Hyundai M.gds O Regulatory News (HYUO)

21 Jul 2006 09:45

Hyundai Motor Company21 July 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : July 19, 2006Disclosure title : Single Sale Supply Contract 1. Name of purchaser(contract counterpart): RZGA Company (Russia) 2. Product Name : CKD (Complete Knock Down, semi-finished product for local assembly production) 3. Amount of contract : KRW 1,570,136,000,000 - Sales Revenue (FY 2005) : KRW 27,383,737,000,000- ratio to sales : 5.73% 4. Region of Sale Supply : Russia 5. Contract Period : 5 years starting from the commencement of production of each model to be supplied ( expected date of initial production : October 2006) 6. Major Terms of Contract : - Supply of County, Aero Town and tractors in the form of CKD's to RZGA Company. - Settlement of major supply contract details for transaction conditions(CIP method : Costs Insurance Paid, delivery once transportation costsand insurance fees are paid) in relations to previous contract forcommercial vehicle CKD technology made on February 9, 2006 (Russia localdate) 7. Contract Date : July 18, 2006 8. Others - The 'degreesAmount of Contract'+/- in #3 above is based on the estimatedamount of supply contract for a 5-year period (USD 1.64 billion, based onthe exchange rate for July 19, 2006 of KRW 957.4/USD), and the totalestimated units of supply for the 5-year period are 77,000 units. - The above supply contract may be subject to change depending ongovernment approvals, related business conditions etc. of the related companies(Hyundai Motor and RZGA). * Related Disclosure : February 10, 2006 on the Korea Stock Exchange This information is provided by RNS The company news service from the London Stock Exchange