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Guarantee of Debt Payment for Major shareholder

2005.05.06 No. 335
Beijing Jingxian Motor Safeguard Co., Ltd (BJMS)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 2,499,000,000
- Contents of principal debts : Term Loan Extension
- Period of guarantee : May 17, 2005 ~ May 16, 2006
- Name of creditor : The Korea Development Bank(Shanghai Branch)
- Accumulated balance of debt payment guarantee for BJMS for CY 2005 : KRW 2,499,000,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
- Total Amount of Guarantee for debtor concerned (BJMS) : KRW 2,499,000,000
3. Decision Date : May 06, 2005
4. Others:
- The “Accumulated balance of debt payment guarantee for HMETC for CY 2005” 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 amount above is based on the exchange rates for May 06, 2005 (KRW 999.6 / 1 USD).
- The “amount of guarantee concerned” in #2 above is based on the expected capital borrowing (USD 2,500,000), and may be subject to change after reflecting the related interests and commissions.
- The decision date in #3 is the acceptance date of guarantee contract report.
- The “total amount of guarantee for debtor concerned (BJMS)” in #2 above reflects the said guarantee of debt payment concerned above(KRW 2,499,000,000).
- The above contents may be subject to change depending on government approvals, authorization process, and market situations of the related countries.
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