Tremisis Energy Acquisition Corporation II Announces that Asiana Airlines, Inc. Has Completed Stock Purchase Requirement

SEOUL, Korea--(Business Wire)--
Tremisis Energy Acquisition Corporation II (NYSE Amex: TGY, TGY.U, TGY.WS)
("Tremisis") announced today that Asiana Airlines, Inc. has purchased 129,870
shares of Tremisis common stock in accordance with the Amended and Restated
Securities Purchase Agreement between Tremisis, Asiana IDT Inc. and Asiana
Airlines, Inc. dated October 1, 2009. The purchase was made at $7.89 per share.
Upon closing of the purchase by Tremisis of the shares of Asiana IDT, Inc. from
Asiana Airlines pursuant to the Securities Purchase Agreement, the shares of
Tremisis common stock to be issued to Asiana Airlines together with the shares
just purchased by Asiana Airlines will give Asiana Airlines 50% plus 1 share of
the shares of Tremisis stock that will then be outstanding.

About Tremisis

Tremisis is a specified purpose acquisition company (SPAC), formed for the
purpose of acquiring, or acquiring control of, through a merger, capital stock
exchange, asset acquisition, stock purchase, reorganization or similar business
combination, one or more businesses or assets. On October 1, 2009, it entered
into the Securities Purchase Agreement to acquire all of the stock of Asiana
IDT, Inc., an information technology service company whose business is primarily
in the Republic of Korea. The closing of the transaction is expected to take
place later this year.

For Tremisis Energy Acquisition Corporation II:
Capital Express Co., Ltd. (NY)
David Yoo, +1-917-388-6151
davidyoo@sfinvest.co.kr
or
Capital Express Co., Ltd. (Seoul)
Rosa Kim, +82-10-3838-6354
rosakim@sfinvest.co.kr

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