22. 3. 4 6 5 4 3 2 8 82 84 86 88 9 92 94 96 98 1

4 35 3 25 2 15 1 5 98.1.2 98.6.11 98.11.18 99.4.28 99.1.4.3.13.8.17 1.1.29 1.7.6 1.12.26 5 45 4 35 3 25 2 15 1 5 1.8 1.9 1.1 1.11 1.12 1.1 2.2

2 12 15 1 5 Operating Margin Sales Growth 1 8 6 4-5 2 1 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 35 3 25 2 15 1 5 Total Debt to Total Assets Total Debt to EBITDA 1991 1992 1993 1994 1995 1996 1997 1998 1999 2 6 5 4 3 2 1

6 5 4 3 2 1 NCF/TD FFO/TD -1 1991 1992 1993 1994 1995 1996 1997 1998 1999 2

2.2 BBB 2. 1.8 1.6 1.4 BBB 1.2 1. 98.1.1 99.3.29 99.9.16.3.9.8.29 1.2.3 1.8.15 2.2.22

7 6 5 4 3 2 1 1.2.19 1.5.19 1.8.19 1.11.19 2.2.19 53 13 BBB- 52 12 11 51 1 5 49 48 AA- 9 8 7 1.26 2.2 2.9 2.16 2.23 5, 4, 3, 2, 1, -1, -2, -3, -4, 1=11 2=12 3=1 4=2

168 AAA 21 5, 5. 3.4 6.24-11 1/8 1 AAA 8 1, FRN 32.9 5.32 1/11 1 AAA 4 1, 5. 32. 6.25-7 1/1 2 AA+ 26 3, 5. 31.8 6.46 3 1/9 3 AA+ 1,124 3, FRN 33.9 4.56 1/12 SK 23 AA+ 7 2, 6. 3.6 6.24-24 1/8 SK 26 AA+ 2 2, 6. 57.7 7.2-36 1/11 SDI55 AA 2 1,5 5. 31.5 6.42-24 1/1 3 AA- 1, 3, 7. 23.3 5.99-3 1/1 LG 11 AA- 3 2, 7. 15.6 5.56-3 1/5 SK22 AA- 4 1, 6. 23.5 5.94-25 1/2 82 A+ 2 2, 8. 17. 5.68-4 /7 38 A+ 24 3, 6. 29.5 6.36-4 1/7 4 A+ 3,2 3,5 6. 36. 6.69-37 2/2 288 A+ 582 4,5 7. 22.7 6.9-27 /12 297 A+ 9 2, 6. 28.5 6.44-24 1/7 31 A+ 1,1 2, 5. 32.1 6.48-34 1/1 32 A+ 3 1,5 6. 34. 6.55-34 1/12 259 A 4 2,5 7. 23.7 6.26-25 1/2 71 A 3 3 6. 23.5 6.15-4 1/2 116 A 4 4 8. 19.4 6. -34 /1 117 A 448 4 8. 2. 6.3-34 /1 123 A 2 5 6. 24.7 6.24-34 1/2 28 A 6 5 6. 35.2 6.83-3 2/1 SK 152 A 1,1 1,1 7. 23.6 6.14-39 1/1 SK 153 A 5 2,5 6. 13.4 5.54-5 1/3 SK 155 A 2, 4, 7. 27.4 6.32-35 1/5 SK 156 A 54 3, 6. 32.6 6.58-44 1/1 119 A- 1,1 8 6. 36. 6.97-47 2/2 83 A- 2 1, 8. 17.7 6.1-41 /8 86 A- 5,5 3, 6. 36. 6.91-54 2/2 43 A- 74 1, 6. 43.5 7.43-22 1/9 1 A- 2,17 2, 6. 24.2 6.51-27 1/2 12 A- 3,1 2,5 6. 29.6 6.75-29 1/7 15 A- 4,9 2, 6. 36. 7.2-29 2/2 92 A- 76 2,3 9. 15.7 6.11-26 /5 93 A- 2 2,15 8. 19. 6.31-29 /9 31 BBB+ 2 2 6. 3.2 7.19-79 1/8 134 BBB+ 2 5 6. 31.2 7.15-84 1/9 123 BBB+ 2 1 6. 53.8 7.9-91 1/8 36 BBB+ 2 3 6. 32.6 7.45-64 1/1 98 BBB+ 4 1, 6. 35.3 7.58-68 2/1 7 BBB+ 2 1, 6. 29. 7.58-26 1/7 SKC98 BBB+ 4 5 6. 34.4 7.45-75 1/12 1-1 BBB 6 7 6. 24. 7.39-26 2/2 12-1 BBB 3,39 1,5 8. 36. 8.75-149 2/2 233 BBB 4 1,5 7.5 32.7 7.61-231 1/11 234 BBB 2 1, FRN 21.2 6.87 1/11 97 BBB 255 9 5. 21.3 7.17-218 1/11 132 BBB 4 1, 8. 17. 7.74-131 /7 LG 149 BBB 2 5 6. 28.6 7.75-187 1/7 1 BBB- 567 2,5 9. 16. 8.27-172 /6 18-2 BBB- 3 1 6. 3. 8.58-217 2/2

- 221. 2/22 INI KMCC 2/22-23, 12, H, STS KIS 2/21. UP BBBBBB+ - 213 1,45., -,. -,, - 2/25 SK C&C KIS 2/25-1991SK, 1998SK SI SK NICE 2/25 SI. UP BBB+A- -, 21 SI 3.,,. - SK, -,, SI. -,,, 28,,

3/4 3. 6. 6.35% 1,5 45,4 15.4 17. 18. 67.6 47.9 54.4 3.47 5.84 6.6.893 (AAA) - 218,982, 13,128 278-221,, 262(3/15, 1,5 ). 4 263(1,5 ) 3/6 3. 6. -15 9 9,91 13.9 1. 8.6 184. 85.4 19.7.93.73.79.2412 (BBB-) - 213,2, 4,513 21-1 - 224,9, 7. 9, 2 3~4 174, 188 3/6 1. FRN 3+1.2% 2 9,91 13.9 1. 8.6 184. 85.4 19.7.93.73.79.2412 (BBB-) 21-2 SK C&C 3/8 3. 6. -5 4 1,1.6 5. 1.2 433.7 43.4 197.6.69 1.17 2.69 1.1427 (A-) - 2161 1 6-224, 3/8 3. 6. -135 7 2,829 26.3 32.5 29.7 266.8 145.8 94.2.8 1.3 2.15.296 (BBB+) - 216, 88 124-222,559, 7. (3/3) 3/8 2. 11. - 1 1, 8.1 8.2 7.8 532.1 386.3 333.7.69 1.2 1.13.726 (BB+) - 2152 22-22862, 13