News Release

September 28, 2011 Tsukishima Kikai Co., Ltd.

POSCO Awards Steam Tube Dryer Contract to Tsukishima Kikai

Tsukishima Kikai Co., Ltd. (President & CEO: Kazuhiko Yamada) announced today that it has received an order for a steam tube dryer from POSCO, one of Koreas leading blast furnace steel manufacturers. The equipment is to be installed in the coal humidity controlling equipment for a FINEX furnace. Steam tube dryers constitute one of Tsukishima Kikais major product lines, and the company has delivered more than 500 units to various types of customers around the world. Tsukishima Kikai holds a large share of the global market for steam tube dryers, which are used in the manufacture of highly purified terephthalic acid, and the company has recently been promoting their deployment in the iron and steel industries, and others in order to expand their scope of application. POSCOs FINEX is a new type of process that has achieved serious cost reductions in comparison to conventional blast furnaces. This new process does not require a coke oven etc., instead utilizing steam coals, which have the lowest cost among the reduction materials utilized in the iron-manufacturing process. The implementation of our steam tube dryer allows the moisture of the steam coals to be regulated in the pre-drying process, thus contributing to further improvement of productivity as well as energy savings. Steam tube dryers for coal humidity controllers used in the manufacture of high-purity purified terephthalic acid or in the iron and steel industries require highly efficient and large volumetric processing capabilities, for which sophisticated engineering and production technologies are essential. Tsukishima Kikai excels in the manufacture of large-scale dryers, and the order we have received from POSCO is for just such a large-scale steam tube dryer.

Tsukishima Kikai has developed a strong track-record of delivering a variety of equipment for the iron and steel industry, such as gas holders for blast furnace gas and basic oxygen furnace gas, blast furnace slag water granulating facilities and flue gas desulfurization facilities, and has won praise from steel manufacturers not only in Japan, but also overseas. Tsukishima Kikai plans to continue its overseas sales activities in an effort to win orders related to new plant projects and expansion projects for existing plants in the area of iron and steel industries, where further capital investment is expected. The company is accordingly expanding its activities to cover businesses ranging from manufacturing to EPC (Engineering, Procurement and Construction). Our aim is to provide seamless support and after-contract service. We wish to actively and continuously look for business opportunities that will enable us to expand and maintain a strong business relationship with our customers. We are always ready to reply to any inquiries and provide further clarification that you might require regarding the above. Reference 1) Details of orders received - Coal dryer : 1 set - Dispatching SV for installation and commissioning of the dryer: 1 set 2) Photo of steam tube dryer

For inquiries related to this press release, please contact the following: Executive secretary office(Investor Relations) Tsukishima Kikai Co., Ltd. e-mailhomepage@tsk-g.co.jp