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Investors News

Equity Investment in Major Shareholder

2005.06.16 No. 341
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Investment:
- Investment amount : KRW 81,168,000,000
- Method of Investment : Participation in rights offering (undertaking of new shares)
- Decision Date : June 16, 2005
- Total shareholding in HMA: 100%
Total investment amount in HMA : KRW 817,143,000,000
- Accumulated balance of debt payment guarantee for HMA for CY 2005 : KRW 81,168,000,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
3. 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 “Investment amount” in #2 above is USD 80,000,000 and is based on the exchange rates for June 16, 2005 (KRW 1,014.6 / 1 USD).
- The “decision date” in #2 above is the internal decision date.
- The “total investment amount in HMA” in #2 above are as of after the investment stated above, and are calculations of the estimated investment amount based on the book value as of the end of the 1 st quarter 2005.
- The above contents are subject to change depending on government approvals, authorization process and market conditions of the related countries (both U.S.A. and Korea).
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