Details of Major Activities of the Board of Directors

• 2014

  Details of Major Activities of the Board of Directors (2014)

  	Convening Date	Agenda	Approved or not
  1	Feb. 11, 2014	1. Settlement of FY 13 (Jan. 1, 2013 ~ Dec. 31, 2013)	Approved
  		2. Appointment of Sub-Committee Members	Approved
  		3. Appointment of Compliance Officer	Approved
  		4. Full-Time Director Remuneration and Long-Term Compensation for the Group’s Management	Approved
  		5. Real Estate Rent Agreement	Approved
  2	Feb. 25, 2014	1. Approval of Director Remuneration Limit	Approved
  		2. Convocation of FY 13 General Shareholders’ Meeting and Decision on approval of the items	Approved
  3	Mar. 26, 2014	1. Appointment of the Representative Director & Chairman	Approved
  		2. Appointment of the Chairman of the Board of Directors	Approved
  		3. Appointment of Sub-Committee Members	Approved
  		4. Remuneration for Outside Directors	Approved

• 2013

  Details of Major Activities of the Board of Directors (2013)

  	Convening Date	Agenda	Approved or not
  1	Feb. 7, 2013	1. Approval of 12th FY Financial Statements and Business Report	Approved
  		2. Appointment of Sub-Committee Members - appointed members for the Outside Director Recommendation Committee	Approved
  2	Feb. 21, 2013	1. Revision of Financial Statements for 12th FY	Approved
  3	Feb. 21, 2013	1. Approval of Director Remuneration Limit	Approved
  		2. Convocation of FY2012 General Shareholders' Meeting GSM to be held on March 28, 2013	Approved
  		3. Merger of the Two Savings Banks within the Group - Merger between Shinhan Savings Bank and Ye Han Byul Savings Bank	Approved
  		4. Corporate Bond Issue via Shelf Registration	Approved
  		5. Enactment and Amendment of Regulations on Management Compensations	Approved
  4	Mar. 28, 2013	1. Appointment of the Chairman of the Board of Directors - Mr. Hoon Namgoong	Approved
  		2. Appointment of Sub-Committee Members	Approved
  		3. Approval of Director Remuneration Limit	Approved
  5	May. 23, 2013	1. Appointment of Non-Director Executives	Approved
  		2. Issuance of Hybrid Securities	Approved
  		3. Realignment of Shinhan Financial Group’s Mid- to Long-term Strategic Directions	Approved
  6	Aug. 22, 2013	1. Appointment of Non-Director Executives	Approved
  7	Nov. 14, 2013	1. Submission of a Resolution Plan in Accordance with the US Dodd-Frank Act	Approved
  8	Dec. 12, 2013	1. Approval of CEO Candidate of Shinhan Financial Group	Approved
  		2. Business Plan and Budget for 2014	Approved
  		3. Approval of Subsidiary Financing Support Limits for 2014	Approved
  		4. Corporate Bond Issue via Shelf Registration	Approved
  		5. Submission of a Final Bid for Acquisition of the Kwangju Bank	Approved
  9	Dec. 27, 2013	1. Appointment of Non-Director Executives	Approved

• 2012

  Details of Major Activities of the Board of Directors (2012)

  	Convening Date	Agenda	Approved or not
  1	Feb. 9, 2012	1. Approval of the 11th FY Financial Statements and Business Report	Approved
  		2. Appointment of Sub-Committee Members - Outside Director Recommendation Committee	Approved
  		3. Appointment of a Non-Director Executive - Executive Vice President Se Il Oh	Approved
  		4. Appointment of a Compliance Officer - Managing Director Woo Gyun Park	Approved
  2	Feb. 23, 2012	1. Amendments to the Articles of Incorporation(AOI) and other Regulations - To reflect 1) revisions related to amendments to the Commercial Act and    other legislations and 2) revisions to incorporate the establihsment of the    Corporate Governance and CEO Recommendation Committee	Approved
  		2. Approval of Director Remuneration Limit	Approved
  		3. Convocation of FY11 General Shareholders' Meeting - GSM to be held on March 29, 2012	Approved
  		4. Corporate Bond Issuance through an "Aggregated Issue Declaration"	Approved
  		5. Grant of long term compensation to the management of subsidiaries	Approved
  		6. Revisions to guidelines governing the use and treatment of customer     informations Included Shinhan Savings Bank into the list of subsidiaries     who may share data	Approved
  3	Mar. 29, 2012	1. Appointment of the Chairman of the Board of Directors - Mr. Hoon Namgoong	Approved
  		2. Appointment of Sub-Committee Members	Approved
  		3. Approval of Director Remuneration Limit	Approved
  		4. Approval of Hybrid Capital Instrument Issuance	Approved
  		5. Revisions to Group Internal Control Regulation	Approved
  4	May. 24, 2012	1. Appointment of a Non-Director Executive - Deputy President: Mr. Buhmsoo Choi	Approved
  		2. Execution of Agreements on the Use of ‘Shinhan’ Trademark and etc.	Approved
  		3. Cancellation of Long-Term Performance based Compensation	Approved
  		4. Amendments to the Risk Management Committee Regulations	Approved
  5	Aug. 23, 2012	1. Appointment of Non-Director Executives - Deputy Presidents: Mr. Sung Ho Wi, Mr. Jae Gwang Soh, and Mr. Jung Kee Min	Approved
  		2. Amendments to 2012 Financial Plans for Group Companies     following a Change in Brand Fee Sharing Standards (Draft)	Approved
  		3. Corporate Bond Issue via Shelf Registration	Approved
  6	Nov. 9. 2012	1. Inclusion of Shinhan AITAS into the Group as a Subsidiary	Approved
  7	Dec. 13.2012	1. Business Plan and Budget for 2013	Approved
  		2. Approval of Subsidiary Financing Support Limits for 2013	Approved
  		3. Real Estate Rent Agreement	Approved
  		4. Submission of bidding offer for Ye Han Byul Savings Bank and its     Inclusion as a Group Subsidiary	Approved
  8	Dec. 27. 2012	1. Appointment of a Non-Director Executive - Deputy Presidents: Mr. Sin Gee Lee and Mr. Dong Hwan Lee	Approved

• 2011

  Details of Major Activities of the Board of Directors (2011)

  	Convening Date	Agenda	Approved or not
  1	Feb. 8. 2011	1. Approval of 10th FY Financial Statements and Business Report	Approved
  		2. Amendments to Regulations regarding Executives Directors and Management - Amending company regulations to reflect the requirements from the examination    by the FSS	Approved
  		3. Appointment of Sub-Committee Members - Outside Director Recommendation Committee and Compensation Committee	Approved
  		4. Appointment of Compliance Officer - Mr. Yoi Yong Cho (Reappointment)	Approved
  		5. Merger of Indirect Subsidiaries in Vietnam - Approval of the merger between 2 subsidiaries of Shinhan Bank domiciled in    Vietnam	Approved
  2	Feb. 14. 2011	1. Approval of submitting the final bidding offer of Samhwa Savings Bank	Approved
  3	Feb. 21. 2011	1. Amendments to the Articles of Incorporation (AOI) and Other Regulations - To reflect ① recent revision to Article 11 of the “Financial Holding Companies Act” ,    ② corporate governance structure change and ③ recommendations from    the FSS examinaiton	Approved
  		2. Director Remuneration Limit Approval	Approved
  		3. Convocation of FY10 General Shareholders’ Meeting - General Shareholders' Meeting to be held on March 23, 2011	Approved
  		4. Treatment of granted Long-Term Compensation - To determine how to treat the long term compensation granted to recipients    whose exercise of stock options were deferred by the BoD on Dec 16, 2010.	Approved
  4	Mar. 23. 2011	1. Appointment of the Chairman and CEO - Mr. Dong Woo Han	Approved
  		2. Appointment of the Chairman of Board of Directors - Mr. Hoon Namkoong	Approved
  		3. Approval of Director Remuneration Limit	Approved
  		4. Appointment of Sub-Committee Members	Approved
  5	Apr. 7. 2011	1. Approval of Outside Director Evaluation Scheme - Adjustments made to the weight parameter of peer evaluation	Approved
  		2. Appointment of a Non-Director Executive - Executive Vice President Jae Gwang Soh, Dong Hwan Lee	Approved
  		3.Redeemable Preferred Stocks Issuance	Approved
  		4. Subordinate Debt Issuance	Approved
  		5. Merger of Indirect Subsidiaries in Vietnam - Approval of the merger between 2 subsidiaries of Shinhan Bank domiciled in    Vietnam	Approved
  6	May. 26. 2011	1. Appointment of a Non-Director Executive - Deputy President Buhmsoo Choi	Approved
  7	June. 23. 2011	1. Submission of Bidding Offer to Acquire Savings Banks	Approved
  8	Aug. 23. 2011	1. Enactment and Revision of Regulations on Governance	Approved
  		2. Revision of Executive Management Regulation on Operation	Approved
  		3. Appointment of Non-Director Executives	Approved
  		4. Issue of Corporate Bonds	Approved
  9	Oct. 6. 2011	1. Issue of Hybrid Capital Instruments	Approved
  10	Nov. 4. 2011	Report) Q3 2011 Settlement Results and others	-
  11	Nov. 16. 2011	1. Submission of Bidding Offer to Acquire Tomato Savings Bank	Approved
  12	Dec. 15. 2011	1. Business Plan and Budget for 2012	-
  		2. Redemption for Redeemable Preferred Stocks(RPS)
  		3. Issue of Corporate Bonds
  		4. Approval of Subsidiary Financing Support Limits for 2012
  		5. Tomato Savings Bank Acquisition and Its Inclusion as SFG’s Subsidiary
  		6. Appointment of Sub-Committee members
  		7. Cancellation of previously-granted long term compensation(PS)
  		8. Appointment of non–director executives

• 2010

  Details of Major Activities of the Board of Directors (2010)

  	Convening Date	Agenda	Approved or not
  1	Feb. 4. 2010	1. Approval of 9th FY Financial Statements and Business Report	Approved
  		2. Appointment of Members to Outside Director Recommendation Committee     Eung Chan Ra, Byung Hun Park, Si Yeol Ryoo, Haeng Nam Chung,     and Sung Bin Chun were appointed	Approved
  		3. Revision on Internal Control Codes - to reflect revised holding company rules, Group intermal control codes    and audit Committee es were revised.	Approved
  		4. Appointment of Members of the Outside Director Recommendation Committee - Mr. Eung Chan Ra, Boo In Go, Shee Yul Ryoo, Young Seok Choi, and    Ms. Sung Bin Chun	Approved
  		5. Appointment of Compliance Officer - Mr. Yoi Yong Cho	Approved
  		6. Cancellation of Granted Stock Options -A total of 2,400 stock options cancelled ( 1 company, 1 person)	Approved
  		7. Corporate Bond Issuance - Approval of Issuance of KRW 650 billion of corporte bonds to provide    financial support to Group and renew outstanding corporate bond	Approved
  2	Feb. 26. 2010	1. Amendment of Regulations	Approved
  		2. Approval of Diretor Remuneration Limit	Approved
  		3. Convocation of the FY09 General Shareholders’ Meeting - General Shareholders' Meeting to be held on March 24, 2010	Approved
  3	Mar. 24. 2010	1. Appointment of the Chairman - Mr. Eung Chan Ra	Approved
  		2. Approval of Remuneration for Directors	Approved
  		3. Determination of Evaluation Method for Outside Directors	Approved
  		4. Appointment of Sub-Committee members	Approved
  		5. Appointment of the Chairman of the Board/ Lead Outside Director - Ms. Sung Bin Chun	Approved
  4	May. 27. 2010	1. Appointment of a Non-Director Executive - Mr. Buhmsoo Choi was re-appointed as a Deputy President	Approved
  		2. Enactment and Amendment of Regulations Concerning Long-term Compensation	Approved
  		3. Grant of Performance-Linked Long-Term Compensation for the Management,     etc. of the Company and Its Subsidiaries	Approved
  		4. Realignment of the Group’s Mid- to Long-Term Strategic Directions	Approved
  		5. Redemption of Redeemable Preferred Stocks - Series of 5 & 8	Approved
  		6. Corporate Bond Issuance - Approval of Issuance of KRW 970 billion of corporate bonds to provide    financial support to Group and renew outstanding corporate bonds	Approved
  		7. Exclusion of Shinhan Macquarie F/A from SFG as Subsidiary	Approved
  		8. Revision of the Guideline on Provision and Usage of Personal Credit Information	Approved
  5	Aug. 25. 2010	1. Appointment of Non-Director Executives - Mr. Sung-Ho Wi was reappoint as Deputy President and Mr. Jung Kee Min    was appointed as Executive Deputy President	Approved
  		2. Corporate Bond Issuance - Approval of Issuance of KRW 900 billion of corporate bonds to provide financial    ancial support to Group and renew outstanding corporate bonds	Approved
  		3. Creation of new management position - Approval of amending relevant bylaws to create a new management position    of Executive Vice President	Approved
  6	Sep. 14. 2010	1. Issue on resolving the present incident regarding Representative Director,     President	Approved
  		1-a Suspending the Roles and Responsibilties as Representative Director,     President of Mr. Sang Hoon Shin	Approved
  		1-b Appointing temporary acting Representative Director, President - Mr. Eung Chan Ra, currently the Group’s Chairman and Representative Director,    to assume the role of President and Chief Executive Officer for the time being	Approved
  7	Oct. 30. 2010	1. Resolution to the Current Management Situation	Approved
  		1-a Appointing an acting Representative Director, President	Approved
  		1-b Appointing temporary acting Representative Director, President - Mr. Ryoo, Shee Yul was appointed	Approved
  		1-c Approval of the establishment of Special Committee - BoD member resolved to establish a Special Committee composed of all outside    directors and the acting representative director through which improvements    to corporate governance will be sought out.	Approved
  8	Dec. 16. 2010	1. Issuance of Corporate Bonds	Approved
  		2. Approval of 2011 Financial Support Limits for Subsidiaries	Approved
  		3. 2011 Business Plan and Budget	Approved