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1 Presentation Material
2014 Daewoo International Presentation Material Ver 1

2 Contents I Company Profile II Business Area III
▶ Corporate Outlook ▶ Organization & Personnel ▶ Global Network ▶ Core Competency ▶ Vision 2020 II Business Area III Synergy with POSCO Family

3 Daewoo International (DWI)
Corporate Outlook Daewoo International (DWI) Establishment : 1967 Sales Volume (2013) : USD 16.2 Billion Vision : Challenging towards Global Top Company Major Business Sector · International Trade · Project Organizing · Resource Development · Overseas Investment Employee : 8,139 Global Network : Total 117 (58 countries) Sales Volume (As of Apr. 2014) (CAGR = Compound Annual Growth Rate) * Since 2011, K-IFRS standard used $ 16.2 Billion 20 (Sales Volume) 16 12 USD 151M 8 4 (Operating Profit) 2009 2010 2011 2012 2013 3

4 Organization & Personnel
(As of Apr. 2014) Global Network : 117 Total Employees : 8,139 Trade & Investment Trade Administration 5 Groups 20 Divisions 74 Teams 60 Branches 14 Subsidiaries 26 Subsidiaries - Major 8 - Minor 18 2 Groups 9 Departments 3 Teams HQ (Korea) 712 Domestic Business Department Store 1 Oil & Gas Resource (East Sea 6-1) 224 Employees Overseas Resources Development 8 Oil & Gas Resource 7 Mineral Resource 2 Agro Resource * Total Employees : Includes 5,906 in overseas manufacturing factories (except for minor manufacturing factories) Dept. store: 210 Overseas Employees Koreans : 234 Global Staffs : 853

5 DWI, The Best Trade / PJT Organizing / Resource Development Company
Core Competency DWI, The Best Trade / PJT Organizing / Resource Development Company Trade & PJT Expertise 47-year Trading & Investment Know-how Trade & Project Experts - Global Competency and Vast Experience Global Biz Network Korea’s No. 1 Overseas Biz Network - 117 Overseas Units in 58 Countries - 11,000 Partners in 140 Countries Korea’s No. 1 Overseas Biz Network - 124 Overseas Units in ** Countries - 6,000 Partners in 180 Countries Business Portfolio Stable & Synergy-creating Biz Portfolio - Trade : Steel, Metal, Chemical, Machinery etc. - Project Organizing: IPP, Plant, Transportation - Oil/Gas/Mineral Resource/Agro Resources Development: 17 sites - Investment: 26 in 18 countries 5

6 Vision 2020 “Challenging towards Global Top Company”
DWI, Achieve Sales Volume of USD 52 Billion through Vision 2020 “Challenging towards Global Top Company” Sales USD 52 Billion / Pre-tax Income 1.8 Billon Nurture All Employees as the Global Best Talent ~2020 Global Major Trader Top 10 Sales Volume Project Developer 50% or Higher Long-term Stable Profit Weight Country Marketing Large-size, Complex Project Development Resources Development Portfolio Operation Lead and Build up Family Cooperation Operating 4 Projects Equity Investment on over 10 Projects 6

7 Contents I Company Profile II Business Area III
▶ Business Group ▶ Business Sector - International Trade - Resource Development - Project Organizing - Manufacturing Investment III Synergy with POSCO Family

8 Business Group BUSINESS GROUP DIVISION MAIN BUSINESS/ITEM
(As of Apr. 2014) BUSINESS GROUP DIVISION MAIN BUSINESS/ITEM Business Group 1 Hot Rolled Steel Division Hot Rolled Steel(POSCO Origin), API Plate & Wire Rod Division Plate, Wire Rod, Slab Energy Steel Division API Plate & HRC, Offshore / Wind Tower Plate, API Pipe Cold Rolled Steel Division Cold Rolled Steel(POSCO Origin) Automotive Steel Division Hot-dip Galvanized Steel Special Steel Division Stainless Steel Business Group 2 Machinery & Plant Division Industrial Machinery, Plant, Defense Industry Products Power Energy Infra Division Power Generation Plant Projects Automotive Component Division I Automotive Components(OE) Automotive Component Division II Automotive Components(RE) Electronic Industry Division Electronic/IT Products Business Group 3 Steel Raw Materials Division Steel Raw Materials, Steel Semi Products , Deformed Bar Non-Ferrous Metal Division Copper, Nickel, Aluminum, Zinc, Lead, Tin, Finished Products of Copper & Brass Commodity Division Development for Agricultural Resources & Textile Materials Mineral Resources Division Development for Mineral Resources Business Group 4 Chemical Division 1 Petroleum Products, Petrochemical Raw Materials, Detergent Raw Materials Chemical Division 2 PE, PP, PS, ABS, PVC, PU Raw Materials, PET Resin, Textile Materials, Polyester Raw Materials, Plasticizer Chemical Division 3 Synthetic Rubber, Fertilizer, Inorganic, Fine Chemical Products Resources Development Group Petroleum Exploration Division Exploration & Production for Oil and Gas Petroleum Production Division Administration & Business Management of E&P Project

9 Business Sector DWI, Diversifying its Business Model in a way that Creates a Synergy Main Business Sectors of DWI International Trade Project Organizing Resource Development Overseas Investment To Create Synergy Resources Development International Trade Distribution & Processing Development Production Package Supply Marketing Exploration Raw Material Marketing Production Stable Supply Project Organization & Development ○ Organization : Industrial/Power Plant, Infrastructure (Ex. Railway, Port) ○ Development : Package Deal (Resource + Plant), IPP 9

10 DWI, Trading a Variety of Items / Specialized in Triangular Business
Business Sector – International Trade DWI, Trading a Variety of Items / Specialized in Triangular Business 2013 Sales Ratio for Trade Triangular Business (2013) 43% of Trade is accomplished by Triangular Business Export 51% Triangular 43% import 6% 100 44 18 1 10 3 23 Total Steel Non Ferrous Metal Machinery/ Automotive Textile Item HR, CR, STS Non-Ferrous Metal, Steel Raw Materials Machinery, Plant Automotive Components, Parts Cotton, Cotton Yarn & Fabric Textile Materials, Woven Apparels Petroleum Products, Chemical Raw Materials PE/PP, PVC, PET Resin, Fertilizer etc Chemical Agriculture/ Fisheries Electronics Grain, Foodstuff, Coal, Mineral & Construction Materials Electronic / IT Products, System Integration Defense Industry Products Unit (%) Ex. Steel Raw Materials Triangular Business Resource Development Co. In Overseas Steel Mills in China Sao Paulo Branch Sydney DAEWOO INDIA Moscow Johannesburg CHINA BUYING SELLING

11 Calgary (Tight Oil-Gas)
Business Sector – Resource Development 17 Resources Development Projects including 5 Projects as Main Operators (As of Mar. 2014) RUSSIA Tomsk (Woods) CANADA Kiggavik (Uranium) CANADA Calgary (Tight Oil-Gas) Hong Kong SEAGP MYANMAR Shangalon (Copper) KOREA East Sea 6-1 (Operator) VIETNAM 11-2 (Gas) OMAN KOLNG (Gas) MYANMAR AD-7 (Gas) (Operator) INDONESIA Palm Oil (Operator) CAMEROON Mayodale (Tin) MYANMAR A-1 / A-3 (Gas) (Operator) AUSTRALIA Marree (Uranium) PERU Block 8 (Oil) BOLIVIA Corocoro (Copper) MADAGASCAR Ambatovy (Nickel) AUSTRALIA Narrabri (Coal) 8 Oil/Gas Resources Projects 7 Mineral Resources Projects 2 Agro-Resources Projects

12 Business Sector – Exploration & Production for Oil and Gas
Project Equity Reserve History & Status Remarks Peru Block 8 (Oil Field) 11.7% 28 MM bbl 1996: Participation (Operator : Pluspetrol) Production: 10,748 bbl/day (Crude Oil) Earnings: US$ 6 mm in 2013 Vietnam offshore Block 11-2 (Gas Field) 4.9% 0.4 TCF 15 MM bbl - 1992: Participation (Operator : KNOC) Dec. 2006: Commercial Gas Production Production : 132 mmscf/day (Gas) 3,500 bbl/day (Condensate) Earnings: US$ 6.3 mm in 2013 Myanmar offshore Block A-1 51% (*Operator) 2.2 ~ 3.7 TCF Jan. 2004: Discovery of Shwe Gas Field Mar. 2005: Discovery of Shwe-Phyu Gas Field Dec. 2013: Reserves Certification in Shwe & Shwe-Phyu Gas Fields (RPS Energy) - GSPA in Dec. 2008 - Declaration of Commerciality in Nov. 2009 - EPCIC Contract in Feb. 2010 - FDP Approval in Mar. 2010 - Gas Sales in Jul. 2013 Block A-3 0.9 ~ 1.8 Jan. 2006: Discovery of Mya Gas Field Dec. 2013: Reserves Certification in Mya Gas Field (RPS Energy) Canada Tight Oil-Gas 10% (Cardium) 7% (Notikewin) 48 MM boe - Aug : Purchase & Sale Contract Signed - Dec : 11 Wells Drilled - Earnings : US$ 0.6 mm in 2013 Block AD-7 60% (*Operator) n/a Feb. 2007: PSC Signed Mar. 2007~Jun. 2013: Study Period Jul. 2013~Jun. 2015: Exploration Period - Farm-out 40% Participating Interest to Woodside in 2013 Korea offshore Block 6-1S 70% (*Operator) Sep. 2011: Concession Contract Signed Oct. 2011~Sep. 2015: 1st Exploration Period Myanmar onshore Block RSF-7, MOGE-8 100% (*Operator) Apr : MOA Signed Apr ~ Mar : Study Period for Unconventional Hydrocarbon Resources MIDSTREAM SEAGP (South East Asia Gas Pipeline Company) 25.041% Jun. 2010: Establishment of a SPC, SEAGP in Hong Kong (Major Shareholder: CNPC) Apr. 2010: Establishment of Myanmar Branch Office (Mandalay) May 2011: EPC Construction Started (On-going) June 2013: Completion of Pipeline Construction June 2013: Commencement of Gas Transportation Transportation of gas produced from Myanmar Block A-1/A-3 to Eastern part of China DOWN STREAM Oman LNG (KOLNG) 20% (1% of OLNG) 1997: Participation (Operator : Shell) 2000: LNG Production (Dividend since 2002) Annual capacity : 6.6mmMT Earnings: US$ 20 mm in 2013 DEVELOPMENT / PRODUCTION OIL & GAS RESOURCES EXPLORATION (As of Mar. 2014) TCF : Trillion Cubic Feet / KNOC: Korea National Oil Corporation / GSPA : Gas Sales & Purchase Agreement FDP : Field Development Plan / PSC : Production Sharing Contract / SPC: Special Purpose Company

13 Business Sector – Mineral and Agro Resource Development
(As of Mar. 2014) Project Equity Reserve Remarks Madagascar Ambatovy (Nickel) 4.0% 169Mt 2006: Participation - Parties: Sherritt 40%, Sumitomo 27.5%, KAC 27.5% (KORES 17.5%, others) - Production in (Production period : 29 years) Annual Capacity : Nickel 60,000 t/y, Cobalt 5,600 t/y Australia Narrabri (Coal) 5.0% 200Mt Aug 2009: Participation Parties : Whitehaven 70%, KORES 2.5%, others Annual Capacity : 6 Mt/y (Production in 2010) Canada Kiggavik (Uranium) 1.7% 40,616t 1983: Participation 2008~2014: Environmental assessment study, F/S Marree (Uranium) 10% n/a 2008: Participation - Exploration in progress Bolivia Corocoro (Copper) 5% Cameroon Mayo Dale (Tin) 100% 2011: Approval of mining right for Mayo Darle’s Tin Exploration in Progress Myanmar Shangalon (Copper) 60% 2013: Participation Exploration in progress Indonesia (Oil Palm) 85% 36,000 ha - Aug. 2011: Contract signed - Sep. 2012: Initiated Oil Palm planting Apr : Oil Palm tree planted (2,400ha, 310,000ea) Russia (Forest) 50% 209,000 ha - Aug. 2011: Contract Signed - Nov. 2012: Started wood harvesting and marketing - Jun. 2013: Expected to implement construction of veneer mill PRODUCTION MINERAL RESOURCES EXPLORATION 카메룬 마요달레 추가(탐사) AGRO RESOURCES DEVELOPMENT KC: Korean Consortium / KORES : Korea Resources Corporation

14 DWI, Operating Myanmar Gas Project toward Gas Production in May 2013
Business Sector – Myanmar Gas Project DWI, Operating Myanmar Gas Project toward Gas Production in May 2013 Myanmar Gas Development Project (As of Mar. 2014) Block Block A-1 (since Aug. 2000) Block A-3 (since Feb. 2004) Location Northwest Offshore of Myanmar Contract Production Sharing Contract Investment Total : 1,971 M (USD) Equity DWI (Operator) % ONGC Videsh % MOGE % GAIL (India) Limited % KOGAS % Process for Gas Production Dec. 2008: GSPA (CNUOC) Nov. 2009: Declaration of Commerciality Feb. 2010: EPCIC Contract Jun. 2013: Gas Production GSPA : Gas Sales & Purchase Agreement / EPCIC : Engineering, Procurement, Construction, Installation & Commissioning

15 DWI, Expanding Canada Tight Oil - Gas Project in 2014
Business Sector – Canada Baptiste Project DWI, Expanding Canada Tight Oil - Gas Project in 2014 (As of Mar. 2014) Location NW 200Km from Calgary, Canada Contract Asset Purchase and Sale Agreement Total (MMBOE) : 48.2 (Cardium : Notikewin : 21.5) Reserves Total (Wells) : 74 (Cardium : Notikewin : 23) Development Investment Total : 271 M (CAD) Equity Cardium Notikewin Bellatrix (Operator) % % KIS Devonian % % DWI 10% % Others % % Process for Production Dec : 11 Wells Drilled ~ 2014 : Drilling 39 Wells Planned

16 Business Sector – Project Organizing
DWI, Covering Every Step of Project Organizing (Financing / Plant / Operation) (As of Mar. 2014) Green Energy (Sun & Wind Energy) Social Infrastructure Oil & Gas, Refinery, Petrochemical Plants Power Plant (IPP, BOT) EDCF (Economic Develop -ment & Cooperation) Papua New Guinea Power Plant Project Establishment Finance Local Government Electric Power Supply Construction/Maintenance Capital Investment Insurance Project Organizing Papua Power Plant  Structure Location Port Moresby, Papua New Guinea Project Scheme BOT (Build Own Transfer) IPP (Independent Power Producer) Investment USD 16 Mil. Equity DWI 49% Doosan Heavy Industry 51% Sales (2012) USD 25 Mil. Capacity 24 Mega Watt/Year EDCF Supply 40% of Papua Metropolitan area electricity demand

17 DWI, Positioning to Become the World’s Biggest Lateritic Nickel Mine
Business Sector – Resource Development DWI, Positioning to Become the World’s Biggest Lateritic Nickel Mine Madagascar Ambatovy Nickel Project (As of Mar. 2014) Ambatovy Plant Site Project Madagascar Ambatovy Nickel Project Investment Total (USD) : Bil. Equity DWI 4% Sherritt 40%, Sumitomo 27.5%, SNC-Lavalin 5% KORES 22.5%, STX 1%  Structure Investment Structure Reserve % Nickel, 0.10% Cobalt Sponsors Capital Investment Production Nickel 60,000 ton/year Cobalt 5,600 ton/year Guarantee Ambatovy Project Lenders Group Loan 30,000 ton Nickel for Korean Consortium 24,000 ton for Daewoo (80% of Korean Consortium) EPC Contractors O&M Company Operation/ Maintenance Off-Taker

18 Construction & Machinery
Business Sector – Major Manufacturing Investment DWI, Operating 9 Major Manufacturing Subsidiaries to Create a Synergy with Trading (As of Mar. 2014) Major Overseas Manufacturing Investment UZBEK Textile UZBEK Textile CHINA Paper USA Daewoo AAPC (Paper Company) INDONESIA Palm Oil BRAZIL Daewoo BSPC (Coil Center) PNG Power Producer Myanmar Construction & Machinery Subsidiary Investment 8 USD 120 Mil.

19 Contents I Company Profile II Business Area III
Synergy with POSCO GROUP 1) POSCO Business Portfolio 2) POSCO Family’s Investment & Activities in Brasil

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27 2) POSCO’S INVESTMENT & ACTIVITIES
CSP BSPC KOBRASCO NAMISA CBMM [ BUSINES ACTIVITIES ] POSCO DAEWOO INT’L POSCO ICT POSCO E&C

28 1. CSP(Companhia Siderurgica do Pecem)
○ General Overview - Estimated Establishment : Feb. - Location : Pecem in State of Ceara - Capex : U$5 Billion - Capacity : 3 Mil tons/yr (1st phase) - Product : steel slab (Integrated steel mill) - Shareholder composition : Vale 50% / Dongkuk 30% / POSCO 20% ○ Master Schedule Starting construction 2014 2015 2012 2011 2016 9.1. Dedication 2.1. Water Supply 3.1. Commissioning NOW 7.17. piling

29 2. BSPC Steel Service Center
○ General Overview - Establishment : Sep. 2012 - Location : Suzano City in São Paulo - Capacity : 150,000 tons/yr - Facility : Blanking 1 / Slitter 1 / Shear 1 / Mini shear 1 - Shareholder composition : Daewoo 51% Posco 25% / Bluestar 24%

30 3. KOBRASCO Pellet Plant ○ General Overview ○ Production & Sales
- Establishment : Mar. 1996 (Starting operation Oct, 1998) - Investment Purpose : Stable provision of raw material(Pellet) - Location : Vitória in State of Espírito Santo - Capacity : Pellet 5 million tons/yr - Shareholder composition : POSCO 50% / Vale 50% ○ Production & Sales (million tons / R$ million) 2011 2012 2013 1st HALF Production 4.6 4.4 1.6 Sales Amount 168.5 210.0 27.5

31 4. Investment in Mines ○ NAMISA Iron ore mine ○ CBMM Niobium mine
- Establishment : 1955 - Location : Araxa City in State of Minas Gerais - Product : Fe-Nb / Ni-Nb / Nb Oxide / Nb Metal World biggest Nb mine operation & processing - Reserves : 829 million tons - Sales in 2012 : Fe-Nb 65,479 ton(R$3,845 million) - Shareholder composition : Korea-Japan consortium 15% / Moreira Salles Family 85% - Establishment : Mar. 2006 - Location : State of Minas Gerais - Reserves : 521 million tons (Fe 41~53%) - Production in 2012 : 4 million tons - Sales in 2012 : 21.4 million tons - Shareholder composition : CSN 60% / Korea-Japan consortium 40% (POSCO 6.48%)

32 5. Business Activities ○ Daewoo do Brasil ○ POSCO ICT do Brasil
- Establishment : 1980 - Location : Av. Paulista in São Paulo - Business Type : Trading - Main Handling Item : Steel / Steel raw material / Non ferros metal / Automotive parts / Electronics / Chemical - Annual Sales : U$ 450 million - Establishment : 2012 - Location : Centro in São Paulo - Business Type : Engineering & IT service Total solution for manufacturing Railways(PSD, CBTC, Power) - Main Business in Brazil : São Paulo Metro Line 2, 3, 4 PSD CSP Project ○ POSCO Engenharia e Construção do Brasil - Establishment : Fev, 2011 - Location : Pecem, Ceara - Business Type : Construction/Civil Engineering - Main Business : CSP construction

33 Thank You! 33 33


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