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Acquisition of Treasury Stock

2010.07.29 No. 638

HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange

Disclosure date    :             July 29, 2010
Disclosure title     :             Resolution on Acquisition of Treasury Stock

1. Number of shares to be acquired :             1,686,330 common shares

2. Expected acquisition amount        :             KRW 244,500,000,000

3. Expected period of acquisition     :             July 30 ~ September 27, 2010

4. Purpose of acquisition                 :             grant of bonus stock to employees

5. Method of acquisition                  :             market purchase

5. Security firm commissioned         :             HMC Investment Securities

6. Date of board decision                :             July 29, 2010
* 5 of 5 external directors were present for the board decision. Audit committee member was also present.

7. Treasury stock holdings at the time of disclosure (prior to acquisition)

Type of shares

Number of shares

% of total shares issued

Common

11,003,110

5.0%

Preferred

2,950,960

4.5%


8. Notes

a. The “Expected acquisition amount” has been calculated by multiplying the number of shares to be acquired by the closing price of common share the day before the board decision date. The amount is subject to change based on shift in share price. (Closing price of common share on July 28, 2010 : KRW 145,000)


b. Limitation to number of shares that can legally be purchased in the market on a single day
             - No more than 278,061 shares on a single day
*According to Korean regulation, the maximum number of allowable purchase is determined by the following rule.
1) Must be less than 1% of total number of shares issued = less than 2,202,764 shares
2) The larger of A and B.
A. 25% of average daily trading volume during the period of 1 month prior to disclosure = 278,061 shares.
B. 10% of total shares to be acquired = 168,633 shares


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