1. Name of Transaction conterpart : Rotem Company
- Relationship with Company : Affiliate
2. Details of Transaction: -
3. Accumulated Amount of Transaction with Majore Shareholder Concerned (KRW) : -
4. Decision Date : March 12, 2004
- attendance of outside directors : 3 out of 4
- attendance of auditors : present
5. Applicability of Fair Trade Act : Yes
6. Others :
- guarantee of fulfillment of obligations and payments for UTS, the US subsidiary of
Rotem Company, a company specializing in railroad cars.
- Contents of Guarantee : Execution of payment for liabilities for the supply of
104 electric railroad cars (approx. USD 240 million) as stated in the supply contract
between the Southeastern Pennsylvania Transportation Authority (SEPTA) and UTS.
- This guarantee is in accordance with and at the request of the Southeastern
Pennsylvania Department of Transportation`s mandatory criteria for the awarding of
commuter rail car bidding.
- Guarantee Period : May 2004 ∼ May 2010 (4 years for supply and 2 years for
defect warranty starting from the contract signing date, totaling 6 years).
- The Contents of Guarantee may be subject to change depending on the related
laws.
- The auditor(s) mentioned in #4 above represents member(s) of the audit
committee.
