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Guarantee of Debt Payment for Major shareholder

2005.06.15 No. 340
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 13,917,900,000
- Contents of principal debts : Credit Line Guarantee
- Period of guarantee : June 27, 2005 ~ June 27, 2007
- Name of creditor : Sumitomo Mitsui Banking Corporation
- Accumulated balance of debt payment guarantee for HMJ for CY 2005 : KRW 32,475,100,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
- Total Amount of Guarantee for debtor concerned (HMJ)in 2005(excluding the amount stated in the last announcement for said debtor concerned) : KRW 13,917,900,000
3. Decision Date : June 15, 2005
4. Others:
- The “Shareholder’s Equity as of end of 2004” 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 15, 2005 (KRW 9.2786 / 1 JPY).
- The “Amount of Guarantee Concerned” in #2 above is based on the borrowing limit for HMJ (JPY 1,500,000,000), 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 2005” in #2 above reflects the said guarantee of debt payment concerned above(KRW 32,475,100,000).
- 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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