Hyundai Worldwide Global Navigation
| 1. Object of disposal : 16,656,000 registered common shares of Hyundai Capital Services Inc. 2. Relation with the company : Affiliate 3. Total amount of investment disposal : KRW 266,496,000,000 ( 1 share = KRW 16,000 ) 4. Purpose of investment disposal Selling Hyundai Capital shares to GE Capital for strategic alliance between Hyundai Capital and GE Capital 5. Book value of investment to be disposed : KRW 99,632,000,000 6. Total investment amount in Hyundai Capital After disposal : KRW 258,156,000,000 7. Total Shareholding in Hyundai Capital : 60.79% 8. Decision Date : August 2, 2004 - 3 out of 4 outside directors were present - 3 out of 3 auditors were present 9. Others - Amounts less than KRW 1,000,000 have been deleted for the amount from #2 above. - Disposal date is plan to be at the end of September. - The above details may be subject to change depending on the detailed schedule. - Detail matters other than the above are to be delegated to the representative director. |