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Purchase of Corporate Bond for Related Party or Purchase of Corporate Bond from Related Party

2009.03.24 No. 589
HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange



Disclosure date   : March 20, 2009
Disclosure title   : Purchase of Corporate Bond for Related Party or Purchase of Corporate Bond from Related Party


1.       Issued by : Kia Motor Company
- Relationship to Company : Related Party

2.   Date of Purchase : March 19, 2009

3.   Transaction Counterparty : Kia Motor Company
- Relationship to Company : Related Party

4.   Amount of Transaction : KRW 20,900,000,000

5.   Remaining Balance with Counterparty: KRW 20,900,000,000

6.   Coupon : 1%

7.   Details of Bond :
- Type of Bond : The 275th Bearer Form Unsecured Corporate Bond with Warrant (Warrant can be split)
- Total Face Value : KRW 400,000,000,000
- Total Face Value / Equity = 21.6%
- Annual Coupon : 1%
- Date of Issue : March 19, 2009
- Maturity : March 19, 2012

8.   Purpose of Transaction : Completion of Subscription for Corporate Bond with Warrant issued by Kia Motors Corporation

9.   Note :
- The above “Transaction Amount” is the actual amount that has been paid in full for the bond that the Company received as result of Kia Motor’s bond subscription.
- The above “Transaction Amount” is the combined amount that the Company has received from the lead managers (Woori Investment & Securities Co., HMC Investment Securities, and Daewoo Securities) as result of subscription. The company received 1/3 of total amount from each lead manager.



*Related Disclosure Date : March 13, 2009

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