addition of affiliate

29 Aug 2008 10:44

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Stock Exchange 

Disclosure Date :  August 28, 2008

Disclosure Title : Addition of an Affiliated Company

1. Affiliated Company

(1) Name of Company : Innocean Worldwide Australia Pty Ltd

(2) Representative : Tae Young Kim

(3) Total Assets : KRW 465,535,000

(4) Total Liabilities : -

(5) Total Shareholder's Equity : KRW 465,535,000

(6) Paid-in capital : KRW 465,535,000

(7) Business Areas : Advertising agency and advertisemen

production

2. Name of Company Group : Hyundai Motor Group

3. Reason for Addition : 

Addition through the establishment of an overseas subsidiary(Germany) by Innocean Worldwide which is an affiliate of Hyundai Motor Company.

4. Number of Affiliated Companies after addition : 

- 179 companies

5. Date of Addition : August 28, 2008

6. Date of Confirmation : August 28, 2008

7. Others : 

- The financial figures in #1 above are based on the transaction currency for August 28, 2008(KRW 931.07 / 1 AUD)

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

- The confirmation date in #6 above are the acceptance date of the notice document which notices that the above company is included in the group.

- The above details are subject to change based on the related authorization process and laws of the related countries (including Australia 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.