Shares purchase agreement
for acquiring XXXX XXX GEOTEC Co., Ltd.
POSCO has entered into a shares purchase agreement with Xxxx Xxxx-do(chairman and the largest shareholder of XXXX XXX GEOTEC Co., Ltd.), Mirae Asset MAPS Investment Management Co., Ltd. and Mirae Asset Venture Investment Co., Ltd. on March 17, 2010. POSCO is planning to acquire 12,345,110 shares of XXXX XXX GEOTEC Co., Ltd. (40.4% stake in the XXXX XXX GEOTEC Co., Ltd.’s outstanding shares) worth KRW 159,251,919,000. The shares purchase agreement will be effective based on resolution of Board of Directors of POSCO and approval for mergers and acquisitions of Fair Trade Commission.
