1. Name of invested company: Hyundai Card Co., Ltd.
- Relationship with company : Affiliated company
2. Contents of investment
- Expected date of investment : August 30, 2004
- Object of investment : 32,533,153 registered common shares of Hyundai Card Co.,
- Investment amount : KRW 162,665,765,000
- Total accumulated investment amount : KRW 557,126,086,520
3. Total Accumulated Equity Investment by Hyundai Motor Company from Beginning of Current Fiscal Year to Current Date : KRW 324,168,000,000
- Paid-in Capital at the End of the Previous Fiscal Year : KRW 12,497,925,000,000
- Ratio to Paid-in Capital : 2.95%
4. Purpose of investment: Participation in rights offering in order to increase the synergy effect with the auto industry.
5. Date of board resolution : July 21, 2004
- 3 out of 4 outside directors were present.
- 3 out of 3 auditors were present.
6. Applicability of Korean Fair Trade Act : YES
- The auditors in # 5 above are members of the audit committee.
- Amounts less than KRW 1,000,000 have been deleted from #3 above
- The investment amount in # 2 above is at KRW 5,000 per share.
- 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
- The `Total Accumulated Equity Investment by Hyundai Motor Company from
Beginning of Current Fiscal Year to Current Date` in # 3 above is based on the
exchange rates for July 21, 2004
(KRW 1,162.1 / 1 USD; KRW 10.7027 / 1 JPY; KRW 1,433.16 / 1 EUR)