Mr. Duk-Soo Kang Chairman STX Group Mr. Hyuk-Jong Yeoh CEO/President STX Heavy Industries Mr. Dae-Yoo Kim President STX Corporation

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1 STX Business Group STX Business Group Executives: Mr. Duk-Soo Kang Chairman STX Group Mr. Hyuk-Jong Yeoh CEO/President STX Heavy Industries Mr. Dae-Yoo Kim President STX Corporation Mr. Dong-Hwan Oh Assistant VP Head of Business Development Department STX Corporation Chief of Chairman s Office Mr. Jae-Seung Lee Assistant Manager Chairman s Office

2 Duk-soo Kang Chairman, STX Business Group B.A. Degree in Business Administration, Myongji University Certificate of Global Leadership Program, Seoul National University Graduate School of International Studies Honorary Doctorate in Business Administration from Changwon National University Entering Ssangyong Corporation President of Ssangyong Heavy Industries Co., Ltd. President of STX Corporation President of STX Pan Ocean / STX Shipbuilding / STX Engine / STX Energy Co., Ltd. Present: Chairman of STX Business Group Positions of responsibility outside STX Group: Member, Changwon / Daegu Chamber of Commerce & Industry Director, Association of Machinery Industry Advisor, Council on Democratic & Peaceful Unification Vice-chairman, Shipowners Associaton Director, Shipbuilders Association Vice-chairman, The Federation of n Industries Awards: Silver Tower Order of Industrial Service Merit (n Government) Grand Prize of Global CEO (Japan Management Association Consulting) The Five Hundred Million Export Tower Prize (n Ministry of Commerce, Industry and Energy / n International Trade Association) Best CEO of the Year 2005 (Changwon City) Grand Prize, n Ocean Awards, 2007 (Marine Industry & Technology Organization) Personality of the Year, Seatrade ASIA Awards 2008 Shipping Industry Entrepreneur of the Year, Ernst&Young 2008

3 Yeoh Hyuk-jong President & CEO, STX Heavy Industries Feb : Boseong High School Feb : Bachelor of Mech. Engineering, Seoul National University Jun Present: President & CEO, STX Heavy Industries Co., Ltd. Jun May 2009: Company: STX Energy Co., Ltd. Positions: President & CEO, Jan May President, Jun Dec Nov May 2008 Company: S-Oil Co., Ltd. Positions: President, Mar May 2008 Executive Vice President, Dec Mar Vice President, Aug Dec Chief Executive Manager, Nov Aug Joined in S-Oil Co., Ltd., Nov Awards: Winner of Minister of Patriots and Veterans Affairs award. 1st place winner of peaceful arbitration between the management and the union ward in Ulsan. Complete Advanced Management Program of Seoul National University Business School. Complete Advanced Learning Program of Seoul National University Law School.

4 Dae-Yoo Kim President, STX Corporation 1978: Bachelor degree in engineering from Hanyang University, Seoul. Dae-Yoo Kim has joined STX Corporation in Jan and is currently the President and the Executive Director of the Company He previously served as the President and the CEO of STX Pan Ocean from Nov to Dec. He started his career with SsangYong Corporation in 1981 where he was a director and general manager of the Coal/Oil/Energy business. His lastly held position in Ssangyong Corporation was the President of Ssangyong (USA) Inc., a local incorporation in USA, from Jan to Feb In July, 2003, he joined STX Corporation and served as the Senior Managing Director and the Vice President of Business Development Division until Oct

5 STX Corporation STX Corporation is a South n holding company engaged in the provision of trading services. Headquartered in Gyeongsangnamdo, South, the Company operates its business through two divisions: trade and ship maintenance. Its trade business division provides shipping and energy materials, coal, oil, steel and others. Its ship maintenance business offers cargo management, marine technical, insurance, crew management and other related services. The Company had four local subsidiaries including STX Offshore & Shipbuilding, STX Engine, STX Heavy Industries, STX PanOcean and STX Energy. STX Offshore & Shipbuilding is the world's fourth largest shipbuilder, recently acquired Norwegian Shipbuilder Aker Yards in order to diversify their productline. Akeryards, as the Europe's largest shipbuilder, had technical background in Cruiseship building. The STX group, formerly Ssangyong Heavy Industries, recently had an IPO of STX PanOcean. The IPO gave the group a substantial amount of cash to acquire Aker Yards.

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