Posco Chemical : Conclusion of Single SalesContract or Supply Contract

Conclusion of Single Sales Contract or Supply Contract

1. Type of sales or supply contract	Supply of goods
- Name of contract concluded	Conclusion of High-Ni NCM Cathode material supply contract for EV
2. Details of contract	Contract amount (KRW)	13,769,666,791,218
Sales of the latest fiscal year (KRW)	1,989,542,181,862
Ratio to sales (%)	692.1
Classified as a large-sized corporation?	Yes
3. Counterparty to contract	General Motors
- Relationship to company	-
4. Regions of sales or supply (markets served)	U.S.
5. Contract period	Start date	2023-01-01
End date	2025-12-31
6. Terms and conditions of contract	-
7. Effective date of contract (receipt of orders)	2022-07-28
8. Withholding of disclosure	Reasons for withholding disclosure	-
Withholding period	-
9. Other matters to be factored into investment decisions
- The contract amount in '2. Details of contract' is based on US dollar, and the total amount is 10,779,869,880 USD - The contract amount in '2. Details of contract' is calculated based on the agreed volume with applied exchange rate, and the applied exchange rate is 1,277.35/1USD(Average exchange rate of June, 2022). The actual contract amount may differ due to changes of exchange rate - The contract amount in '2. Details of contract' is calculated based on sales volume on the Agreement with provisional processing cost and average cathode price of June, 2022. The actual contract amount may differ after the final agreement is made due to changes of price fluctuation of major raw materials and processing cost - The '3. Counterparty to contract' is General Motors in U.S. and the final cathode user will be Ultium Cells - The Sales of the latest fiscal year in '2 Details of contact' is based on consolidated financial statement at the end of 2021 of POSCO CHEMICAL
※ Related disclosure	-