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Inverstors News

Guarantee of Debt Payment for Major shareholder

2004.08.31 No. 257

1. Name of debtor(major shareholder): HMP (Hyundai Motor Poland)
    - Relationship with company : Overseas Subsidiary

2. Details of guaranteed debt :
    - Contents of principal debts : Extension of Credit line Guarantee
    - Name of creditor : Bank Handlowy w Warszawie SA
    - Period of guarantee : October 1, 2004 ~ September 30, 2005
    - Amount of guarantee concerned : KRW 4,864,335,000
    - Accumulated balance of debt payment guarantee for major
     shareholder concerned for CY 2004 : KRW 11,813,385,000

3. Decision date (Internal Decision Date) : August 31, 2004
    - attendance of outside directors : -
    - attendance of auditors : -

4. Others:
    - The amount in #2 above is based on the exchange rates for
    August 31, 2004 (KRW 1,389.81 / 1 EUR).
       - The above details may be subject to change depending on the
       the market situation.

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