Details regarding candidates for directors of Woori Bank

On March 15, 2010, Woori Finance Holdings Co., Ltd. (“Woori Finance Holdings”) announced key details regarding the candidates for directors of Woori Bank, a wholly-owned subsidiary of Woori Finance Holdings, to be elected at the annual general meeting of shareholders of Woori Bank on March 25, 2010 (the “AGM”).

Details regarding the candidate for executive director

Name	Date of Birth	Term / Appointment	Career & Academic Background
Soon Woo Lee	Dec. 15, 1950	1 year / Re-appointment	- Current) Deputy President, Woori Bank - Executive Vice President, Consumer Banking Business Unit of Woori Bank - Executive Vice President, Management Support Unit of Woori Bank - Bachelor of Law, Sungkyunkwan University

Details regarding the candidates for non-standing directors

Name	Date of Birth	Term* / Appointment	Career & Academic Background
Pal Seung Lee	Feb. 2, 1944	1 year / Re-appointment	- Current) Chairman & CEO, Woori Finance Holdings - Representative director of Seoul Philharmonic Orchestra - CEO, Woori Investment & Securities - Advanced Innovative Management (AIM) Course, KAIST - Master of Business Administration, Korea University
Yong Man Rhee	Aug. 29, 1933	1 year / Re-appointment	- Current) Chairman, Mugunghwa Trust Co. - Minister of Finance (35th) - Chairman, Shinhan Research Institute - Executive Development Program, Cornell University - Master of Public Administration, Seoul National University
Chang Ryul Baik	Mar. 17, 1948	1 year / Re-appointment	- Current) President, Bizcom Management Consulting - Secretary General, Seoul Economic Forum - Bachelor of International Trade, Sogang University
Byung Sam Yu	Feb. 1, 1952	2 years /New appointment	- Current) Professor, College of Business and Economics, Yonsei University Dean, Graduate School of Economics, Yonsei University - Assistant Professor, Pennsylvania State University - Ph.D in Economics, University of California, San Diego - Bachelor of Statistics, Yonsei University
Hyuk Choi	Sept. 2, 1955	2 years** /New appointment	- Current) Professor, College of Business, Seoul National University - Chairman, Korea Securities Association - Professor, Pennsylvania State University - Ph.D in Business Administration, University of Chicago - Master of Business Administration, University of Chicago - Bachelor of Business Administration, Seoul National University
Chang Young Jun	Dec. 27, 1956	1 year / Re-appointment	- Current) Lawyer, Hwawoo Law Firm - Public Prosecutor, Seoul High Prosecutors’ Office - Research Prosecutor, Supreme Prosecutors’ Office - Bachelor of Law, Seoul National University
Kang Sik Lee	Jul. 9, 1957	2 years /New appointment	- Current) General Manager, Risk Management Team 2, Korea Deposit Insurance Corporation - Chief Legal Officer, Korea Deposit Insurance Corporation - General Manager, Risk Management Team 1, Korea Deposit Insurance Corporation - Bachelor of Economics, Konkuk University
Sung Hwan Shin	Feb. 17, 1963	1 year / Re-appointment	- Current) Professor, College of Business Administration, Hongik University - Research Fellow, Korea Institute of Finance - Ph.D. in Accounting & Control, MIT - Master of Business Administration, MIT - Bachelor of Economics, Seoul National University

* The terms of appointment of non-standing directors are subject to the approval of the proposed amendments to Woori Bank’s articles of incorporation at the AGM.

• The term of appointment of Mr. Hyuk Choi will be from April 6, 2010 to the date of the annual general meeting of shareholders of Woori Bank for the relevant year in accordance with Article 29, Section 2 of Woori Bank’s articles of incorporation.