Debt - Listing Confirmation::US$440,000,000 2.5% Notes due 2025

1. The Notes will be listed and quoted in the Bonds Market with effect from 9.00 a.m., Monday, 20 January 2020.

2. (I) The short name of the Notes is POSCO n2.5%250117A and the ISIN code is US693483AH25.

(II) The short name of the Notes is POSCO n2.5%250117R and the ISIN code is USY70750BV85.

The letter 'R' denotes that trading of the Notes issued under Regulation S. The letter 'A' denotes that trading of the Notes issued under Rule 144A.

3. The Notes will be quoted and traded in United States Dollars ( US$ ). The Notes will be in denominations of US$200,000 and integral multiples of US$1,000. The Notes will be traded in a minimum board lot size of US$200,000.

4. The issue date of the Notes is 17 January 2020.

5. The name and address of the Principal Paying Agent is as follows: -

Citibank, N.A., London Branch
1 North Wall Quay
Dublin 1
Ireland

6. The Joint Lead Managers and Bookrunners of the Notes are BNP Paribas, Citigroup Global Markets Inc., The Hongkong and Shanghai Banking Corporation Limited, Merrill Lynch International and Standard Chartered Bank.

7. Please refer to the Issuer's offering documents for complete details before trading.