The proposal for the merger between Cheil Industries and Samsung C&T was approved today at the Extraordinary General Meetings of both companies. We would like to sincerely thank our shareholders for their support.

We look forward to successfully completing the transaction by September 1, 2015.

Through this merger, Cheil Industries and Samsung C&T will secure new momentum for sustainable future growth. We will enhance the value of the merged company to meet the expectations of our shareholders by maximizing synergies from the strengths of the two companies.

We will listen to those who opposed the deal and pledge to better engage with our shareholders and be more open to their input and feedback.

We will implement initiatives we have announced aimed at enhancing shareholder value. We will also work toward achieving global excellence in our business and expanding the benefits with society.

We promise to put top priority on enhancing the value of our Company for shareholders, and to become a Company that is loved by our shareholders, customers and society. We would like to, once again, sincerely thank our shareholders.

Cheil Industries CEO Yoon Joo Hwa

Cheil Industries CEO Kim Bong Yung

Samsung C&T CEO Choi Chi Hun

Samsung C&T CEO Kim Shin

distributed by