50DN Wells Fargo 24

RNS Number:5978K
Samsung Heavy Industries Co., Ltd
24 December 2007


Subject : Entering into Single Sales Contract


1. Type of product                      2 Drillships

2. Contract Amount                      1,192billion KRW

3. The Other party to the Contract      Shipbuyer in Africa and America

4. Contract Period                      December 24, 2007 May 31, 2011

5. Contract Date                        December 24, 2007

6. Others                               The above amount is based on the exchange
                                        rate of KRW/USD 943.8, the market base rate
                                        of contract date.


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

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