HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange 

  Disclosure date : January 22, 2009

  Disclosure title: Change for Business Objective

•  Category : Addition of Business Objective 

2. Contents of addition : Tourist Business and related 
   incidental

3. Reason for addition : Efficient use of current facilities

4. Resolution date of Board of Directors : January 22, 2009

   -attendance of outside directors : 5 out of 5

   -attendance of auditors : Yes

5. Expected date for the General Meeting of Shareholders : 

  - March 13, 2009

6. Others
1) The addition of business objective in # 1 above is the  resolution of the Board of Directors, and may be subject to change depending on process of resolution at the General Meeting of Shareholders and to change in the process of obtaining the approval from related regulatory office

2) The Hyundai Motor audit committee is composed of all outside directors.(4 out of 4 present)