50DN Wells Fargo 24

TIDM50DN

RNS Number : 8512J

Samsung Heavy Industries Co., Ltd

06 July 2011

Entering into Single Sales Contract

Object of Contract: 2 Drillships

Contract Amount: 1,194 billion KRW

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

Contract Amount relative to Sales: 9.15%

Counterparty: Ship-owner in Europe

Area of Sales: Europe

Contract Period: July 5, 2011 July 31, 2014

Contract Date: July 5, 2011

Others

The above contract amount is based on the exchange rate of KRW/USD 1,063.8 , 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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