[When the company holds open interests]
1. Derivative product traded : 48,582,391 shares of Kia Motors Corporation
2. Open interest balance (a+b) : KRW 472,000,000,000
(a) Buying amount : KRW 0
(b) Selling amount : KRW 472,000,000,000
- Ratio to total assets (%) : 2.26
3. Expected date of the open interest holding : September 15, 2003
4. Total assets at the end of the previous fiscal year : KRW 20,867,273,000,000
5. Others :
- Contract is related to the sale of 48,582,391 shares of Kia Motors Company held by
Woori Bank Trust. Hyundai Motor Company is the current beneficiary of trust
certificates which represent the above mentioned shares.
- Then expected swap period is 3 ~ 5 years
- The expected date in #3 above is subject to change depending on the bond
maturity date
- Amounts less the KRW 1,000,000 have been deleted from #4 above.
- The BOD has approved this transaction on the condition that needed government
approval be attained
