HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange
Disclosure title : Investment in an affiliate company
1. Counterparty: IGE USA Investments
2. Investment Detail
A. Date of Investment: January 5th 2016
B. Investment Target: Hyundai Capital Common 3,178,738 Shares
C. Investment Amount: About 96,000 million Korean Won
D. Total Paid-in Capital in Hyundai Capital: 596,325 million Korean Won
3. Purpose of Investment: Increase in equity investment
4. Resolution date of Board of Directors: December 22, 2015
A. Attendance of outside Directors: 5
B. Attendance of Auditors: Yes
If the counterparty fails to find 3rd party buyer for the rest of 20% equity in Hyundai Capital, the counterparty may exercise the put option. Therefore, there is a possibility for a further investment in Hyundai Capital.
The above contents may be subject to change depending on procedures of investment or related legislations.