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Investors News

Equity Investment in Major Shareholder

2005.10.24 No. 377
1. Name of investment recipient : Beijing Hyundai Motor Company(BHMC)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Investment:
- Investment amount : KRW 67,513,600,000
- Decision Date : October 24, 2005
- Total shareholding in BHMC: 50.0%
- Total investment amount in BHMC : KRW 315,907,600,000
- Accumulated balance of investment for BHMC for CY 2005
(excluding the amounts stated in previous announcement)
: KRW 67,513,600,000
- 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 64,000,000 and is based on the exchange rate for October 24, 2005 (KRW 1,054.9 / 1 USD).
- The “Decision date” in #2 above is the internal decision date.
- The “Total investment amount in BHMC” in #2 above is the sum of the book value as of the end of the 1 st half 2005, and the said estimated investment amount above.
- The above contents are subject to change depending on government approvals, authorization process and market conditions of the related countries (both China and Korea).
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