LG Chem Power Announces Leadership Transition

Troy, Michigan – September 29, 2015 – LG Chem Power Inc. (LGCPI), announced today that Prabhakar Patil, who has served as the CEO for 10 years, will retire effective September 30, 2015. He will be succeeded by Denise Gray starting October 1.

“It has been an incredible privilege to lead this great team over the past 10 years,” said Patil. “I’m very proud of what we have accomplished in achieving our vision of becoming the North American center of excellence and supplier/partner of choice in providing lithium-ion battery solutions to our customers. The company is well positioned to move forward under Denise’s leadership.”

“Prabhakar has been a friend and colleague for many years and the global vehicle electrification industry is better off due to his vision and wisdom,” said Gray. “I am thrilled to have the opportunity to continue LG Chem Power’s leadership, and look forward to advancing its reputation and mission.”

Gray most recently served as Vice President of Electrification Powertrain Engineering at AVL List, GmbH, where she was responsible for AVL’s Electrification Business Unit. She is well remembered and respected in the industry as the Director of Global Battery Systems Engineering at General Motors, where her team successfully developed and launched the lithium-ion battery system used in the Chevrolet Volt, working closely with the LG Chem team. The Volt uses LG Chem battery cells produced at the company’s plant in Holland, Michigan.

About LG Chem Power

LG Chem Power is the North American subsidiary of LG Chem Ltd., one of the world’s largest lithium-ion battery manufacturers with significant market share in consumer, automotive and stationary applications. It is a globally diversified chemical company that operates three main business units: Petrochemicals, IT & Electronic Materials, and Energy Solutions. The company manufactures a wide range of products, from petrochemical goods to high-value added plastics, and extends its chemical expertise into industry-leading Li-ion battery solutions for all applications. For more information, please visit www.lgchem.com.

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Media Contact:

Dick Pacini

The Millerschin Group

O: 248-276-1970

C: 248-770-6446

dpacini@millerschingroup.com

Prabhakar Patil

Denise Gray