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Disaffiliation of an Affiliated Company

2004.04.27 No. 230
1. Disaffiliated Company :
- Name of company : e-hd.com
- Name of representative : Dong Jin Kim
- Paid-in capital : KRW 20,023,000,000
- Total assets : KRW 43,499,000,000
- Business areas : Satellite image and remote education industries

2. Investment Amount Disposed : -
- Number of shares disposed : 1,664,368 shares
- Shareholding ratio after disposal (%) : -
3. Name of Company Group : Hyundai Motor Company

4. Number of Affiliated Companies :
- Before disaffiliation : 28
- After disaffiliation : 27

5. Total Assets of Affiliates :
- Before disaffiliation : KRW 62,262,806,000,000
- After disaffiliation : KRW 62,262,806,000,000

6. Reason for Disaffiliation : Acquisition into World Industries Ace. Corp.

7. Date when Disaffiliation is Confirmed : April 26, 2004

8. Others :
- The number of shares disposed are e-hd.com shares possessed by Hyundai Motor Company before the acquisition.
- The above paid-in capital, total assets and total assets of affiliates are figures as of the end of 2003, and reflects a deletion of less than KRW 1,000,000
- The date specified in #7 above is the Fair Disclosure Commission’s receival date of the notice of disaffiliation

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