SAMSUNG AGREES TO SETTLE PROPOSED CLASS ACTION LAWSUIT

September 24, 2008 -- FOR IMMEDIATE RELEASE

Samsung Electronics America, in cooperation with Sandweiss Law Center, P.C., announces that they have settled a proposed class action lawsuit. In 2007, attorney Stuart Sandweiss filed the lawsuit against Samsung in the U.S. District Court in Detroit, Michigan.

The lawsuit alleged that the Samsung manufactured several camcorder models with CCD imager problems that prevented the camcorders from recording video images. Samsung has agreed to the settlement as part of its longstanding commitment to customer service and in the spirit of putting consumers first. The settlement is not an admission of liability or of any wrongdoing.

As part of the settlement, Samsung has agreed to repair or replace the defective models at no cost to the consumer. Customers who have already paid to have their camcorders replaced will receive a refund of the amount paid for the purchase, replacement and/or repair.

The affected models include:

SCD 23, SCD 27, SCD 103, SCD 107

Consumers who have provided their contact information through this website ( www.samsungclassaction.com ) will be contacted directly by Samsung. Consumers who have an affected camcorder and did not provide their contact information are encouraged to do so.

Consumers who wish to arrange to repair or replace a defective camcorder covered by this settlement, may contact:

Samsung Factory Service Hotline: 888-685-1349

Address:
Samsung
400 Valley Rd., Suite 201
Mt. Arlington, NJ 07856

Pursuant to the settlement agreement, on September 24, 2008, the U.S. District Court entered a Stipulated Order dismissing Siegel's Complaint.