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Inverstors News

Resolution of Cancellation of Grant of Stock Option

2004.08.02 No. 247

1. Grant Details
    - Granted Members : 165 persons
    - Type and total number of shares:2,277,200 shares of registered common stock

2. Date of Board Rresolution : August 2, 2004

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


Name # of common shares Remark
Park, JongSeo 10,000  
Total 10,000  

4. 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.

5. Exercise Period and Price
    - Period : February 14, 2006 ~ February 13, 2011
    - Price : KRW 26,800

6. Status of stock options granted after cancellation :
    - Grant members : 165 persons
    - Number of shares : 2,267,200 shares

7. Others :
    - The grant members and number of shares above are based on the effective
    members and numbers of shares before this cancellation.
 
Name # of common shares Remark
Park, JongSeo 10,000  
Total 10,000  

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