1. Name of Borrower : Daimler Hyundai Truck Corporation
- Relationship with Company : Affiliate
2. Details of Loan:
- Date of Loan : May 12, 2004
- Amount of Loan : KRW 21,700,000,000
- Accumulated Balance of Loan to the major shareholder concerned : KRW 43,198,750,000
- Terms and Conditions of Loan :
A. Loan Period - May 12, 2004 ~ Novmber 12,2004
B. Interest Rate - 9% per annum
- Accumulated Balance of Loan to all Major Shareholders in 2004 : KRW 43,198,750,000
- Shareholders` equity as of the end of 2003 :
- `Accumulated Balance of Loan to all major shareholders
in 2004` to `Shareholders` equity` : 0.35 %
3. Purpose of Providing Loan :
To promote smooth supply of truck engines by providing a loan for operational purposes
4. Decision Date : May 12, 2004
- attendance of outside directors : 3 out of 4 present
- attendance of auditors : 3 out of 3 present
5. Applicability of Fair Trade Act : Yes
6. Others :
- The auditor(s) mentioned in #4 above represents member(s) of the audit committee.
- Amounts less than KRW 1,000,000 have been rounded up for the amount of shareholders` equity in #2.
- The contents of above may be subject to change depending on the related laws.