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Inverstors News

Equity Investment in Major Shareholder

2004.08.02 No. 245

1. Name of investment recipient : Hyundai Capital Services Inc.
    - Relationship with company : Affiliate

2. Details of investment
    - Investment amount : KRW 217,000,000,000
    - Object of investment : 13,562,500 registered common shares of Hyundai Capital
      Services Inc.
    - Method of investment : participating rights issue
    - Date of investment : To be determine, later than the completion of Hyundai Capital
      shares, held by Hyundai Motor, disposal to GE Capital
    - Total investment amount in Hyundai Capital : KRW 475,156,000,000
    - Total Shareholding in Hyundai Capital : 62.00%

3. Decision Date : August 2, 2004
    - 3 out of 4 outside directors were present.
    - 3 out of 3 auditors were present

4. Others:
    - Amounts less than KRW 1,000,000 have been deleted for the amount from #2 above.
    - Detail matters other than the above are to be delegated to the representative
      director.
    - The above details may be subject to change depending on the detailed schedule.
 

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