JANUARY 31, 2011
We welcome and, accept with humility and gratitude, the decision of the Hon’ble Minister of Environment & Forests. We fully appreciate the concerns of different stakeholders on sustainability of environment as well as livelihood of affected people. We are committed to take sustainable green initiatives and effective measures for conserving the land and marine environment of the area. We are also committed to create sustainable livelihood opportunities for the project affected people through implementing R&R package sincerely. As a responsible corporate citizen of India, we will continue to work for the welfare of the local community and, plough back a part of earnings for CSR after the operations commence.

Sd/-
G.W.SUNG
MANAGING DIRECTOR
POSCO INDIA PRIVATE LIMITED