Cancellation of Stock Option

25 Jan 2008 10:02

Hyundai Motor Company25 January 2008 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : January 24, 2008Disclosure title : Resolution of Cancellation of Grant of Stock Option 1. Cancellation Details - Number of person canceling grant : 1 person - Type and number of cancelled shares: 5,000 shares of registered common stock 2. Status of stock options granted after cancellation : - Number of shares : 402,671 shares of registered common stock 3. Reason for cancellation of grant : Voluntary retirement 4. Date of Board Resolution : January 24, 2008 - Attendance of Outside Directors : 5 out of 5 - Attendance of auditors: Yes * Hyundai Motor Company!s audit committee members are all outside directors. (4 out of 4 were present) 5. Persons canceling the grant of stock option / the number of common shares : Name Relationship with Compay # of common shares Remark Kwon Ik Sohn Former Unregistered 5,000 resignation officer This information is provided by RNS The company news service from the London Stock Exchange