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Guarantee of Debt Payment for Major shareholder

2005.07.15 No. 351
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 15,562,500,000
- Contents of principal debts : Term Loan
- Period of guarantee : July 19, 2005 ~ July 19, 2010
- Name of creditor : The Export-Import Bank of Korea
- Accumulated balance of debt payment guarantee for BHMRED
: KRW 15,562,500,000
- Total Amount of Guarantee for debtor concerned (BHMRED)in 2005(excluding the amount stated in the last announcement for said debtor concerned) : KRW 15,562,500,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
3. Decision Date : July 15, 2005
4. 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 guarantee amount above is based on the exchange rates for July 15, 2005 (KRW 1,037.50 / 1 USD).
- The “Amount of Guarantee Concerned” in #2 above is based on the capital borrowing for BHMRED (USD 15,000,000), 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 “Accumulated balance of debt payment guarantee for BHMRED” in #2 above includes the said guarantee of debt payment concerned above(KRW 15,562,500,000).
- 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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