Responsive disclosure regarding the news report of acquisition plans for Mando Corporation.
We are studying the acquisition of Mando Corporation in order to increase our competitiveness as an automobile manufacturer by strengthening our business area of automotive chassis parts.
However, currently, no concrete decision has been made, and we will disclose the details of the negotiation upon its conclusion by February 28, 2006.
Name of Disclosure Officer : Yoo No Hwang,
Director, Head of Financial Management Group
* The above statement is in response to the Korea Stock Exchange inquiry made on September 09, 2005 09:28 a.m.