[Seoul, Korea] June 22nd, 2012 - Samsung Engineering Co., Ltd, the first and largest
engineering company in the Republic of Korea, announced they received a letter of
award (LOA) for a carbon black and delayed coker unit (CBDC) from TAKREER
(Abu Dhabi Oil Refining Company). At a value of $2.48 billion USD, it is the eighth order
received in five years from ADNOC, the national oil company of UAE and the parent
company of TAKREER.

The CBDC units will be located in the refining complex in Ruwais, west of Abu Dhabi,
with a capacity of 40,000 tons of carbon black per year and 30,000 barrels of crude oil
a day. Samsung Engineering will be providing project management services for the
engineering, procurement, construction, commissioning processes on a lump-sum
turnkey basis and is scheduled for completion by December 2015.

Samsung Engineering President & CEO Park Ki-Seok remarked, ¡°This award solidifies
Samsung Engineering¡¯s project management and engineering expertise as well as our
strong partnership with TAKREER. We look forward to executing this landmark project
to the highest standards.¡±

This is not the first time ADNOC has entrusted a large scale project to Samsung Engineering.
In 2009, ADNOC awarded the company with not only the Ruwais Refinery Utilities & Offsites
package worth $2.73 billion USD, but also the responsibility to oversee all packages
of the $10 billion USD Ruwais Refinery Expansion as the official interface manager.



Carbon Black : A fine carbon powder used as a pigment, made by burning hydrocarbons in
                        insufficient air.
Delayed Coker : A process by which heavier crude oil fractions can be thermally
                          decomposed under conditions of elevated temperatures and pressure to 
                          produce a mixture of lighter oils and petroleum coke.



About Samsung Engineering Co., Ltd

Samsung Engineering Co., Ltd (SECL) has over 40 years of proven expertise in engineering,
procurement, construction, commissioning, operations, maintenance and project
management of hydrocarbon, industrial, and infrastructure plants and facilities in worldwide
markets. With a global force of over 7,500, Samsung Engineering is an internationally
recognized leader in the engineering industry.
For more information, please visit www.samsungengineering.com