NHN Corporation - Limited Review For The Quarter Ended Sep 30, 2007

NHN Corporation Ltd has informed that in the limited review report of the Company for the quarter ended September 30, 2007, the Auditors of the Company have made the following observations:

Non-Provision of interest and penal interest on outstanding term loan from GIIC, exact amount of interest and penal interest is not made available to the Auditors, as the management is of the opinion that interest should not be charged in view of the ongoing negotiation with the lender for the one time settlement.