(a) Business approval and public notice - Business name: A project approval and public notice - A Bogeumjari Housing District Development Project: A public notice given by the Ministry of Land, Transport and Maritime Affairs on October 14, 2008, E publicly notified by the Ministry of Land, Transport and Maritime Affairs on October 1, 2009 - A project operator: A defendant;

B. The Central Land Tribunal’s ruling of expropriation on May 13, 201 - The subject of expropriation: 247 square meters of G forest in Gyeyang-gu, Seoyang-gu, the Plaintiff owned, 268 square meters of H forest owned by the Plaintiff, 331 square meters of I forest owned by the Plaintiff C (a single co-ownership of 265/331) and 119 square meters of J forest (hereinafter “instant land”) in sequence - The expropriation compensation amount is as listed below:

Plaintiff

A Price per 9,00 square meters of forest land A with 90 square meters of land A subject to expropriation: 49,410,000 won of forest land 1,893,000 won of 157 square meters of land - 297,201,000 won of land - 346,611,000 won of forest land B KRW 268 square meters of land B of this case - 181,141,200 won of forest land 268 square meters of land B of this case - 320 square meters of forest land C of this case (joint land portion 265/331) 675,900 won of 173,161,000 won of 11,852,950 won of 16,318,270 won of land of this case; - 1,501,506,750,751,200 won of forest land of this case.

C. The Central Land Tribunal’s ruling on October 28, 201 – The content of the ruling: Plaintiff A and B’s filing an objection is dismissed. The Plaintiff’s compensation against the Plaintiff C is an amount of compensation per square meter of the land of this case (265/331) 320 square meters of land (675,900 won) (173,161,00 won) 11 square meter of land of this case (173,162,200 won) 16,39,730 won of land of this case, KRW 419 square meters of land of this case, KRW 516,90,90 won, KRW 61,511,100 - 251,071,910 - 910 won: An appraisal corporation and appraisal corporation’s appraisal results, together with the Plaintiff’s appraisal appraiser and appraisal appraiser of this case.