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Inverstors News

Loans to Major Shareholder and others

2004.03.23 No. 224
1. Name of Borrower : Daimler Hyundai Truck Corporation
    - Relationship with Company : Affiliate

2. Details of Loan:
    - Date of Loan : March 22, 2004
    - Amount of Loan : KRW 5,733,000,000
    - Accumulated Balance of Loan to the Major Shareholder Concerned :
      KRW 5,733,000,000
    - Terms and Conditions of Loan :
      A. Loan Period - March 22, 2004 ~ June 30,2004
      B. Interest Rate - 9% per annum

3. Purpose of Providing Loan : to promote smooth supply of truck engines by providing a loan for machine and equipment

4. Decision Date : March 22, 2004
    - attendance of auditors : none

5. Applicability of Fair Trade Act : Not Applicable

6. Others :
    - The dates designated in #2 and #4 above refer to the company`s decision date
     for the loan.
    - Daimler Hundai Truck Corporation is a 50:50 joint venture heavy truck engine
     production company between Hyundai Motor Company and Daimler Chrysler
     Corporation, and the joint venture partner Daimler Chrysler Corporation also plans
     to facilitatea loan under the same terms and conditions.

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