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HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange 

Disclosure Date    :  November 03, 2008

Disclosure Title    :  Addition of an Affiliated Company

• Affiliated Company

(1) Name of Company : Hyundai Motor Company Italy

(2) Representative : Chang Seok Im

(3) Total Assets : KRW 277,719,292,677

(4) Total Liabilities : KRW 274,631,101,965

(5) Total Shareholder's Equity : KRW 3,088,190,711

(6) Paid-in capital : KRW 1,632,130,000

(7) Business Areas : Auto sales

 

2. Name of Company Group : Hyundai Motor Group

 

3. Reason for Addition : 

Addition through the acquisition of an overseas subsidiary(Italy) by Hyundai Motor Company.

 

4. Number of Affiliated Companies after addition : 

- 186 companies

 

5. Date of Addition : November 03, 2008

6. Date of Confirmation : November 03, 2008

 

7. Others : 

- The financial figures in #1 above are as of June 30, 2008 which is not including the initial remittance amount(EUR 45,000,000) and are based on the transaction currency for November 03, 2008(KRW 1632.13/1 EUR)

- The number of affiliated companies in #4 above include both domestic and overseas affiliates (including subsidiaries of the affiliates).

- The addition date in #5 above and the confirmation date in #6 above are the acceptance date of the notice document for an overseas direct investment.

- The above details are subject to change based on the related authorization process and laws of the related countries (including Italy and South Korea)

* Equal announcement obligation for affiliated company 

• Stock Market

- Kia Motors Corporation, Hyundai Mobis, Hyundai Steel, Hyundai Hysco, BNG Steel, Hyundai Autonet, GLOVIS, HMC Investment Securities.

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