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Guarantee of Debt Payment for Major shareholder

2005.06.03 No. 339
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 19,260,300,000
- Contents of principal debts : Credit Line Extension
- Period of guarantee : June 07, 2005 ~ June 06, 2006
- Name of creditor : Woori Bank (L.A. Branch)
- Accumulated balance of debt payment guarantee for HT for CY 2005 : KRW 120,630,300,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
- Total Amount of Guarantee for debtor concerned (HT) : KRW 19,260,300,000
3. Decision Date : June 03, 2005
4. Others:
- The “Accumulated balance of debt payment guarantee for HT for CY 2005” in #2 above represents the amount approved at the 37 th Annual General Meeting of Shareholders(March 04,2005) reflecting the effects of Kia Motors Corporation’s(a subsidiary under Hyundai Motor Company) change in its accounting policy
- The amount above is based on the exchange rates for June 03, 2005 (KRW 1,013.70 / 1 USD).
- The “amount of guarantee concerned” in #2 above is based on the expected capital borrowing (USD 19,000,000), 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 (HT)” in #2 above reflects the said guarantee of debt payment concerned above(KRW 19,260,300,000).
- 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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