1. Name of debtor(major shareholder):
Hyundai Motor Europe (HME)
- Relationship with Company : Affiliated Overseas Subsidiary
2. Details of Guaranteed Debt :
- Amount of guarantee concerned : KRW 14,858,760,000
- Contents of principal debts : Term Loan
- Period of guarantee : November 11, 2005 ~ November 10, 2008
- Name of creditor : Korea Development Bank (London Branch)
- Accumulated balance of debt payment guarantee for HME for CY 2005(excluding the amounts stated in previous announcement for said debtor concerned) :
- Shareholder’s Equity as of end of 2004 : KRW 13,365,111,000,000
- Total Amount of Guarantee for debtor concerned (HME) :
3. Decision Date : November 08, 2005
- 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 08, 2005 (KRW 1,238.23 / 1 EUR).
- The “Amount of Guarantee Concerned” in #2 above is based on the capital borrowing for HME (EUR 12,000,000), and may be subject to change after reflecting the related interests and commissions.
- The expected “Period of guarantee” in #2 above is 3 years from the first date of withdrawal.
- The decision date in #3 is the acceptance date of guarantee contract report.
- The “Accumulated balance of debt payment guarantee for HME” in #2 above includes the said guarantee of debt payment concerned above(KRW 14,858,760,000).
- The above contents may be subject to change depending on government approvals, authorization process, and market situations of the related countries.