1. Name of investment recipient : World Industries Ace Corp.(WIA Corp)
- Relationship with Company : Affiliate
2. Details of investment
- Object of investment : 5,073,538 registered common shares of WIA Corp.
- Investment amount : KRW 25,368,000,000
- Total 2004 investment amount in WIA Corp. : KRW 100,759,000,000
- Total 2004 Shareholding in WIA Corp. : 39.46%
3. Date of Board Resolution : November 05, 2004
- Attendance of Outside Directors : 3 out of 4
- Attendance of auditors(who are not Outside Directors): No
* Hyundai Motor Company’s audit committee members are all ouside directors (3 out of 3 were present)
- The ‘Total 2004 investment in WIA Corp’ and ‘Total 2004 Shareholding in WIA Corp.’ in #2 above are as of after
the investment stated above, and are calculations of the
estimated capital increase amount based on the book value as of the end of the 1st half 2004.
- Amounts less than KRW 1,000,000 have been deleted for ‘Total 2004 investment in WIA Corp’ and ‘Total 2004
Shareholding in WIA Corp.’ the amount from #2 above.
- The above details may be subject to change depending on the detailed schedule and related laws.
- The above details correspond with the fair trade act and are
the same as the details as the announcement sent to the fair
trade committee on November 05, 2004.