1. Name of debtor(major shareholder):
Hyundai Motor Manufacturing Alabama(HMMA)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 205,340,000,000
- Contents of principal debts : Credit Line USD 100,000,000 Term Loan USD 100,000,000
(Total USD 200,000,000)
- Period of guarantee : -
- Name of creditor : Sumitomo Bank and foreign creditors
- Accumulated balance of debt payment guarantee for HMMA
: KRW 693,022,500,000
- Total Amount of Guarantee for debtor concerned (HMMA)in 2005(excluding the amount stated in the previous announcements for said debtor concerned) : KRW 205,340,000,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
3. Date of BOD Resolution : August 02, 2005
- Attendance of Outside Directors : 2 out of 4
- Attendance of auditors : 2 out of 3 were present
* Hyundai Motor Company’s audit committee members are all outside directors
- 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 guarantee amount above is based on the exchange rates for August 02, 2005 (KRW 1,026.70 / 1 USD).
- The “Amount of Guarantee Concerned” in #2 above is based on USD 200,000,000, and may be subject to change after reflecting the related interests and commissions.
-Details of Period of guarantee in #2 above :
- The “Accumulated balance of debt payment guarantee for HMMA” in #2 above includes the said guarantee of debt payment concerned above(KRW 205,340,000,000).
- The above contents may be subject to change depending on government approvals, authorization process, and market situations of the related countries.