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Resolution of Cancellation of Grant of Stock Option

2005.08.02 No. 360
1. Cancellation Details
- Number of person canceling grant : 4 persons
- Type and number of cancelled shares:
9,312 shares of registered common stock
2. Details of Cancelled Shares :
- Date of Grant: February 14, 2003
- Exercise Period : February 14, 2006 ~ February 13, 2011
- Exercise Price : KRW 26,800
3. Status of stock options granted after cancellation :
- Number of persons with grant : 157 persons
- Number of shares : 1,678,088 shares of registered common stock
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. Date of Board Resolution : August 02, 2005
- Attendance of Outside Directors : 2 out of 4
- Attendance of auditors: 2 out of 3 were present
* Hyundai Motor Company’s audit committee members are all outside directors
6. Persons canceling the grant of stock option / the number
of common shares :

Name

# of common shares

Remark

Shin, Hyun Oh

1,562

resignation

Lee, Jea Wan

3,106

resignation

Kim, Kyoung Han

1,548

resignation

Park, Sung Dong

3,096

resignation

Total

9,312

 

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