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Investors News

Equity Investment in Major Shareholder

2005.11.04 No. 388
1. Name of investment recipient : Hyundai Capital (HC)
- Relationship with Company : Affiliate
2. Details of Investment:
- Investment amount : KRW 69,951,070,000
- Method of Investment : Participation in rights offering (undertaking of new shares)
- Object of investment : 3,997,204 common shares of Hyundai Capital
- Total shareholding in HC: 56.1% Total investment amount in HC : KRW 333,616,000,000
- Accumulated balance of investment for HC for CY 2005(excluding the amounts stated in previous announcement for investment recipient concerned)
: KRW 69,951,070,000
- Shareholder’s Equity as of end of 2004 :
KRW 13,365,111,000,000
3. Date of BOD Resolution : November 04, 2005
- Attendance of Outside Directors : 2 out of 4
- Attendance of auditors: 2 out of 3 were present
* Hyundai Motor Company’s audit committee members are all outside directors
4. Applicability under Fair Trade Act : YES
5. 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 expected Investment date will be after completion of sale of Hyundai Capital’s shares. (tentatively mid - December 2005)
- The “total investment amount in HC” in #2 above are calculations of the sum of the investment amount after the sale of Hyundai Capital’s shares owned by Hyundai Motor Company (based on the book value as of the end of the 1 st half 2005) and the expected amount for participation in the rights offering concerned above; the total investment shareholding may be subject to change depending on the result of the right offering.
- Amounts less than KRW 1,000,000 have been deleted from the ‘Total investment amount in HC’ in #2 above.
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