|1. Name of debtor(major shareholder): Hyundai Card.
- Relationship with company : Affiliated Company
2. Details of guaranteed debt :
- Date of guarantee : August 06, 2004
- Name of creditor : Visa International
- Contents of principal debts : Breach of contractual
promise of payment by affiliated merchants and hypothecate
for liabilities etc.
- Period of guarantee : From August 06, 2004 To October 30, 2007
- Amount of guarantee concerned : KRW 1,752,450,000
- Accumulated balance of debt payment guarantee for
major shareholder concerned : KRW 4,673,200,000
- Accumulated balance of debt payment guarantee by Hyundai
Motor Company for major shareholders from January 1,
2004 to current date : KRW 364,677,184,000
- Paid-in Capital at the end of the previous fiscal year :
- Ratio to Paid-in Capital : 2.92%
3. Decision date (Date of Board resolution) : July 30, 2004
- attendance of outside directors : -
- attendance of auditors : -
4. Applicability of Fair Trade Act : No
- The amounts in #2 above are based on the exchange rates
for July 30, 2004 (KRW 1,168.30 / 1 USD; KRW 10.4159 /
1 JPY; KRW 1,405.76 / 1 EUR; KRW 816.12 / 1 AUD).
- Amounts less than KRW 1,000,000 have been deleted from
the `Paid-in Capital at the end of the previous fiscal year` in #2 above.
- The above details may be subject to change depending on the
the market situation.
- The above contract may be subject to extension depending
on the extension of the license agreement between Hyundai
Card and Visa International.
- The decision date in #3 above is an internal decision date.
- Guarantee of Debt Payment for Major Shareholder & Others
after July 23, 2004 (the last prior KSE announcement date) :
|(Unit : KRW millions)|
|Company||Relationship||Creditor||Period of Guarantee||Amount of Guarantee|
|Hyundai Card||Affiliate||Visa International||08/06/2004~10/30/2007||1,752|
|Hyundai Card||Affiliate||Master CardInternational||08/06/2004~03/12/2012||2,337|