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Inverstors News

Equity Investment in Major Shareholder

2005.01.04 No. 289

[Details of investment]
Name of investment recipient:
Hyundai Assan Otomotive Sanayi ve Ticaret A.S.(HAOST)


1. Relationship with company : Affiliate (a local overseas subsidiary)


2. Investment amount : KRW 43,558,200,000


3. Method of Investment :
undertaking of existing shares from Kibar Holding A.S.


4. Object of investment :
20% of shares for HAOST


5. Decision Date : January 04, 2005


6. Total shareholding in HAOST: 70.00%
Total investment amount in HAOST : KRW 67,381,000,000


7. Others :
i) The financial data in #2 above is based on the exchange rates for January 04, 2005(KRW 1,037.10 / 1 USD)
ii) The decision date in #5 above is the acceptance date of
overseas direct investment report.
iii) The figures in #6 above are as of after the investment stated above, and are calculations of the estimated investment amount based on the book value as of the end of the 3rd quarter 2004.
(Amounts less than KRW 1,000,000 have been deleted)
iv) The above contents are subject to change depending on government approvals, authorization process and market conditions of the related countries (both Turkey and Korea)
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