Doosan Infracore Co., Ltd. announced that the Consent Conditions Subsequent as set out in the Consent Solicitation Memorandum with respect to its USD 300,000,000 2.25% Guaranteed Senior Unsecured Notes due 2022 unconditionally and irrevocably guaranteed by the Korea Development Bank and USD 300,000,000 1.000% Guaranteed Senior Unsecured Notes due 2023 unconditionally and irrevocably guaranteed by the Korea Development Bank (collectively, the Notes) are expected to be satisfied on 1 July 2021. The company further expects that 1 July 2021 shall be the Amendment Effective Date of the Proposed Amendments and Waivers with respect to each Series of Notes. The implementation of the Extraordinary Resolutions of each Series of Notes and the payment of the Consent Fee and Ineligible Holder Payment in respect of each Series of Notes is conditional on (i) the satisfaction (or waiver) of the Consent Conditions Subsequent and (ii) the making of the Consent Conditions Subsequent Announcement by the Issuer and otherwise as set out in the Consent Solicitation Memorandum. The full terms and conditions of the Consent Solicitations are contained in the consent solicitation memorandum dated 22 March 2021 prepared by the Issuer (as supplemented by an announcement in relation to the extension of the Consent Fee Deadline and Ineligible Holder Instruction Deadline dated 2 April 2021 and an announcement in relation to the extension of the Voting Deadline dated 8 April 2021) (together, the Consent Solicitation Memorandum). The Consent Conditions Subsequent are expected to be satisfied as of 1 July 2021, (ii) the Issuer expects to proceed with the Merger and implement the Extraordinary Resolutions, (iii) the Supplemental Agency Agreement and Deed of Confirmation in respect of each Series are expected to be entered into and the Proposed Amendments and Waivers are expected to become effective as of the Amendment Effective Date which is expected to be 1 July 2021 and (iv) the Issuer shall procure the payment of any Consent Fee or Ineligible Holder Payment on the Payment Date which is expected to be 1 July 2021. The Issuer expects to make a further announcement on 1 July 2021 to confirm whether the Consent Conditions Subsequent are satisfied on 1 July 2021. The Issuer has the right to extend, waive any condition of, amend and/or terminate any Consent Solicitation (other than the terms of the relevant Extraordinary Resolution).