50DN Wells Fargo 24

TIDM50DN

RNS Number : 5272H

Samsung Heavy Industries Co., Ltd

31 May 2011

Entering into Single Sales Contract

Object of Contract: 1 FLNG Facility(LNG FPSO)

Contract Amount: 3,275 billion KRW

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

Contract Amount relative to Sales: 25.1%

Counterparty: Shell Development(Australia) Pty Ltd

Area of Sales: Oceania

Contract Period: Jun. 1, 2011 Sept. 30, 2016

Contract Date: May 30, 2011

Others

This disclosure is a revised version according to the confirmation of contract price and NTP(Notice to Proceed)

The above contract amount includes Topside and Hullside which was already released on Apr.15. 2010.

The Contract Period and Contract Date are based on NTP issue date and Novation agreement.

The above KRW Contract Amount is based on the exchange rate of KRW/USD 1082.2, the market base rate of NTP Issue date, May 30. 2011.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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