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Inverstors News

Loans to Major Shareholder and others

2004.05.12 No. 236
1. Name of Borrower : Daimler Hyundai Truck Corporation
    - Relationship with Company : Affiliate

2. Details of Loan:
    - Date of Loan : May 12, 2004
    - Amount of Loan : KRW 21,700,000,000
    - Accumulated Balance of Loan to the major shareholder concerned : KRW 43,198,750,000
    - Terms and Conditions of Loan :
       A. Loan Period - May 12, 2004 ~ Novmber 12,2004
       B. Interest Rate - 9% per annum
    - Accumulated Balance of Loan to all Major Shareholders in 2004 : KRW 43,198,750,000
    - Shareholders` equity as of the end of 2003 :
      KRW :12,497,925,000,000
    - `Accumulated Balance of Loan to all major shareholders
      in 2004` to `Shareholders` equity` : 0.35 %

3. Purpose of Providing Loan :
    To promote smooth supply of truck engines by providing a loan for operational purposes

4. Decision Date : May 12, 2004
    - attendance of outside directors : 3 out of 4 present
    - attendance of auditors : 3 out of 3 present

5. Applicability of Fair Trade Act : Yes

6. Others :
    - The auditor(s) mentioned in #4 above represents member(s) of the audit committee.
    - Amounts less than KRW 1,000,000 have been rounded up for the amount of shareholders` equity in #2.
    - The contents of above may be subject to change depending on the related laws.

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