October 13, 2008

Business Development Asia and Daewoo Securities announce alliance for cross-border M&A advisory, restructuring and capital raising business

Business Development Asia LLC (“BDA”) and Daewoo Securities Co., Ltd. (“Daewoo Securities”) have agreed to cooperate on cross border mergers and acquisitions (“M&A”) advisory, restructuring and capital raising business. This will allow BDA to gain better access to Korean corporate and PE firms, and will allow Daewoo Securities to have access to BDA’s network of M&A professionals across Asia including the Middle East, and in Europe and the US.

Business Development Asia LLC was founded in 1996. BDA assists multinational corporate and financial sector clients to identify and execute acquisitions, divestments, JVs, restructuring and capital raising internationally. The company is headquartered in New York with offices in London, Bahrain, Mumbai, Hong Kong, Shanghai, Seoul, and Tokyo. BDA employs 55 full-time professional staff across its eight offices, supplemented by a team of senior advisors around the world. BDA's client list includes Air Products, Cadbury Schweppes, Celestica, DIC, DuPont, Ecolab, Global Power, Godrej, Great Lakes, Hanjin Shipping, Hercules, Huntsman, Inabata, Kimberly-Clark, Lear, Lubrizol, Mars, Molex, Morgan Stanley, Nalco, Reuters, Rohm & Haas, Ryder, Siemens, SigmaKalon, Sumitomo Chemical, Sun Chemical, TATA Auto Components, Tenneco, Tredegar, Visteon, WR Grace, and the British Government. Further information on BDA is available at www.bdallc.com.

Daewoo Securities Co., Ltd., incorporated in 1970, engages in the securities business in South Korea and internationally. It trades in various securities. The company also engages in asset management, investment banking, brokerage, and wealth management businesses. Daewoo Securities Co. sells and trades in investment banking-related products; and involves with initial public offerings, corporate bonds, rights offerings, and asset-backed securities businesses. Daewoo Securities, as one of the top market leaders in Korean capital market, recorded operating income with US$460m and net income with US$340m as of 2007. Its market capitalization is US$4bn. It has about 3,500 employees an operated through a network of approximately 130 domestic branches and several subsidiaries/offices across New York, London, Hong Kong, Tokyo, Ho Chi Min. Further information on Daewoo Securities is available at www.bestez.com.

For more information, please contact Charles Maynard at cmaynard@bdallc.com in New York at (1) 212 265 5300, or Hans Kim at hanskim@bestez.com in Seoul on (822)768-2080.