STX PAN OCEAN CO., LTD.

________________________________________________________________________ APPROVAL ON THE REHABILITATION PLAN ________________________________________________________________________

1. Date 2. Competent Court 2013-11-22 Seoul Central District Court STX Pan Ocean Co., Ltd. (the Company) submitted the rehabilitation plan to the Seoul Central District Court on 25th October 2013, and submitted the revised plan on 18th November 2013. In the Meeting of Interested Parties for the hearing and resolution on the Companys rehabilitation plan on 22nd November 2013, the resolution of the rehabilitation plan has been approved by the Court upon 100% of agreement from the secured claims creditors and 74.5% of agreement from the unsecured claims creditors. 2013-11-22 - This announcement is the final reply related to the mandatory disclosure(The clarification of Sudden drastic changes in stock prices or trading volumes) which has been released on 17 October 2013. - 2013.6.17Court Ruling on Commencement of the Rehabilitation Procedure 5. Reference - 2013.10.17 Mandatory Disclosure (Response to Request for Inquired Disclosure (Sudden drastic changes Relevant Disclosures in stock prices or trading volumes: Undetermined) -2013.10.25 Submission of Rehabilitation Plan -2013.11.19 Submission of Revised Rehabilitation Plan

3. Reason for Approval

4. Confirm Date (Receipt of Court Approval)

BY ORDER OF THE COMPANY

Lotus Isabella Lim Mei Hua Company Secretary Date: 22 November 2013