Ferrum Infra Co., Ltd. announced a private placement of 1,454,544 preferred shares at KRW 5,500 per share for gross proceeds of up to KRW 7,999,992,000 on July 22, 2013. The shares will be issued to existing investor Se Kwang Steel Co., Ltd., and other investors Jeal Steel Co., Ltd., The Boo Resources Corporation, Dongkuk Refractories & Steel Co., Ltd., Cheonyoung Steel Co., Ltd., Korea Zinc Co. Ltd., TCC Steel Corp., Hwanyoung Steel Ind.

Co., Ltd., and SeAH Steel Corporation. The investors will subscribe to 90,909 shares, 90,909 shares, 181,818 shares, 181,818 shares, 181,818 shares, 181,818 shares, 181,818 shares, 181,818 shares, and 181,818 shares respectively. The payment date for the transaction will be July 23, 2013.

The transaction was approved by the board of directors of the company.