|1. Object of disposal : 16,656,000 registered common shares of Hyundai Capital Services Inc.
2. Relation with the company : Affiliate
3. Total amount of investment disposal : KRW 266,496,000,000 ( 1 share = KRW 16,000 )
4. Purpose of investment disposal Selling Hyundai Capital shares to GE Capital for strategic alliance between Hyundai Capital and GE Capital
5. Book value of investment to be disposed : KRW 99,632,000,000
6. Total investment amount in Hyundai Capital After disposal : KRW 258,156,000,000
7. Total Shareholding in Hyundai Capital : 60.79%
8. Decision Date : August 2, 2004
- 3 out of 4 outside directors were present
- 3 out of 3 auditors were present
- Amounts less than KRW 1,000,000 have been deleted for the amount from #2 above.
- Disposal date is plan to be at the end of September.
- The above details may be subject to change depending on the detailed schedule.
- Detail matters other than the above are to be delegated to the representative