1. Name of debtor(major shareholder): HMA (Hyundai Motor America)
- Relationship with company : Overseas Subsidiary
2. Details of guaranteed debt :
- Name of creditor : DBS Bank
- Contents of principal debts : Revolving Credit line
- Period of guarantee : November 19, 2004 ~ November 18, 2005
- Amount of guarantee concerned : KRW 111,460,000,000
- Accumulated balance of debt payment guarantee for HMA concerned for CY 2004 : KRW 222,920,000,000
- Equity Capital : KRW 12,497,925,000,000
3. Date of Board Resolution : November 05, 2004
- Attendance of Outside Directors : 3 out of 4
- Attendance of Auditors(who are not Outside Directors): No
* Hyundai Motor Company’s audit committee members are all ouside directors (3 out of 3 were present)
- The amounts in #2 above are based on the exchange rates for November 5, 2004 (KRW 1,114.6 / 1 USD).
- The‘Amount of guarantee concerned’ in #2 above is USD
100,000,000, and this year’s guarantee includes various other expenses related to the debt.
- The above contents are subject to change depending on
government approvals and the changes in the market situation of the related countries.