We have been conducting and negotiating a feasibility study for the acquisition of the former Daewoo Motor Company’s Plant in Republic of Uzbekistan; however, the negotiations were broken off over the differences between Hyundai Motor and sellers in the terms and condition of negotiation including the acquisition price etc.
Name of Disclosure Officer : Yoo No Hwang,
Senior Vice President
l Date of Related Disclosure
(Korea Stock Exchange) : October 13, 2006