June 3, 2024

Name of Company:

NEXON Co., Ltd.

Representative:

Junghun Lee, Representative Director,

President and Chief Executive Officer

(Stock Code: 3659, TSE Prime Market)

Contact:

Shiro Uemura, Representative Director

and Chief Financial Officer

Telephone:

03-6629-5318

Status Report of Share Buyback Program

(Share buyback based on the stipulation of the Articles of Incorporation

pursuant to Article 165(2) of the Companies Act)

NEXON Co., Ltd. ("Nexon") today announced the status of its share buyback program, implemented pursuant to Article 156 and Article 165(3) of the Companies Act of Japan, as follows:

1.

Acquisition period:

May 15, 2024 to May 31, 2024

(delivery basis)

2.

Class of shares:

Ordinary shares of Nexon

3.

Total number of shares acquired:

3,516,700 shares

4.

Total amount:

JPY 9,158,965,521

5.

Acquisition method:

Purchase at market on the Tokyo Stock Exchange

(Reference)

1. Details of resolution of the Board of Directors held on May 14, 2024:

(1)

Class of shares:

Ordinary shares of Nexon

(2)

Total number of shares to be

15,000,000 shares (at maximum)

acquired:

(1.8% of the total number of shares outstanding

excluding treasury shares)

(3)

Total acquisition cost:

JPY 30 billion (at maximum)

(4)

Acquisition period:

May 15, 2024 to July 19, 2024

(5)

Acquisition method:

Purchase at market on the Tokyo Stock Exchange

2. Aggregate amount of Nexon shares repurchased from the date of the board resolution above to May 31, 2024 (delivery basis)

(1)

Total number of shares acquired:

3,516,700 shares

(2)

Total amount:

JPY 9,158,965,521

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Nexon Co. Ltd. published this content on 03 June 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 June 2024 06:17:02 UTC.