Investment in other corporate

17 May 2006 07:00

Hyundai Motor Company17 May 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : May 12, 2006 Disclosure title : Investment in Other Corporation 1. Details of Company to be invested - Name of Company : Hyundai Motor Manufacturing Czech(Czech Republic) - Relationship with company: To become an Affiliated Overseas Subsidiary after Investment - Paid-in capital (KRW) : 847,020,000,000 - Business area : Automobile and auto parts manufacturing 2. Details of Acquisition : - Acquisition amount (KRW)(A) : 847,020,000,000 - shareholders' equity(KRW)(B) : 14,952,858,000,000 - A/B ratio : 5.66% - Applicability as a large-scale corporation : Yes 3. Shareholding ratio after investment : 100% 4. Method of acquisition : cash acquisition 5. Purpose of acquisition : Expansion of sales and enhancement of brand image through local production in Europe 6. Date of Board Resolution : May 12, 2006 - Attendance of Outside Directors : 3 out of 3 - Attendance of auditors: Yes 7. Applicability of Report to Fair Trade Commission : No 8. Others: - The "Paid-in Capital" above are based on the exchange rate for May 12, 2006 (KRW 1,140 / 1 Euro). - The above contents may be subject to change depending on government approvals, authorization process, and market situations of the related countries. We are planning to invest in installments according to the construction schedule for the plant. - The above details are a responsive disclosure to the request made by the Stock Exchange. - Name of Disclosure Officer : Yoo No Hwang,Senior Vice President * Date of Related Disclosure (Korea Stock Exchange): September 28, 2005 September 30, 2006 March 31, 2006 - Contents of Investment in Other Corporation before the date of submission Company Relationship with Major business Date of Amount of Shareholding rationname company acquisition acquisition after investment (KRW million) (%) Hyundai Motor Affiliated Overseas Testing related to April 20, 2006 5,863 100.0 Europe Subsidiary Automobiles and Technical development of new Center GmbH technology ( Financial Summary of Company to be Invested ) (KRW million)As of FY 2005 Total Assets : 847,020 Total shareholder's equity : 847,020 Paid-in Capital : 847,020 This information is provided by RNS The company news service from the London Stock Exchange