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Disaffiliation of Hyundai Motor Company from Hyundai Group

2000.05.18 No. 28
(1) Stake-holding Disposal: In order to meet with the disaffiliation requirement under the Fair Trade Act, Hyundai Motor Company will dispose the stake holdings over 3% of the listed companies of Hyundai affiliation and over 15% of the unlisted companies of Hyundai affiliation.
(2) Elimination of Dual Board Seat: Any directors holding dual directorship must resign from the directorship other than Hyundai Motor Company.
(3) Expected Date of Stake Disposal: May 26, 2000
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