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Inverstors News

Equity Investment in Major Shareholder

2004.05.12 No. 235
1. Name of investment recipient : Daimler Hyundai Truck Co.
    - Relationship with company : Affiliate

2. Details of investment
    - Date of investment : May 12, 2004
    - Object of investment :
       10,000,000 registered common shares of Daimler Hyundai
       Truck Company held by DaimlerChrysler AG
    - Investment amount : KRW 60,000,000,000
    - Total investment amount in the major shareholder
       concerned : KRW 110,000,000,000
    - Accumulated investment amount in all major shareholders
       in 2004 : KRW 60,000,000,000
    - Shareholders` Equity as of the end of 2003 :
       KRW 12,497,925,000,000
    - `Accumulated investment amount in all major shareholders
       in 2004` to `Shareholders` Equity` : 0.48%

3. Purpose of Investment :
    Undertaking of shares following the termination of commercial vehicle engine alliance
    with DaimlerChrysler AG

4. Decision Date : May 12, 2004
    - 3 out of 4 outside directors were present.
    - 3 out of 3 auditors were present.

5. Applicability of Korean Fair Trade Act : YES

6. Others:
    - Amounts less than KRW 1,000,000 have been rounded up for
       the amount of shareholders` equity in #2.
    - The above contents may be subject to change depending
       on DaimlerChrysler`s AG`s Board Meeting resolutions and the
       related laws.
    - The auditor(s) mentioned in #4 above represents member(s) of the audit committee.

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