50DN Wells Fargo 24

TIDM50DN

RNS Number : 1832G

Samsung Heavy Industries Co., Ltd

09 May 2011

Entering into Single Sales Contract

Object of Contract: 1 FPSO

Contract Amount: 690.6 billion KRW

Amount of Sales in the Latest Fiscal Year: 13,053.9 billion KRW

Contract Amount relative to Sales: 5.29%

Counterparty: Ship-owner in Oceania

Area of Sales: Oceania

Contract Period: May 9, 2011 July 15, 2013

Contract Date: May 9, 2011

Others

The above contract amount is based on the exchange rate of KRW/USD 1,085 , 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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