RNS Number:8187L
Daewoo Shipbuilding & Marine Eng.
03 June 2003


                              STABILISATION NOTICE

Tuesday, June 3 2003



Re:      Daewoo Shipbuilding & Marine Engineering Co., Ltd - "DSME"

Up to 14,429,538 Global Depositary Shares representing 28,859,076 shares of
common stock

In accordance with Core Dealing Rules 3060 and 3061 of the London Stock
Exchange, Goldman Sachs International confirms the following :

1.  The instrument's ISIN code is US23373A2078.  Goldman Sachs International
is the Stabilising Manager for the above offering and may conduct stabilising
transactions on the London Stock Exchange.

2.  The securities to be stabilised are Global Depositary Shares ("GDSs") of
Daewoo Shipbuilding & Marine Engineering Co., Ltd.  No associated securities
will be stabilised.

3.  The contact at the Stabilising Manager is Richard Levy, Compliance
Officer, telephone 020 7774 1314.

4.  The Stabilisation period is from 2pm Tuesday, June 3, 2003 until  Thursday,
July 3, 2003 inclusive

5.  The issue price is US$ 15.64 per GDS as announced at 1.00 on June 3,
2003 GMT.

6.  Overallotment option - 961,953 additional GDSs


                      This information is provided by RNS
            The company news service from the London Stock Exchange
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