POSCO announces pricing results of its Offer to Purchase for cash up to US$400,000,000 aggregate principal amount of its outstanding 5.750% Notes due 2028

About this update from Posco Holdings Inc.

SEOUL, South Korea, July 16, 2026 /PRNewswire/ -- POSCO, a corporation organized under the laws of the Republic of Korea (the " Offeror "), today announced the pricing results in connection with its offer to purchase for cash up to US$400,000,000 aggregate principal amount (the " Maximum Acceptance Amount ") of its outstanding 5.750% Notes due 2028 (CUSIP: 73730EAD5 (144A) / Y7S272AG7 (Reg S) ISIN: US73730EAD58 (144A) / USY7S272AG74 (Reg S)) (the " Notes ") issued by the Offeror, from the Noteholders (the " Offer "). The Offer commenced on June 30, 2026 and is being made pursuant to an Offer to Purchase dated June 30, 2026 (the " Offer to Purchase "), which is available on the offer to purchase website at https://clients.dfkingltd.com/posco . Capitalized terms used but not defined herein have the meanings assigned to them in the Offer to Purchase. Pricing Results The Reference Yield was determined at 10:00 a.m., New York City time, on July 15, 2026 (the " Price Determination Date "), the business day after the Early Tender Deadline, by reference to the bid-side price of the Reference Security displayed on the Bloomberg Reference Page at the Price Determination Date. The pricing details of the Offer are as follows: Description of Securities: US$1,000,000,000 5.750% Notes due 2028 CUSIP / ISIN: 73730EAD5 (144A) / Y7S272AG7 (Reg S); US73730EAD58 (144A) / USY7S272AG74 (Reg S) Reference Security: 4.125% US Treasury due June 30, 2028 Bloomberg Reference Page: FIT 1 Fixed Spread: 30 basis points Reference Yield: 4.156% Early Tender Offer Consideration (per US$1,000 principal amount): US$1,018.47 Tender Offer Consideration (per US$1,000 principal amount): US$968.47 Holders of Notes will also receive Accrued Interest Payment on Notes accepted for purchase up to, but excluding, the Early Settlement Date. The Early Tender Offer Consideration was calculated in accordance with the formula set out in Schedule A to the Offer to Purchase, reflecting a yield to the Maturity Date (January 17, 2028) equal to the Reference Yield plus the Fixed Spread of 30 basis points. The Early Tender Offer Consideration already includes the Early Tender Premium of US$50 per US$1,000 principal amount of Notes. The Tender Offer Consideration is equal to the Early Tender Offer Consideration minus the Early Tender Premium of US$50 per US$1,000 principal amount of Notes. In addition to the applicable Early Tender Offer Consideration or Tender Offer Consideration, as applicable, the Offeror will also pay the Accrued Interest Payment. For the avoidance of doubt, interest will cease to accrue after the applicable settlement date for Notes accepted for purchase pursuant to the Offer.

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