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POSCO Chemical to supply essential battery materials, cathodes and anodes, to Ultium Cells, and enter the global market in earnest

- POSCO Chemical to supply essential battery materials, cathodes and anodes, to Ultium Cells, and enter the global market in earnest - Developed proprietary anodes with low-volume expansion for GM EV batteries with longer life and rapid charging - Backed by the support of POSCO Group, synergy is expected from the integration of separate businesses, and R&D to obtain visible results in the secondary cell sector - Will accelerate growth with differentiated competitiveness by developing market-leading products and securing a value chain for raw materials

- POSCO Chemical is set to secure market-leading technology and quality to rise to the global top-tier in chemicals and secondary cells - Safety at work presented as the highest value equivalent to the lives of employees and their families - Small scale event held under strict preventive measures at Pohang headquarters, and broadcast live to all employees through in-house broadcasting

Will expand the annual cathode output to 100,000 tons - The Gwangyang cathode plant is set to expand the high-nickel NCMA production line for next-generation EVs - Annual production capacity is set to grow by 30,000 tons, and a 100,000-ton production system will be running in 2023 - Investment on next-generation materials to secure a future growth engine and boost competitiveness of customers

◈ 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

The expansion will increase the annual cathode output to 70,000 tons ◈ Construction begins on a new production line for NCMA products used in the next-generation EVs at the Gwangyang cathode plant ◈ Annual production capacity is set to grow by 30,000 tons, and a 70,000-ton production system will be running starting in 2022 ◈ Will secure a future-growth engine by investing in next-generation materials and preparing for new orders

◈ Invested 217.7 billion won to build an artificial graphite anode plant ◈ POSCO CEO Choi Jeong-woo said, “The plant realizes Korea’s goal of becoming an industrial powerhouse, secures competitiveness of battery sector, and is an important breakthrough for the future growth of the group.” ◈ Domestic production of battery materials set to strengthen competitiveness in the battery industry ◈ Successful localization of key battery materials that extend battery life and enable faster charging

Min Kyung-zoon, president of POSCO Chemical, is posing with players from its parasports team

Signing ceremony

Agreement between POSCO Chemical and OCI on establishing a joint venture for hydrogen peroxide production, Feb 21, 2020