&G’s Board of Directors)
  - 8-3 : Appointment of Il-Soon Lim as Outside Director (Proposal by KT&G’s Board of Directors)
  - 8-4 : Appointment of Soo-Hyung Lee as Outside Director (Shareholders’ Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 8-5 : Appointment of Do-Reen Kim as Outside Director (Shareholders’ Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 8-6 : Appointment of Jae-whan Park as Outside Director (Shareholders’ Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 8-7 : Appointment of Suk-Yong Cha as Outside Director (Shareholders’ Proposal_by Agnes, etc.)
  - 8-8 : Appointment of Ou-Jin Hwang as Outside Director (Shareholders’ Proposal_by Agnes, etc.)
  9) Agenda 9 : Appointment of Audit Committee Members
  - 9-1 : Appointment of Myung-Chul Kim as Audit Committee Member (Proposal by KT&G’s Board of Directors)

  - 9-2 : Appointment of Yun-Sung Koh as Audit Committee Member (Proposal by KT&G’s Board of Directors)
  - 9-3 : Appointment of Soo-Hyung Lee as Audit Committee Member (Shareholders’ Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 9-4 : Appointment of Doreen Kim as Audit Committee Member (Shareholders’ Proposal_by ANDA ESG General Private Investment Trust No. 1, etc.)
  - 9-5 : Appointment of Suk-Yong Cha as Audit Committee Member (Shareholder Proposal_by Agnes, etc.)
  - 9-6 : Appointment of Ou-Jin Hwang as Audit Committee Member (Shareholder Proposal_by Agnes, etc.)
  ※ If any candidates for the Audit Committee members are not appointed as outside directors under the Agendas No. 7 through No. 8 above, the agendas applicable to such candidates will be automatically a.
  10) Agenda 10 : Approval of Cap on Remuneration for Director

4. Placement of Notice : Pursuant to Article 542-4 of the Korean Commercial Act, the company hereby places copies of Notice for Convening of Annual General Meeting of the Shareholders at the company’s Headquarters, its branches, the Korean FSC (Financial Services Commission), the KRX (Korea Exchange), and its Transfer Agent (Kookmin Bank) for the viewing.