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Inverstors News

Equity Investment in Major Shareholder

2007.10.24 No. 515



=  Name of investment recipient : Hyundai Powertech
- Relationship with Company : Affiliate

2. Details of Investment:
- Object of investment : 2,972,650 common shares of Hyundai Powertech
- Investment amount : KRW 15,000,000,000
- Total investment amount in Powerterch : KRW 135,000,000,000
- Method of Investment : Participation in rights offering

3. Date of BOD Resolution : October 24, 2007
- Attendance of Outside Directors : 5 out of 5
- Attendance of auditors: 3 out of 3 were present
* The auditors are members of the audit committee

4. Applicability under Fair Trade Act : No

5. Others:
=  The expected Investment date will be tentatively mid – November 2007.

=  Amounts less than KRW 100,000 have been rounded up in the ‘Total investment amount in Powertech' in #2 above, assuming the participation in rights offering

- The above contents are subject to change depending on process for the participation in rights offering and related regulations.

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