Samsung C&T Corp SAMS Regarding Press Release

  Samsung C&T Corp (SAMS) - Regarding Press Release

RNS Number : 0093P
Samsung C&T Corporation
18 October 2012


Regarding Press  Release  Concerning  the  Speculation  on  the  Execution  of 
theAbbot Point Port T3 Terminal Project Construction Contract



Regarding the press release on the Contract for Abbot Point Port T3 Terminal
project in Australia, Samsung C&T confirms signing an Early Contractor
Involvement (ECI) Contract on the 17th of October, 2012 with Hancock Coal
Infrastructure Pty Ltd., an affiliate of India's GVK.



There has been no confirmed contract price or contract date at this point, but
there will be another public notification within one month of this press
release or after Samsung C&T is selected as the construction contractor.



* ECI(Early Contractor Involvement):

ECI is a bidding method used in Australia to work out the construction plans
and costs before actual construction contract is awarded.

- Samsung C&T has formed a Joint Venture (J/V) with the Australian Company,
Smithbridge Group Pty Ltd. and Samsung has exclusively signed an ECI Contract.



* Abbot Point Port T3 Terminal Project:

The project  plan is  to build  a coal  export port  facility with  an  annual 
processing capacity of  60 million tons  at Abbot Point  in Queensland,  about 
1,000km north of Brisbane.

                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


MSCEAFEPFEEAFFF -0- Oct/18/2012 11:04 GMT