Equity Investment in Major Sh

25 Oct 2007 12:05

Hyundai Motor Company25 October 2007 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : October 24, 2007 Disclosure title : Equity Investment in Major Shareholder 1. Name of investment recipient : Hyundai Powertech - Relationship with Company : Affiliate 2. Details of Investment: - Object of investment : 2,972,650 common shares of Hyundai Powertech - Investment amount : KRW 15,000,000,000 - Total investment amount in Powerterch : KRW 135,000,000,000 - Method of Investment : Participation in rights offering 3. Date of BOD Resolution : October 24, 2007 - Attendance of Outside Directors : 5 out of 5 - 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 Investment date will be tentatively mid - November 2007. - Amounts less than KRW 100,000 have been rounded up in the !(R)Total investment amount in Powertech! in #2 above, assuming the participation in rights offering - The above contents are subject to change depending on process for the participation in rights offering and related regulations. This information is provided by RNS The company news service from the London Stock Exchange