Hyundai Mtr.gdr Regulatory News (HYUD)

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Title : Resolution of Year-end Dividend

1. Category : Year-end Dividend

2. Type : Cash Settlement

3. Dividend per share(KRW):

- Common Share : 8,400

- Preferred Share : 8,500

4. Dividend rate at market value(%):

- Common Share : 4.6

- Preferred Share : 7.7

5. Total annual dividend amount: KRW 2,212,882,000,000

6. Record date of dividend : February 29, 2024

7. Expected date of dividend payment : -

8. Resolution of AGM : Yes

9. Expected date for the AGM : -

10. Resolution date of Board of Directors : January 25, 2024

- attendance of independent directors : 7

- attendance of auditors(non BOD member) : -

11.  Others :

- The above may be changed depending on the results of Annual General Meeting ofShareholders

- 2023 total dividend per share is KRW 11,400 (based on common share)

Quarterly dividend for Q2 : KRW 1,500

Quarterly dividend for Q3 : KRW 1,500

Year-end dividend : KRW 8,400

- The dividend information above for preferred share is based on type 2 preferred share :

- The "Total annual dividend amount" in #5 is rounded up to KRW 1,000,000.

- Related to #7, #8 and #9, the "Expected date of AGM" is undecided and for the

"Expected date of dividend payment", payment will be made after & within 1 month of 

? ?the resolution date of Annual General Meeting of Shareholders.

- Hyundai Motor Company's audit committee members are all independent directors.