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POSCO Chemical Anodes Become the First to be Awarded EPD Certificate for Battery Materials

◈ 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

◈ 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