Investors News

Resolution of the Annual General Meeting of Shareholders’(AGM)

2010.03.12 No. 629

HYUNDAI MOTOR COMPANY (HMC)
Corporate Disclosure to Korea Exchange

Disclosure date : March 12, 2010

1. Approval of the financial statements of the 42^nd business year :
(unit: million KRW)

Total assets	35,446,135	Sales	31,859,327
Total liabilities	13,417,112	Operating income	2,234,962
Capital stock	1,488,993	Net income	2,961,509
Total shareholders’ Equity	22,029,023	*Earnings per share	KRW 10,890

* Opinion of outside auditor : appropriate

2.    Details of dividends:
1)                 Dividends per share :
Common shares              KRW 1,150
Series 1 preferred shares KRW 1,200
Series 2 preferred shares KRW 1,250
Series 3 preferred shares KRW 1,200
2)                 Total cash dividends : KRW 317,198,514,800
3)                 Dividend ratio to market value :
Common Shares                    1.0%
Series 1 preferred Shares     2.8%
Series 2 preferred shares     2.8%
Series 3 preferred shares     3.1%

3.                 Current status of directors and audit committee (as of appointment date) :
1)                 Appointees :
- Internal Directors : total 2 persons
- External Directors : total 2 persons

2)                 Total number of registered directors after appointment : 9
3)                 Total number of outside directors after appointment : 5
4)                 Percentage of outside directors appointed: 55.6%
5)                 Total number of audit committee members after appointment : 4
(all members of the audit committee are outside directors)

4.                 Other resolutions :
1)                 Agenda 1 - Approval of the Financial Statements of 42^nd Business Year (From 01/01/2009 to 12/31/2010) as was originally proposed.
2)                 Agenda 2 - Approval of ‘Appointment of Directors’ as was originally proposed (Internal Directors : 2 persons / External Directors : 2 Persons)
3)                 Agenda 3 - Approval of ‘Outside Director who is an Audit Committee Member’ as was originally proposed (1 persons).
4)                 Agenda 4 - Approval of ‘Limit on Remuneration for Board of Directors’ as was originally proposed.

5.    Date of AGM : March 12, 2010

6.    Others :
-                      The ‘Earnings Per Share’ in #1 above is Basic earnings per common share.

*Details on Appointment of Internal Directors

Name

DOB

Length of Term

Prior term?

Major

Career

Current

Title

Educational

background

Nation-ality

Chung Eui-sun

Oct. 18,

1970

3 yrs

President of Kia Motors

Vice Chairman of HMC

Masters at Univ. of San Francisco

ROK

Yang Seung-suk

Oct. 25, 1953

3 yrs

Yes

CEO of Hyundai Steel

President of HMC

Seoul National Univ.

ROK

*Details on Appointment of External Directors

Name

DOB

Length of Term

Prior term?

Major

Career

Current

Title

Educational

background

Nation-ality

Nam Sung-il

Apr. 18, 1954

3 yrs

Chairman of Korean Labor Economic Association

Professor at Sogang Univ.

Ph.D. in economics from Rochester Univ.

ROK

Im Young-rok

Mar. 30, 1955

3 yrs

Vice Minister, Ministry of Finance & Economy

Masters in economics from Vanderbilt Univ.

ROK

*Details on Appointment of Audit Committee members

Name

DOB

Length of Term

Prior term on the board?

Major

Career

Current Title

Educational background

Nation-ality

Nam Sung-il

Apr. 18, 1954

3 yrs

Chairman of Korean Labor Economic Association

Professor at Sogang Univ.

Ph.D. in economics from Rochester Univ.

ROK

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