JPMorgan - KASE

4 The issue of the notes was authorized by a resolution of the issuer’s management board
adopted on January 23, 2003. The guarantee of the notes by Hurricane was approved by its
board of directors by resolutions adopted on February 3, 2003. The guarantee of the notes
by HKM was approved by its managing board by resolutions adopted on April 17, 2002 and
by its shareholders by resolutions adopted on May 24, 2002. The guarantee of the notes by
HOP was approved by its managing board by resolutions adopted on April 18, 2002 and by
its shareholders by resolutions adopted on May 24, 2002.
5 Except as disclosed in this offering memorandum, there has been no material adverse change
in the financial position of the issuer since the date of its incorporation.
6 Except as disclosed in this offering memorandum, there has been no material adverse change
in the financial position of Hurricane and its direct and indirect subsidiaries since December
31, 2001.
7 Except as disclosed in this offering memorandum, we are not involved in, and have no
knowledge of a threat of, any litigation, administrative proceeding or arbitration which is or
may be material in the context of the issue of the notes.
8 We have appointed J.P. Morgan Bank Luxembourg S.A. as the paying and transfer agent for
the notes in Luxembourg. We reserve the right to vary such appointment. So long as the
notes are listed on the Luxembourg Stock Exchange, we will maintain a paying and transfer
agent in Luxembourg.
9 The notes have been accepted for clearance through the facilities of DTC, Euroclear and
Clearstream, Luxembourg. The Restricted Global Note has a CUSIP number of 447793AA8 and
the Unrestricted Global Note has a Common Code of 016268038 and an ISIN of
XS0162680382.
10 According to Chapter VI, Article 3, point A/II/2 of the rules and regulations of the
Luxembourg Stock Exchange, the securities shall be freely transferable and therefore no
transaction made on the Luxembourg Stock Exchange shall be cancelled.
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