LS Corp. and LS Cable Announce Antitrust Clearances in Three Countries for Superior Essex Tender Offer

  
    
  
  
    
      LS Corp. and its subsidiary LS Cable Ltd. announced today that the 
      relevant antitrust waiting periods have expired or clearances have been 
      obtained in the United States, Germany and Spain with respect to their 
      subsidiary’s pending $45.00 per share cash 
      tender offer for all outstanding shares of Superior Essex Inc. (NASDAQ: 
      SPSX). As a result, the only remaining antitrust condition of the tender 
      offer is clearance by the relevant authorities in China. The review 
      period in China is scheduled to expire at 5:30 AM (New York time) on 
      Thursday, July 31, 2008.
    
    
      The tender offer is scheduled to expire at 5:00 PM (New York time) on 
      Wednesday, July 30, 2008, unless extended. Subject to the timely receipt 
      of the clearance in China and the satisfaction of all other conditions 
      to the tender offer, including the minimum tender condition, LS Corp. 
      expects that all Superior Essex shares that have been validly tendered 
      and not withdrawn prior to the expiration of the tender offer will be 
      accepted for payment prior to 9:00 AM (New York time) on Thursday, July 
      31, 2008.
    
    
      The terms and conditions of the tender offer are set forth in the Offer 
      to Purchase dated July 1, 2008 and the related Letter of Transmittal.
    
    
      About LS Cable
    
    
      LS Cable, a newly established and wholly owned subsidiary of LS Corp., 
      is a leading wire and cable manufacturer with headquarters located in 
      Korea. LS Cable has 3,300 employees and more than 15 manufacturing sites 
      located in 10 countries, with operations on three continents. LS Cable 
      provides a wide range of power and communications cable solutions for 
      the energy infrastructure, construction, automotive, railway, 
      telecommunication and electronic industries. With high, medium and low 
      voltage power cables, LS Cable meets its customers’ 
      demands for cable and cable systems for power transmission and 
      distribution in energy infrastructure and related industries.
    
    
      LS Cable also serves the needs of customers for optical communication, 
      which is the platform of broadband networks. LS Cable offers various 
      optical cables and optical fibers of single and multi mode for LAN, 
      access, long distance and metropolitan networks. LS Cable supplies 
      coaxial cables, UTP cables and FTTH (Fiber to The Home) solutions for 
      rapid and massive data transmission. For more information about LS 
      Cable, please visit www.lscable.com.
    
    
      LS Corp. (formerly know as LS Cable Ltd.) was founded in Korea in 1962 
      and it became a listed company on the Stock Market Division of Korea 
      Exchange (formerly known as Korea Stock Exchange) in June 1977. As 
      previously announced, on July 2, 2008, LS Corp. effected an internal 
      corporate structure change, whereby LS Corp. changed its name from “LS 
      Cable Ltd.” to “LS 
      Corp.” and transferred the assets and 
      liabilities of its wire and cable business into a newly established 
      wholly owned subsidiary named “LS Cable Ltd.”
    
    
      Forward-Looking Statements and Risk Factors
    
    
      This press release contains certain forward-looking statements with 
      respect to the completion of the tender offer. Completion of the tender 
      offer is subject to conditions, including satisfaction of a minimum 
      tender condition and the receipt of regulatory approvals, and there can 
      be no assurances that those conditions will be satisfied and that the 
      tender offer will be completed. By their nature, forward-looking 
      statements involve risk and uncertainty because they relate to events 
      and depend on circumstances that will occur in the future. 
      Forward-looking statements contained herein are made only as of the date 
      hereof, and we do not undertake to update these statements to reflect 
      subsequent events or developments, except as required by federal 
      securities law including SEC rules.