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Inverstors News

Loans to Major Shareholder and others

2005.08.02 No. 361
1.Name of Borrower : Hyundai Motor UK Limited (HMUK)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Loan :
- Amount of Loan : KRW 81,695,700,000
- Accumulated Balance of Loan to the borrower Concerned (HMUK) : KRW 81,695,700,000
- Purpose of Providing Loan : to repay fund for acquisition of sales office
- Terms and Conditions of Loan :
A.Loan Period ? September 01,2005 ~ November 30,2005
B.Interest Rate ? 5.21% per annum
- Total Amount of Loan for the borrower concerned (HMUK) in 2005 (excluding the amount stated in the previous announcements for said debtor concerned): KRW 81,695,700,000
- 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
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 of Loan? above in #2 is GBP 45,000,000, and is based on the exchange rates for August 02, 2005 (KRW 1,815.46 / 1 GBP).
- The ? Interest Rate? above in #2 is ?Pound Libor + 55bp?
- The ?Accumulated balance of Loan to the borrower concerned (HMUK)? in #2 above includes the said a mount of Loan concerned above (KRW 81,695,700,000).
- The above contents may be subject to change depending on government approvals, authorization process, and marketsituations of the related countries.
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