Disposal of Investment shares

7 Aug 2006 10:29

Hyundai Motor Company07 August 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : August 07, 2006 Disclosure title : Disposal of Investment Shares in Major Shareholder 1. Name of investments shares recipient : MSPE Metro Holdings AB, which is a subsidiary of Morgan Stanley Private EquityHoldings AB 2. Details of Disposal: - Object of disposal : 10,658,367 common shares of ROTEM Company - Amount of disposal : KRW 85,266,936,000 - Total disposal amount in ROTEM : KRW 85,266,936,000 - Purpose of disposal : Strategic capital alliance with Morgan Stanley 3. Date of BOD Resolution : August 07, 2006 - Attendance of Outside Directors : 2 out of 3 - Attendance of auditors: 3 out of 3 were present * The auditors are members of the audit committee 4. Applicability under Fair Trade Act : No 5. Others: - The expected disposal date is tentatively the end of August 2006. - The above contents are subject to change depending on process for the salescontract and related regulations. This information is provided by RNS The company news service from the London Stock Exchange