Samsung Establishes US Product Exchange Program for the Galaxy Note7

Exchange Program to Ensure Consumers’ Needs are Addressed Quickly

RIDGEFIELD PARK, N.J.–(BUSINESS WIRE)–Samsung Electronics America, Inc. today announced the immediate
availability of the U.S. Product Exchange Program for Galaxy Note7
owners. This program was launched in response to the recent announcement
regarding isolated battery cell issues with the Galaxy Note7 device.

While there have been only a small number of reported incidents, Samsung
is taking great care to provide customers with the support they need.
Samsung has identified the affected inventory and stopped sales and
shipments of those devices. For customers who have Galaxy Note7 devices,
Samsung will voluntarily replace their current device with a new one
from today.

“Samsung is taking a proactive approach to address customer needs around
the Note7,” said Tim Baxter, President, Samsung Electronics America.
“We are encouraging customers to exchange their Note7 by taking
advantage of our Product Exchange Program. The safety and satisfaction
of our customers is Samsung’s top priority.”

The US Product Exchange Program will offer consumers the following
choices:

  1. Exchange current Galaxy Note7 device with a new Galaxy Note7 (as early
    as next week)
  2. Exchange current Galaxy Note7 for a Galaxy S7 or Galaxy S7 edge and
    replacement of any Note7 specific accessories with a refund of the
    price difference between devices

As a gesture of appreciation, consumers will receive a $25 gift card or
bill credit from select carrier retail outlets when choosing a Galaxy S7
family device or the Galaxy Note7 within the exchange program.

Galaxy Note7 owners can contact or visit the retail outlet where they
purchased their device or call 1-800-SAMSUNG to initiate a product
exchange and to resolve any other questions or concerns.

About Samsung Electronics America, Inc.

Headquartered in Ridgefield Park, N.J., Samsung Electronics America,
Inc. (SEA), is a recognized innovative leader in consumer electronics,
mobile devices and enterprise solutions. A wholly owned subsidiary of
Samsung Electronics Co., Ltd., SEA is pushing beyond the limits of
today’s technology and providing consumers and organizations with a
portfolio of groundbreaking products in appliances, home entertainment,
Internet of Things, mobile computing, smartphones, virtual reality,
wireless infrastructure and wearables, in addition to offering leading
content and services related to mobile payments, 360-degree VR video,
customer support and more. Samsung is a pioneering leader in smartphones
and HDTVs in the U.S. and one of America’s fastest growing home
appliance brands. To discover more about Samsung, please visit www.samsung.com.
For the latest Samsung news, please visit news.samsung.com/us and follow
us @SamsungNewsUS.

About Samsung Electronics Co., Ltd.

Samsung Electronics Co., Ltd. inspires the world and shapes the future
with transformative ideas and technologies. The company is redefining
the worlds of TVs, smartphones, wearable devices, tablets, cameras,
digital appliances, printers, medical equipment, network systems, and
semiconductor and LED solutions. For the latest news, please visit the
Samsung Newsroom at news.samsung.com.

Contacts

Samsung Electronics America, Inc.
Andrew Bowins
917-603-4280
a.bowins@sea.samsung.com