Investors News

Derivatives Open Interest Balance

2003.12.16 No. 200

[When the company`s position in derivatives changes]
1. Derivative product traded : 5-year maturity U.S. treasury bonds

2. Open interest balance reported prior to change (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. Change Amount (a+b) : KRW 118,500,000,000
    (a) Buying Amount : KRW 0
    (b) Selling Amount : KRW 118,500,000,000

4. Ratio of Change :
    (a) Ratio to Total Assets (%) : 0.57
    (b) Ratio to Open Interest Balance Reported Immediately Prior to Change (%) : 25.11

5. Reason for Change : Forward transaction sale of 5-year maturity treasury bonds

6. Date When Change Occurred : December 12, 2003

7. Total Assets at the End of the Previous Fiscal Year : KRW 20,867,273,000,000

8. Others :
    -The change amount in #3 above reflects the converted amount based on the
    transaction foreign exchange rate of KRW 1,185
    -Amounts less the KRW 1,000,000 have been deleted from #7 above.
    -This Transaction`s purpose is for the company to hedge against the risk of interest
    rate fluctuations