SBV revises Establishment and Operation License of Industrial Bank of Korea - Ho Chi Minh City Branch

Accordingly, the SBV revises License No. 04/GP-NHNN dated January 9th, 2008 granted to the Industrial Bank of Korea - Ho Chi Minh City Branch, to read as follows:

Full-name in Vietnamese: Ngân hàng Industrial Bank of Korea - Chi nhánh thành phố Hồ Chí Minh;

Full-name in English: Industrial Bank of Korea - Ho Chi Minh City Branch;

Abbreviation in English: IKB HCM.

Head office address of the Industrial Bank of Korea - Ho Chi Minh City Branch: Suite No. 604, 6th Floor, Diamond Plaza Building, No. 34 Le Duan Street, District 1, Ho Chi Minh City.

The charter capital: 125,000,000 USD;

The operational duration of the Industrial Bank of Korea - Ho Chi Minh City Branch is 99 years, starting from January 8th, 2008.

The Industrial Bank of Korea - Ho Chi Minh City Branch is permitted to perform the operations of a commercial bank in accordance with the laws, and the SBV’s regulations, including the following activities:

(i) Receiving time and demand deposits, savings and other deposits;

(ii) Extending credit in such forms as lending, discounting and rediscounting of negotiable instruments and other valuable papers; bank guarantees; issuing credit cards, domestic factoring;

(iii) Opening payment accounts;

(iv) Providing payment services in the domestic market: providing payment methods; performing services of payment by cheque, payment orders, encashment orders, letters of credit, bank cards, cash in and cash out;

(v) Opening accounts: Opening accounts at the SBV, other credit institutions and foreign banks’ branches;

(vi) Internal payment, participating in the national inter-bank payment system;

(vii) Providing services of cash management, banking and finance consultancy, asset preservation and safe keeping;

(viii) Providing consultancy services in the fields of corporate finance, M&A, and investment;

(ix) Participating in the biddings for the State Treasury bills, and the trading of negotiable instruments, the Government bonds, the SBV bills and other valuable papers in the money market;

(x) Issuing certificates of deposits, promissory notes, bills and bonds to mobilize capital in accordance with the Law on Credit Institutions, the Securities Law, the Government regulations and the SBV’s guidance;

(xi) Borrowing from the SBV in the form of refinancing under the Law on the State Bank of Vietnam and the SBV’s guidance;

(xii) Borrowing, lending, depositing and receiving deposits of other credit institutions, foreign banks’ branches, domestic and international financial institutions in line with the applicable laws and the SBV’s guidance;

(xiii) Being a trustee and/or a trustor, acting as an agent in relation to banking operations, insurance and asset management in line with the applicable laws and the SBV’s guidance;

(xiv) Trading and providing foreign exchange services in the domestic market and in the international market within the scope prescribed by the SBV.

During the operational duration, the Industrial Bank of Korea - Ho Chi Minh City Branch must comply with the applicable laws of Vietnam.

This License takes effect from the date of signing and is an integral part of License No. 04/GP-NHNN dated January 9th, 2008 and shall be accompanied by the relevant approval documents for the amendments and supplementations of the License granted to the Industrial Bank of Korea - Ho Chi Minh City Branch.

VA