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Inverstors News

Guarantee of Debt Payment for Major shareholder

2005.01.19 No. 292
1. Accumulated amount of guarantee for 2005(A) :
KRW 16,462,000,000
- Shareholders' Equity(B): KRW 12,497,925,000,000
- Ratio (A/B):0.13%


2. Applicability of Korean Fair Trade Act : No


3. Others : Shareholders' Equity in #1 above is as of the end of 2003, and amounts less than
KRW 1,000,000 have been deleted.



[Details of guaranteed debt]
Name of debtor (major shareholder): Hyundai Motor Norway AS

1. Relationship with company : Affiliated Overseas Subsidiary


2. Amount of guarantee concerned : KRW 16,462,000,000


3. Contents of principal debts : Revolving Credit Facility


4. Period of guarantee : January 19, 2005 ~ September 30, 2005


5. Name of creditor : DnB NoR Bank ASA


6. Decision date : January 19, 2005


7. Accumulated balance of guarantee for Hyundai Motor Norway AS as of CY 2005 : KRW 16,462,000,000
8. Others:
- The amount of guarantee in #2 above is 100 million NOK, based on
the exchange rates for January 20, 2005 (KRW 164.62 / 1 NOK).
- The decision date in #6 is the acceptance date of
guarantee contract report.
- The total balance of guarantee for a debtor in #7 above includes the amount of guarantee in #2 above.
- The above contents may be subject to change depending on
government approvals, authorization process, and market
situations of the related countries.
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