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Inverstors News

Guarantee of Debt Payment for Major shareholder

2005.05.17 No. 337
1. Name of debtor(major shareholder): Hyundai Motor Japan R&D Center Inc.(HMJ R&D Center) )
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 5,183,200,000
- Contents of principal debts : Credit Line Guarantee
- Period of guarantee : May 20, 2005 ~ May 20, 2006
- Name of creditor : Bank of America(Tokyo Branch)
- Accumulated balance of debt payment guarantee for HMJ for CY 2005 : KRW 5,183,200,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
- Total Amount of Guarantee for debtor concerned (BJMS) : KRW 5,183,200,000
3. Decision Date : May 17, 2005
4. Others:
- The ‘Amount of Guarantee Concerned’ in #2 above is based on the exchange rates for May 17, 2005 (KRW 9.4240 / 1 JPY).
- The “amount of guarantee concerned” in #2 above is based on the maximum amount of credit line (JPY 550,000,000), and may be subject to change after reflecting the related interests and commissions.
- The decision date in #3 is the acceptance date of guarantee contract report.
- The total amount of guarantee for debtor concerned (HMJ) in #2 above reflects the guarantee of debt payment concerned.
- The above contents may be subject to change depending on government approvals, authorization process, and marketsituations of the related countries.
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