January 16, 2014
Re : Invitation to propose agenda items of AGM 1/2014 and to nominate a candidate to be elected as Director of the Company
To : Director and Manager
The Stock Exchange of Thailand
We, POSCO-Thainox Public Company Limited (the "Company") appreciate the importance of the right of shareholders to be equally treated in accordance with recommended best practices per "The Principles of Good Corporate Governance for Listed Companies". It has been recommended that the Company should open doors to facilitate minority shareholders to propose agenda items and to nominate a qualified person to be elected as Director in advance for the Annual General Shareholders' Meeting ("AGM"). The Company has decided to implement this recommendation for the upcoming AGM and accordingly, the Board of Directors has established the criteria and procedures to implement this practice to allow minority shareholders to propose agenda items for the upcoming AGM and to nominate a qualified person to be elected as Director.
Shareholders can propose agenda items as well as nominate a candidate to be elected as Director in the upcoming AGM (expected to be held in April 2014) from now onwards untilJanuary 31, 2014 to reach the Company. The criteria and procedures for shareholders to propose agenda items and for nomination of candidates to be elected as a Director are provided on the Company's website at
http://www.poscothainox.com/investor_th.html
Pleased be informed accordingly.
Sincerely Yours,
(Mr.Yeong Hwan Han) Director

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