SK EC Engineering Construction Content SK Group Overview

SK E&C Engineering & Construction

Content § SK Group Overview § SK E&C’s Strength § Projects in Turkey § Win-win Strategy

SK Group Overview Providing the Most Valuable Solution via SK Group Synergy SK E&C can provide the most valuable solution to clients via SK group synergy consisting of 94 affiliates as the 3 rd seat among Korean Business Group 94 3 rd Affiliates among Korean Business Group $147. 5 B 57 th Group’s Annual Sales in Sales Rank *Source : SK Group Business Report, 2012 Financial Supervisory Service, 2013 Global Fortune 500, 2013

SK Group Overview Major Affiliated Companies Major Subsidiaries Business Area Energy & Chemicals E&P, Refinery, LPG & Gas Supply, Power, Chemicals & Petrochemicals, Life Science [Sales : USD 86 Bil. (56%)] fiscal year 2012 Info, Telecom & Semiconductors Mobile Network Operator, U-City, Satellite Communication, Internet TV, Semiconductor [Sales : USD 38 Bil. (25%)] Marketing & Services Trading, Logistics, Engineering & Construction, Hotel, Securities [Sales : USD 31 Bil. (19%)] Ÿ E&P, Battery, R&D Ÿ Sales : U$ 68. 3 Bil. Ÿ Satellite Communication (Korean Top / Market Share 51%) Ÿ Sales : U$ 15. 9 Bil. Ÿ Oil Refining, LPG, Asphalt Ÿ IT / System Integration Ÿ Sales : U$59. 4 Bil. Ÿ Sales : U$ 1. 7 Bil. Ÿ Trading / Logistics (Developer, Off taker) (Korean Top 5) Ÿ Sales : U$ 27. 5 Bil. Ÿ Semiconductor, memory chip manufacturer Ÿ Sales : U$ 10. 4 Bil. Ÿ Shipping/Logistics Ÿ Sales : U$ 1. 1 Bil. * Affiliate of SK Innovation Ÿ Petrochemical Ÿ Sales : U$18. 3 Bil. Ÿ Engineering, Construction Ÿ Sales : U$ 6. 4 Bil. * Affiliate of SK Innovation Ÿ City Gas, IPP Biz. (Korean Top / Market Share 25%) Ÿ Sales : U$ 4. 5 Bil. Ÿ Website Design Ÿ Communication Ÿ Sales : U$ 262 Mil. Ÿ Marketing Services Ÿ Sales : U$ 653 Mil. Ÿ LPG Marketing & Trading, Import Terminals Ÿ Internet, Telephone, TV Ÿ Sales : U$ 2. 3 Bil. Ÿ Securities Investment Ÿ Sales : U$ 633 Mil. Ÿ Sales : U$ 5. 5 Bil.

SK E&C Overview Future Growth Drivers, and Acceleration of Overseas Expansion 1977 Established 2003 Singori Nuclear Power plant 1984 Started Engineering Biz 2005 FMP Project, Kuwait 1992 Entered Ghanaian and Mexican markets 2006 GC-24 Project, Kuwait 2008 F 1 Auto Racing Track Project 1996 Creation of SUPEX-Cut 1997 Cadereyta Project, Mexico 1999 Madero Project, Mexico 2000 Launched SK VIEW Apartment Brand 2009 UAE Ruwais Refinery AI REEM Island Project MRT Subway Project, Singapore 2010 Manabi FEED Project, Ecuador 2002 Development of Underground LNG Storage Technology Sales Strategic Crude Oil Project, India Yanbu Export Refinery Project, Saudi Arabia Tufanbeyli Power Project, Turkey 2011 WASIT Gas Plant, Saudi Arabia Sentosa Gateway Tunnel and DTL C 930, Singapore PACO Thermal Power Plant, Panama Certified as the Best Eco-friendly Architecture, Korea 2012 Eurasia Tunnel Project, Turkey JAZAN Refinery & Thermal Project, Saudi Arabia Transmission Cable Tunnel NS/EW Project, Singapore kkkkkkkkkkkkkkkkkkkkkkkkk Bosphorus 3 rd Bridge Project, Turkey 225 International Contractor (Unit: Bil. USD) New Order & Backlog (Unit: Bil. USD) ENR Rank: 45 Established : 1977 Resources : 6, 437 persons (’ 12) Sales : US$ 7. 0 billion (’ 12) Backlog : US$ 20 billion (’ 12) Backlog New order

SK E&C Overview Divisions of SK E& C q Oil & Gas Refinery Petrochemical Gas Processing LNG q Power Plant (Gas/Coal/Nuclear Renewable) q Infrastructure Road Tunnel Bridge Underground Harbor q Housing & Building, U-Business Office Residential Multi-Complex Hotel/Resort, Smart City

SK E&C ‘s Global Network Project Offices & Construction Sites SK E&C has offered the best performance and established excellent management capability based on extensive global network of project offices and construction sites Poland • Eurochem PET Plant Turkey • Tufanbeyli Power Plant Eurasia Tunnel • 3 rd Bosphorus Bridge Romania Thailand Mexico Canada • Pitesti Branch • Sriracha Tank Farm • IRPC UHV • Marine TK Terminal • Cyclohexane • No. 1 Aromatics • No. 2 Aromatics • Sulfuric Acid • THPP #3 • Clean Fuel Project • Sour Condensate • PTT Tank Terminal • Rayong Refinery • OCS#4 Upgrading • Mexico City Branch • Petrocanada Insulation CM • Suncor FHSE FEED • Husky RLTP Ph. 1 FEED • FCC Feed HDT • Sulfuric Acid Alkylation Iraq • Daura Refinery BDP Spain • E-Project • Cartagena LBO Project China • ABS Ghana Kuwait • BS-132 / BS-131 • 4 th Gas Train Project (FEED) • KOC GC-24 • KPPC Aromatics • Facilities Modernization Project • GC-15 and BS-130 • MAA Refinery-Reconstruction • ACID GAS Removal (AGRP) • Main Gathering Center Revamping • Elevated Substation Oman • DHDS UAE • Sulfur Handling II • Bab Gas Compression • RRE (Ruwais Refinery Expansion) • RHC Project • PISA Project Yemen • LNG Offsite Saudi Arabia • Jubail Export Refinery (Utility) • Yanbu Export Refinery • Wasit Gas Project • Jazan Refinery • KAPSARC Project Qatar • Dukhan Project • GSUP Project • Doha Metro Red Line North United States India • Mangalore Crude Oil Storage Cavern • Padur Crude Oil Storage Cavern • Surat-Manor Highway Laos • 3 Storage Depots (PPSD) • TOR-CDU Expansion • TOR-RFCC • Cadereyta Refinery • Madero Refinery • SWT • CCR Reformer • MTBE / TAME • SRP • ASU • PET Colombia • Bogotá Branch Panama Vietnam • PACO Coal Fired • NSRP Marin Works Singapore Ecuador • Jurong Aromatics Complex • Quito Branch • DTL-2 C 915 / DTL-3 C 930 • Esmeraldas refinery • Manabi F/S, CEP, BEP Metro • Sentosa Gateway Tunnel • Cable Tunnel EW-2, NS-2 Indonesia • Polyester • 3 rd LBO • MSG • LNG to Bali • Telkom FTTH Australia • Gladstone LNG • Junin CEP, BEP • RFCC Revamp • Laos Xe-Pian Xe-Namnoy Hydroelectric Power Plant Venezuela Brazil • RFCC Revamping Phase I & II Bolivia • Gas Compression Station • Strategic Partner (SKEC Invested) - TWRE in Thailand - SBC in Kuwait • Manufacturing Shop - Pipe Shop in UAE

SK E&C’s Strength SK E&C strives to become a Total Solution Provider Integration and convergence of core competiveness in SK Group deliver full value-chain for business development including EPC service. Development Structure Equity (Sponsor) Debt Financing EPC Contract Right Government, to develop Public enterprise Core Competency by domain of SK Group Main Equip. EPC O&M Feasibility Study § ECA Financing § MLA, Commercial Bank Loans Basic Eng’g EPCProcurement Construction Strategic Partner Fuel/Feedstock Supplier (Group Pkg. Partnership) § Experience as Developer Detail Eng’g O&M Contract - Total Service from Planning to O&M § Equity Injection Financing Arrangement Developer § Project Organizing Planning/ Development § Partnering Structure - Collaboration with Investor, Developer, EPC & Main Equip. Vendor (incl. O&M service) § EPC Core Competency : Cost/Delivery Execution of Global EPC § Connecting point with Supply Chain Commissioning O&M Fuel Supply § O&M Experience § Technical Advisory § Global Operation Networks § E&P Experiences § Stable Fuel /Feedstock supply Group Synergy

Projects in Turkey (1) SK E&C is currently constructing the Eurasia Tunnel Project in Istanbul using a tunnel boring machine (TBM) Eurasia Tunnel Project • Sponsor : SK Affiliates + Yapi Merkezi • Location : Istanbul, Turkey • Length : 14. 6 km (tunnel 5. 4 km / road 9. 2 km) • Period : Mar. 01, 2012 ~ Oct. 31, 2016 • Scope : Investment + Financing + EPC • Features : - Under-sea TBM tunnel • (D: 12. 5 m, shield type) 5. 4 km • - Construction of connection roadway 9. 2 km • - Tollgate and interchange facilities

Projects in Turkey (2) SK E&C is capable of building complex bridges based on various experiences. We started constructing the Bosphorus 3 rd bridge last June. Bosphorus 3 rd Bridge • Client : KGM (Karayolları Genel Müdürlüğü) • Location : Istanbul, Turkey • Period : Jun. 2013 ~ Oct. 2015 • Scope : EPC • Features: - Construction of cable-stayed suspension bridge - Construction of A-shaped concrete tower 321. 9 m height from the shaft level - Total bridge length : 2, 164 m - Main span length : 1, 408 m - Total bridge width : 57. 2 m

Projects in Turkey (3) SK E&C is constructing a lignite fired power plant in Turkey respectively the Tufanbeyli Thermal Power Plant Project since 2011. Tufanbeyli Thermal Power Project • Client : Enerji. SA • Location : Tufanbeyli, Adana, Turkey • Capacity : 450 MW (150 MW x 3) • Fuel : Lignite • Scope : EPC + Financing Arrangement • Period : Mar. 2011 ~ Feb. 2015 • Status : Under Construction • Features : 3 units of CFBC Boilers 3 units of Steam Turbine Generator

Projects in Turkey (4) SK E&C is currently developing a gas fired IPP project in Turkey with a local IPP developer. Buyukefe IPP Power Project • Sponsor : SKE&C, KOSEP, D-Energy • Location : Aydin, Turkey • Capacity : 141 MW • Fuel : Natural Gas • Scope : Investment, EPC & O&M • Period : Construction( 2014 ~ 2016) Operation (45 years after COD ) • Status : Under Financing • Features : 2 units of Gas Turbine Generator 2 units of Heat Recovery Steam Generators (HRSG) 1 unit of Steam Turbine Generator

Win-win Strategy Business Opportunity • Focusing in Turkish Market • Expanding to Neighboring Country Create Synergy SK E&C’s Value Turkish Contractor’s Strength • Price Competitiveness • Long-term Partnership • Global Experience in Project Development and EPC • Reliable Quality & Advanced Technology • Delivery of Competitive Financing Package • Good Market Knowledge • Sufficient local contents • Wide Network

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