Guarantee of Debt Payment

30 Mar 2006 09:31

Hyundai Motor Company30 March 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : March 29, 2006Disclosure title : Guarantee of Debt Payment for Major shareholder 1. Name of debtor(major shareholder):Hyundai Motor Japan (HMJ)- Relationship with Company : Affiliated Overseas Subsidiary 2. Details of Guaranteed Debt :- Amount of guarantee concerned : KRW 8,278,600,000- Contents of principal debts : Extension of Credit Line Guarantee- Period of guarantee : March 31, 2006 - March 30, 2007- Name of creditor : Hana Bank Tokyo Branch- Accumulated balance of debt payment guarantee for HMJfor CY 2005(excluding the amounts stated in previous announcement for saiddebtor concerned) : KRW 8,278,600,000- Shareholder's Equity as of end of 2004 : KRW 13,365,111,000,000- Total Amount of Guarantee for debtor concerned (HMJ) : KRW 33,114,400,000 3. Decision Date : March 29, 2006 4. Others: - The "Shareholder's Equity as of end of 2004" in #2 above representsthe amount approved at the 37th Annual General Meeting of Shareholders (March04,2005) reflecting the effects of Kia Motors Corporation's (a subsidiary underHyundai Motor Company) change in its accounting policy - The guarantee amount above is based on the transaction exchange ratesfor March 29, 2006(KRW 8.2786 / 1 JPY). - The "Amount of Guarantee Concerned" in #2 above is based onthe borrowing limit for HMJ (JPY 1,000,000,000), and may be subject to changeafter reflecting the related interests and commissions. - The decision date in #3 is the acceptance date of guarantee contract report. - The "Accumulated balance of debt payment guarantee for HMJ" in #2 above includes the said guarantee of debt payment concerned above(KRW 8,278,600,000). - The above contents may be subject to change depending on government approvals,authorization process, and market situations of the related countries. * Date of related disclosure : March 21, 2005 This information is provided by RNS The company news service from the London Stock Exchange