1. HYUNDAI CORPORATION Global Business Organizer May 13, 2009 Presented by : Noh, Young Don / President & CEO

2. 2

3. l. Overview of Global Industry 3

4. 1. Market Status World Contracting CGT 4 Global Financial Crisis Decrease in Cargo Transportation Recession in Shipping/Shipbuilding Market Baltic Dry Index 90 80 70 60 50 40 30 20 ‘04 Million CGT ‘97 ‘98‘99‘00‘01 ‘02‘03‘05 ‘06‘07’08‘96 10 9,000 8,000 7,000 6,000 5,000 4,000 3,000 2,000 BDI Index 1,000 10,000 11,000 ’09 90 Mil 11,793 45 Mil

5. Shipowner’s Financing Difficulties Ship Builder’s Difficulties ● Cancellation of the Order ● Delay of Payment Global Financial Crisis Money [ BANK ] 2. Impacts of Financial Crisis 5

6. ll. Shipbuilding in Korea 6

7. Source: SERI world Industry Report (2008) ` 59.6% 40.4% New Orders Received 36.1% 63.9% Backlog Orders 7 1. Market Share : Order/Backlog ▪ USD 43.1 Billion (10% of Total Export in Korea) ▪ 507 Vessels Delivered in 2008 ▪ Over 110,000 employees in Shipbuilding Korea Others

8. 2. Top Ten Shipyards in the World Rank ShipyardCountry Production Output in 2008 No. CGT (1,000) DWT (1,000) 1Hyundai H.IKorea 96 3,777 8,968 2Samsung H.I.Korea 51 2,470 5,257 3Daewoo SBKorea 41 2,361 5,536 4Hyundai MipoKorea 70 1,543 2,896 5STX Shipbuild.Korea 49 1,144 2,642 6Hyundai SamhoKorea 28 1,084 3,538 7 Dalian Shipbld. Ind. China31797 2,576 8 Jiangnan Changxing China 4 112 628 9 Jiangsu Rongsheng China 5 97 376 10Sungdong S.B.Korea 17 328 1,108 Source: Clarkson World Shipyard Monitor, April 2009 Note: Based on CGT(Compensated Gross Tonnage) 8 - Seven Korean shipyards rank on the list

9. KoreaJapanChina DesignBasic Design100 85 Production Design1009565 ProductionCutting and Welding100 80 Outfitting and Assembly100 70 ManagementProduction Management100 60 Human Resource Management100 65 Source: Korea Institute for Industrial Economics and Trade 3. Comparison of Shipbuilding Technology 9

10. lII. Shipping in Kazakhstan 10

11. 1. Oil Production and Transportation in the Caspian Sea 20102015 Oil Production Kazakhstan100144 Azerbaijan6757 Total167201 Oil Transportation Pipeline137155 Caspian Sea3046 Source: Energy Security in Caspian Basin (2005) 11 (Million tonnes)

12. (Number of Vessel) 2. Major Shipping Companies in the Caspian Sea Offshore vessel (Tug, AHTS, Supply vessel) excluded Source: Consultant Estimates, Kazakhstan Ship Repair Yard (Nico-Kazmortransflot) CompanyTankers General Cargo OthersTotal Kaspar (Azerbaijan) 4126976 Khazar (Iran) 410014 KMTF (Kazakhstan) 6006 Total5136996 12

13. 3. Grounds for Developing Shipbuilding Industry Caspian Sea Development of Related Industry Ship Repairing Yard for own fleet Huge Demand for Oil / Gas Transportation 1 2 3 13

14. IV. Mutual Cooperation 14

15. 1. Motivation for Cooperation 1) Why Kazakhstan ? 15 Proactive Response to Ever-changing Market Needs for Searching New Market (Caspian Sea) Diversifying Market Portfolio

16. Moving faster In Shipping Industry Growing Logistic Demand Necessity For Ship-repair & New-building yard 2) Why Korea ? 16

17. Supply of Newbuilding Vessel 2. Fields of Cooperation Design / Technology Expertise Financing Support Consulting For Shipyard Construction 17 COOPERATION

18. 3. Prospectives for the Long term Cooperation Collaboration between Two Fast-growing Nations 18 Supporting with World Best Shipbuilding Technology Multi-layered Partnership

19. 19 MOU SIGNED

20. 20