□ Korea Eximbank (,ChairmanDongsooKim) announced on November 9ththat the Bank will provide the Korea National Oil Corporation (CEO, Youngwon Kang) with one billion dollars in support so that the KNOC can actively pursue natural resource development such as the purchase of overseas mines and shares of mining corporations.

□ The Bank provided the USD 1 billion line of credit in hopes that KNOC will be able to produce 300,000 barrels of petroleum a day and become one of the top 50 natural resource development companies by 2012.

※ Current daily petroleum production as of October ‘09: 70,000 barrels

□ Currently, KNOC is overseeing exploration, development, and production of 46 mining concessions in 18 countries. In line with the government's goal of reaching a 18.1% rate of self-production for petroleum and gas by 2016, KNOC is vigorously working towards expanding resource development operations in addition to purchasing mining concessions overseas.

* Self-Production Rate: the rate of resources produced by Korean companies in overseas mines.

□ According to a representative of Korea Eximbank, "We have continued to actively support the efforts of KNOC in developing overseas resources. For example, we have assisted in the acquisition of the Peruvian oil corporation, Petro-Tech, and supported oil field exploration and development in Columbia. We hope this latest support agreement will enhance strategic cooperation with NOC and promote overseas natural resource development."