50DN Wells Fargo 24

TIDM50DN

RNS Number : 0363D

Samsung Heavy Industries Co., Ltd

16 March 2011

Entering into Single Sales Contract

Object of Contract: 2 Drillships

Contract Amount: 1,245 billion KRW

Amount of Sales in the Latest Fiscal Year: 13,094.9 billion KRW

Contract Amount relative to Sales: 9.51%

Counterparty: Ship-owner in America

Area of Sales: America

Contract Period: Mar 15, 2011 Sep 30, 2013

Contract Date: Mar 15, 2011

Others

The above contract amount is based on the exchange rate of KRW/USD 1,129.8, the market base rate of contract date

This information is provided by RNS

The company news service from the London Stock Exchange

END

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