Name

Turtle Ship No. 6 Ship Investment Company

Classification

Paper company in possession of 1 Korea Coast Guard Ship

* Paper company can own several vessels under the Ship Investment Company Act (Article 13 clause 2)

Establishment

22nd June, 2009

Promoter

Korea Marine Finance Corp.

Public Offering

24th and 25th August, 2009

Underwriter

Daewoo Securities Co., Ltd. & Shinhan Investment Corp.

Duration

6 years after the delivery of the patrol ship

* Repayment of capital: Principal amount scheduled to be repaid in Feb 2012 through reduction of capital.

* Repayment schedule of capital decrease may be subject to change through directors' meeting.

Target Asset

1 patrol ship for Korea Coast Guard (One 3000-ton patrol ship)

Acquisition Price

\56,630,000,000

Profit Sharing

6.0% fixed dividends annually

Structure

• 1. Equity: \5,950,000,000
• 2. Debt: \50,567,491,40
• 3. Guarantee Deposit(Korea Coast Guard): \10,600,000,000

Liquidity

Listed on Korea Exchange

Deferred Payment Sale

Turtle Ship No. 6 Ship Investment Company
(The Turtle ship sold to Korea Coast Guard on a deferred payment basis on delivery)

Ship Builder

Hyundai Heavy Industries Co., Ltd.

Buyer

Korea Coast Guard.