News Response (Russia Plant)

17 Dec 2007 10:55

Hyundai Motor Company17 December 2007 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure Date : December 17, 2007 Disclosure Title : Temporary Response to Disclosure Inquiry regarding Rumor or News Responsive disclosure regarding the news report of theEstablishment of Auto manufacturing plant in Russia We have signed an MOU with Russia Saint Petersburg for the construction of aCBU manufacturing plant in order to expand our business in the Russia market.Matters and schedules related to the plant construction may be subject to changedepending on the related laws, regulations, market conditions, etc of eachcountry. Summary of MOU : 1. Expected Investment : USD 400 million2. Plant Capacity : 100 thousand units per annum3. Expected Schedule : plant construction expected to begin during 1st Half 2008 We will disclose any further details by May 31, 2008, except in the casewhere agreements are confirmed, which we will disclose right away. Related Disclosure : October 12, 2007 Name of Disclosure Officer : Dong Wook Park, Director This information is provided by RNS The company news service from the London Stock Exchange