Hyundai Worldwide Global Navigation
| 1. Transferree | : Hyundai Precision & Industries Co. Ltd. |
| 2. Objective of Transfer | : Auto Parts Business of Hyundai Motor Company And related employees |
| 3. Amount of Transfer | : Amount will be finalized after asset due diligence |
| 4. Purpose of Transfer | : To maximize manufaturing efficiency for completd built vehicles through the separation of auto parts sales business for after service purpose |
| 5. Date of Transfer | : Feburary 1, 2000 (Tentative) |
| 6. Appraisal Rights | : N/A |
| 7. Date of Board Resolution | : December 16, 1999 |