FOUNDATION OF A SUBSIDIARY OF KIA AUTO AS IN LATVIA


On June 11th, 2007 KIA Auto AS founded in Latvia a full subsidiary Kia
Automobile SIA. The share capital of Kia Automobile SIA is two thousand Latvian
lats (2,87 thousand euros). The Member of the Board is Jaak Heinola. 
The purpose of the founded company is developing and operating the retail and
services of KIA cars in Latvian car retail market. 

1 LVL = 22,4739 EEK
1 EUR = 15,6466 EEK


Raul Puusepp
The Chairman of Board
Phone: +372 7 315 000