Addition of an Affiliated Co

17 Nov 2006 08:04

Hyundai Motor Company17 November 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure Date : November 17, 2006 Disclosure Title : Addition of an Affiliated Company 1. Affiliated Company (1) Name of Company : WIA Automotive Engine(Shandong)Company (2) Representative : Kim Pyung Ki (3) Total Assets : KRW 169,164,000,000 (4) Total Liabilities : - (5) Total Shareholder's Equity : KRW 169,164,000,000 (6) Paid-in capital : KRW 169,164,000,000 (7) Business Areas : Automotive Engine Manufacturing and sales 2. Name of Company Group : Hyundai Motor Group 3. Reason for Addition : Addition through the establishment of an overseas subsidiary(China) by WIA whichis an affiliate of Hyundai Motor Company. 4. Number of Affiliated Companies after addition : - 156 companies 5. Date of Addition : November 16, 2006 6. Date of Confirmation : November 17, 2006 7. Others : - WIA, Hyundai Motor and Kia Motors are expected to invest 70% totally of the "Paid-in capital(USD 180,000,000)" in #1 above, the "Paid-in capital" is invested separately by the progress. - The financial amounts in # 1 above are based on the exchange rates for November 17, 2006(KRW 939.80 / 1 USD). - 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 is the approval date of operation and the confirmation date in #6 above is the acceptance date of the notice document for establishment of an overseas subsidiary. - The above contents may be subject to change depending on the authorization process, laws and ordinances, etc. of the related countries(including both China and Korea). l Date of Related Disclosure (Korea Stock Exchange) : January 12,2006 * Equal announcement obligation for affiliated company 1. Stock Market Kia Motors Corporation, Hyundai Mobis, Hyundai Steel, KASCO, Hyundai Hysco, BNGSteel, Hyundai Autonet, GLOVIS 2. KOSDAQ Market Eco Plastic Corporation This information is provided by RNS The company news service from the London Stock Exchange