Dear fellow shareholders,

Since we launched our campaign a week ago, we have been truly overwhelmed by the level of support from shareholders large and small, all over Korea. We are sorry for not having replied to everyone individually yet due to the huge volume of messages. We sincerely appreciate everyone taking the time to write to us and please be assured that we are reviewing all the feedback and suggestions thoroughly.

The SK Bioscience lock-up is expiring soon. We are cautiously optimistic that SK Chemicals will do the right thing and create a huge amount of shareholder value by selling some of its SK Bioscience shares. However, so far, we have not heard anything from the company other than an unrelated plan to separate the utility business. We will continue to closely monitor the company’s actions and announcements over the coming weeks.

If an EGM becomes necessary, we will need as many shareholders as possible to vote. Please help spread the word about the campaign by posting links to the website ( on investor boards such as NAVER.

Thank you again for your support and we look forward to continuing to work with all shareholders to drive positive change at SK Chemicals for the benefit of the company, its owners and other stakeholders, and the broader Korean economy.

Best regards,

Damian L. Edwards

Damian L. Edwards
Metrica Partners Pte. Ltd.