Purchase of Asset...

15 Mar 2006 10:15

Hyundai Motor Company15 March 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : March 15, 2006 Disclosure title : Purchase of Asset Regarding Major Shareholders and Others Name of Seller: Hyundai Mobis Co., Ltd. 1. Relationship with company : Affiliated Company 2. Purchase Amount : KRW 3,444,800,903 3. Object of Purchase : R&D assets and work results regarding Hybrid and ASV (Advanced Safety Vehicle) 4. Purpose of Purchase : Strengthen R&D capabilities and secure technological competitiveness in weak areas 5. Effects of Asset Purchase on current year's business operations etc. : Expected strengthening of Hyundai Motor's operational competitiveness 6. Decision Date(Contract Date) : March 15, 2006 7. Others: - The Purchase amount in #2 above is based on February 18, 2006(excluding value added tax), and may be subject to change dependingon the final asset inspection and appraisal results. - Because sale/purchase of government-sponsored projects requires approvalby the related parties, additional account settlements may occur dependingon possible approval delays etc. This information is provided by RNS The company news service from the London Stock Exchange