At the Annual General Meetings held previously, Shareholders had approved the old stock issuance plan. However, due to changing market conditions, the issuance has not been implemented and the plan is presently no longer appropriate. Board of Management of Gemadept corporation has now decided to seek for approval of Shareholders for the new stock issuance and Charter Capital increase plan in 2010. The amendment of the Plan will be implemented favourably to current Shareholders through right-to-buy ratio and issuing price, and the increase in issuance volume will respond to new investments need. Details of the Proposal are as follows:

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