NKG: Resolution on additional issue

Nam Kim Steel Joint Stock Company has announced AGM’s resolution by consulting shareholders in writing as follows:

Article 1: Approving a new share issue based plans:

-         Charter capital before issuing: VND299,000,000,000

-         Number of shares before issuing: 29,900,000 shares

-         Issue volume: 30,100,000 shares

-         Par value: 10,000 dongs / share

-         Stock type: common share

-         Total value issue: VND301,000,000,000

-         Issue date: expected in Quarter 4/2012

-         Charter capital after issuing: VND600,000,000,000

-         Objects: existing shareholders, staffs, strategic partners

-         Trading method

No.	Objects	Number of shares	Trading method
1	Existing shareholders	14,950,000	Exercise ratio: 2:1 (Holders of the Company’s common stock as on the record date will be entitled to receive one right per share. 02 rights will entitle its holder to purchase 1 share).
2	Staffs	200,000	AGM authorized Board of Director to implement
3	Strategic partners	14,950,000	A private placement under 100 investors. AGM authorized Board of Director to implement
	Total	30,100,000

-         Issue price:

+         Issue price to existing shareholders: VND10,000/share

+         Issue price to Staffs: VND10,000/share

+         Issue price to strategic partners: AGM authorized Board of Director to decide at a price not less than the price offered to the existing shareholders.

+         Principle for transfer: shares will be issue to strategic partners which are not transferred in one year.

-          Purpose:  additional current capital

-          Plan for fractional and undistributed shares:

+         The distributed shares will be rounded down.

-          The undistributed shares (if any) and fractional parts will be offered to existing shareholders, staffs by the Board of Directors at a price not less than the price offered to the existing shareholders.

-          The undistributed shares (if any) for strategic partners will be canceled.

      For example, if shareholder A owns 1,051 shares at the record date, he will receive: 1,051x1/2 = 525.5 shares. However, because of rounding down, he will receive only 525 new shares.

Article 2: Approving to register and list additional shares on Hose

Article 3: AGM authorized the Board of Directors to implement necessary procedures to complete the issue and register new charter capital.

Article 4: The resolution is valid as from September 15, 2012.

HOSE

>   SHP: Results of seasoned issue (18/09/2012)

>   HHS: Increasing charter capital (18/09/2012)

>   NHS: Receiving a certificate for an additional issuance of stock (17/09/2012)

>   BTT: Notice of a bonus share issuance (14/09/2012)

>   CMV: Resolution on a bonus share issuance (11/09/2012)

>   CCI: Information on the company's charter changed for the third time and its audited report on the capital contributon of shareholders as on August 16, 2012 (11/09/2012)

>   VCG: Recovering capital from subsidiaries (11/09/2012)

>   Sacombank-SBS: Financial statements and capital adequacy ratio and owner's equity for the first 6 months (10/09/2012)

>   INN: Notice of record date for share issue to outstanding shareholders (31/08/2012)

>   SCR: Result of bonus share issue (31/08/2012)