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Resolution on Acquisition of treasury stock

2005.02.04 No. 297
1. Purpose of Contract : Stabilization of treasury stock price
 
2. Number of shares acquired :
     - Common Share : 11,000,000
     - Preferred Share : 1,000,000
 
3. Expected amount of acquisition:
     - Common Shares : KRW 617,100,000,000
     - Preferred Shares : KRW 34,050,000,000
 
4. Closing price for the day before resolution date :
     - Common Shares : KRW 56,100
     - Preferred Shares : KRW 34,050
 
5. Period for acquisition : From February 11,2005 to May 06, 2005
 
6. Method of acquisition : purchase in the market
 
7. Securities firms commissioned for acquisition :
     Daewoo Securities Co.,Ltd., Mirae Asset Securities,
     Hyundai Securities,Samsung Securities, Woori Securities
 
8. Status of treasury stock holdings before acquisition:
 
  Type of shares Number of shares Percentage(%)
Number of Direct Holdings Common shares - -
Preferred shares 1,950,960 3.0
Number of Indirect Holdings by Trust contract Common shares 1,026,510 0.5
Preferred shares 1,187,640 1.8
Number of trust ContractS and Contract amount Number of Contracts 11
Total contract Amount (KRW) 66,160,000,000
 
9. Resolution date of Board of Directors : February 4,2005
     - attendance of outside directors : 3 out of 4
     - attendance of auditors : not present
 
10. Others
     1) The preferred shares in #2,#3 and #4 above are type 2 preferred shares.
     2) The Expected amount of acquisition in #3 above, which is the amount of #2 multiplied by #4, is based on the closing price for February 3, 2005, and maybe subject to change depending on the actual purchase price.
     3) The Hyundai Motor audit committee is composed by outside directors.
          - attendance of outside directors : 3 out of 3
     4) The above contents may be subject to change depending on the related laws.
  Type of shares Number of shares Percentage(%)
Number of Direct Holdings Common shares - -
Preferred shares 1,950,960 3.0
Number of Indirect Holdings by Trust contract Common shares 1,026,510 0.5
Preferred shares 1,187,640 1.8
Number of trust ContractS and Contract amount Number of Contracts 11
Total contract Amount (KRW) 66,160,000,000
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