1.Name of debtor(major shareholder):
Hyundai Motor Manufacturing Alabama (HMMA)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 100,670,000,000
- Contents of principal debts : Overseas Bond Issuance by the debtor concerned (HMMA)
- Period of guarantee : March 25, 2005 ~ March 24, 2015
- Name of creditor : Overseas Bond Investors of the Issuance Concerned
- Accumulated balance of debt payment guarantee for HMMA for CY 2005 : KRW 100,670,000,000
- Shareholder’s Equity as of end of 2003 : KRW 12,497,925,000,000
- Total Amount of Guarantee for debtor concerned (HMMA) : KRW 503,350,000,000
3. Decision Date (BOD Resolution Date) : March 04, 2005
- 4 out of 4 outside directors were present
- Hyundai Motor Company’s audit committee members are all outside directors. (3 out of 3 were present).
- The amounts above are based on the exchange rates for March 04, 2005 (KRW 1,006.70 / 1 USD).
- The ‘Amount of Guarantee Concerned’ in #2 above is based on the principal of the overseas bond that HMMA expects to issue
- The Guarantee of Debt Payment concerned includes debt-related interests and various other fees and so, may be subject to change depending on the rates and interests to be determined regarding the bond.