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Guarantee of Debt Payment for Major shareholder

2004.12.27 No. 284
2. Details of guaranteed debt :
- Amount of guarantee concerned : KRW 7,075,700,000
- Contents of principal debts : Extension of Credit line Guarantee
- Period of guarantee : December 31, 2004 ~ December 30, 2007
- Name of creditor : Nordea Bank Polska
- Accumulated balance of debt payment guarantee for Hyundai Motor
Poland for CY 2004 : KRW 12,028,690,000
- Equity capital as of end of 2003 : KRW 12,497,925,000,000
3. Decision date (Internal Decision Date) : December 27, 2004
- attendance of outside directors : -
- attendance of auditors : -
4. Others:
- The amount in #2 above is based on the exchange rates for
December 27, 2004 (KRW 1,415.14 / 1 EUR).
- The decision date in #3 is the acceptance date of
guarantee contract report.
- The above contents may be subject to change depending on
government approvals, authorization process, and market
situation of the related countries.
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