POSCO FUTURE M

- POSCO Chemical is set to secure market-leading technology and quality to rise to the global top-tier in chemicals and secondary cells - Safety at work presented as the highest value equivalent to the lives of employees and their families - Small scale event held under strict preventive measures at Pohang headquarters, and broadcast live to all employees through in-house broadcasting

Will expand the annual cathode output to 100,000 tons - The Gwangyang cathode plant is set to expand the high-nickel NCMA production line for next-generation EVs - Annual production capacity is set to grow by 30,000 tons, and a 100,000-ton production system will be running in 2023 - Investment on next-generation materials to secure a future growth engine and boost competitiveness of customers

◈ Successful financing with a 103% subscription rate, far exceeding the target amount ◈ The largest paid-in capital increase in POSCO’s history with exceptional evaluation by investors for competitive business and growth potential after securing essential raw materials ◈ Investment to increase production capacity to respond to the soaring global demand for secondary cell materials ◈ Aiming to achieve 20% in world market share and 23 trillion won in sales by 2030

The expansion will increase the annual cathode output to 70,000 tons ◈ Construction begins on a new production line for NCMA products used in the next-generation EVs at the Gwangyang cathode plant ◈ Annual production capacity is set to grow by 30,000 tons, and a 70,000-ton production system will be running starting in 2022 ◈ Will secure a future-growth engine by investing in next-generation materials and preparing for new orders

◈ Invested 217.7 billion won to build an artificial graphite anode plant ◈ POSCO CEO Choi Jeong-woo said, “The plant realizes Korea’s goal of becoming an industrial powerhouse, secures competitiveness of battery sector, and is an important breakthrough for the future growth of the group.” ◈ Domestic production of battery materials set to strengthen competitiveness in the battery industry ◈ Successful localization of key battery materials that extend battery life and enable faster charging

◈ POSCO Chemical to supply cathodes worth 1.8533 trillion won for three years starting in 2020 ◈ The company is to accelerate entry into the EV battery materials market with high-nickel cathodes ◈ The close partnership will help secure a stable supply of essential materials and take the business to new heights

- The output has increased by 20,000 with the completion of phase 1 construction of its second anode plant; a production system of 44,000 tons a year has been established - Will expand production capacity in stages up to 76,000 tons a year to become a market leader - Diversified portfolio of artificial graphite and natural anodes with the performance of natural graphite will help with a strategic response to market change

- Passed the fast track for blue-chip companies, with the switch to be completed this month - Expected to secure a stable investment environment to promote new businesses

- New name expected to signify future-oriented thinking and enhance brand value - Transfer to KOSPI will be decided in a shareholder’s meeting - Integrated cathode and anode businesses will accelerate growth in the new energy materials business