In accordance with the clause 354 of the Korean Commercial Law and the clause 13 of Hyundai Motor Company’s Article of Incorporation, for the purpose of holding the 34th General Shareholder’s Meeting, we announce our intentions of suspending any changes in title transfer of stocks, registration and cancellation of the right of pledge, indication and cancellation of assets in trusts, etc. in the shareholder’s list during the period from 1 January 2002 until 31 January 2002. Hence, those holding the shares of Hyundai Motor Company should complete all necessary procedures before the aforementioned period. 14 December 2001 Dong Jin Kim, Representative Director Hyundai Motor Company 231, Yangjae-Dong, Seocho-Gu, Seoul J. W. Kang, Chairman Seoul Bank Agent of Title Transfer