STX Pan Ocean Co., Ltd – Initial Listing on the Korea Exchange of up to 343.1 mm shares
Issuer: STX Pan Ocean Co., Ltd ("STX")
Listing Venue of Offering Shares: Korea Exchange only
Indicative Price Range: KRW 1,650 – 1,850 per Ordinary Share (equivalent to a premium / discount of approximately +5.2% / - 6.2% to STX’s SGX-listed shares morning closing price of S$2.86 on September 10, 2007)

Offering Size: Up to 343,096,410 Ordinary Shares, representing a deal size of approximately US$603 - 676 mm (based upon STX’s SGX-listed shares morning closing price of S$2.86 on September 10, 2007)