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Inverstors News

Equity Investment in Major Shareholder

2004.07.21 No. 241
1. Name of invested company: Hyundai Card Co., Ltd.
    - Relationship with company : Affiliated company

2. Contents of investment
    - Expected date of investment : August 30, 2004
    - Object of investment : 32,533,153 registered common shares of Hyundai Card Co.,
       Ltd.
    - Investment amount : KRW 162,665,765,000
    - Total accumulated investment amount : KRW 557,126,086,520

3. Total Accumulated Equity Investment by Hyundai Motor Company from Beginning of Current Fiscal Year to Current Date : KRW 324,168,000,000
    - Paid-in Capital at the End of the Previous Fiscal Year : KRW 12,497,925,000,000
    - Ratio to Paid-in Capital : 2.95%

4. Purpose of investment: Participation in rights offering in order to increase the synergy effect with the auto industry.

5. Date of board resolution : July 21, 2004
    - 3 out of 4 outside directors were present.
    - 3 out of 3 auditors were present.

6. Applicability of Korean Fair Trade Act : YES

7. Others:
    - The auditors in # 5 above are members of the audit committee.
    - Amounts less than KRW 1,000,000 have been deleted from #3 above
    - The investment amount in # 2 above is at KRW 5,000 per share.
    - The above details may be subject to change depending on the detailed schedule.
    - Detail matters other than the above are to be delegated to the Representative
       Director.
    - The `Total Accumulated Equity Investment by Hyundai Motor Company from
       Beginning of Current Fiscal Year to Current Date` in # 3 above is based on the
       exchange rates for July 21, 2004
       (KRW 1,162.1 / 1 USD; KRW 10.7027 / 1 JPY; KRW 1,433.16 / 1 EUR)

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