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Guarantee of Debt Payment for Major shareholder

2005.11.04 No. 387
1. Name of debtor(major shareholder):
Hyundai Motor Finance Company (HMFC)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 125,076,000,000
- Contents of principal debts : Credit Line Guarantee
- Period of guarantee : November 23, 2005 ~ May 22, 2007
- Name of creditor : Deutsche
- Accumulated balance of debt payment guarantee for HMFC for CY 2005(excluding the amounts stated in previous announcement for said debtor concerned) :
KRW 125,076,000,000
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
- Total Amount of Guarantee for debtor concerned (HMFC) :
KRW 698,341,000,000
3. Date of BOD Resolution : November 04, 2005
- Attendance of Outside Directors : 2 out of 4
- Attendance of auditors: 2 out of 3 were present
* Hyundai Motor Company’s audit committee members are all outside directors
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 amount above is based on the transaction exchange rates for November 04, 2005 (KRW 1,042.30 / 1 USD).
- The “Amount of Guarantee Concerned” in #2 above is based on the borrowing limit for HMFC (USD 120,000,000), and may be subject to change after reflecting the related interests and commissions.
- The “Accumulated balance of debt payment guarantee for “HMFC” in #2 above includes the said guarantee of debt payment concerned above(KRW 125,076,000,000).
- 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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