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Inverstors News

Resolution of Cancellation of Grant of Stock Option

2004.05.03 No. 231
1. Grant Details
    - Granted Members : 168 persons
    - Type and number of shares:
       2,352,200 shares of registered common stock

2. Date of Board Rresolution : May 3, 2004

3. Reason for cancellation of grant : Voluntary retirement
    - Basis for cancellation : Article 84 section 6.8 of the
       securities exchange law and article 7 section 3 of the
       articles of incorporation of Hyundai Motor Company.

4. Persons canceling the grant of stock option / the number
    of common shares :


Name # of common shares Remark
Steve Morgan 20,000  
Bong-don Kang 10,000  
Se-kyun Choi 5,000  
Su-won Kwon 5,000  
Jong-yeon Lee 10,000  
Hyo-kook Park 5,000  
Yong-chul Kim 10,000  
Seung-il Hong 10,000  
Total 75,000  

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