□ Aims to capture new business opportunities in fast growing industries to become a global

business partner that offers a full-range of products and services, generating 60 trillion won

in annual revenue by 2020.

□ Creates the new third pillar of the Samsung group, complementing the electronics and

financial services business and establishing another growth engine.

□ Establishes Governance and CSR committees to enhance the new company's

governance policies for the benefit of shareholders and to strengthen the company's

CSR efforts.

SEOUL, Korea, August 31, 2015 - Samsung C&T Corporation ('Samsung C&T') and Cheil Industries are pleased to announce the completion of the merger. The combined company will officially become the new integrated Samsung C&T on September 1.

With its new vision of "Global Business Partner & Lifestyle Innovator", the new Samsung C&T will maximize the synergies of the merged entities by integrating strategic strengths and executing a growth strategy that can effectively leverage the core competencies of the two companies. The combined company aims to become a global leading business partner and generate 60 trillion won in annual revenue by 2020 by offering a full-range of products and services.

The new Samsung C&T will become a new third pillar of the Samsung group, complementing the electronics and financial services business and establishing another growth engine in biotechnology, fashion and food services. The combined company will own 51.2 percent of Samsung BioLogics, the Samsung group's biopharmaceutical business.

The new Samsung C&T will consist of four business groups: 1) Engineering & Construction; 2) Trading & Investment; 3) Fashion; and 4) Resort & Construction, with President and CEO Choi Chi Hun(Engineering & Construction), Yoon Ju Hwa(Fashion), Kim Shin(Trading & Investment), and Kim Bong Yung(Resort & Construction) as the heads of the respective groups. New enterprise-wide units will be formed and a synergy committee for the four CEOs will generate cross-business benefits and ensure transparency and open communication.

A key objective for Samsung C&T is to enhance shareholder value and fulfill its social responsibilities across the global markets in which it operates. Governance and CSR committees will be established to enhance the new company's governance policies for the benefit of shareholders and to strengthen the company's CSR efforts.

On September 2, the new Samsung C&T will hold its first board meeting to vote on a variety of issues such as appointment of the President and CEOs and the formation of the Governance and CSR committees, and hold an official launch event with the Board members and employees of the new Samsung C&T.

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