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Response to Disclosure Inquiry regarding Rumor or News

2012.05.21 No. 748
Corporate Disclosure to Korea Exchange

Disclosure Date   :   May 21, 2012
Disclosure Title  :   Response to Disclosure Inquiry regarding Rumor or News

1. Title of disclosure
Response to disclosure inquiry regarding stake sales in Korea Aerospace Industries

2. Response from the company
Korea Finance Corporation, the chair of KAI shareholders conference, is leading the sales process of KAI, selecting official advisors. However, it is not yet fully confirmed. HMC will disclose any further progress by November 16, 2012. In the case where any concrete decision has been made, HMC will release an immediate disclosure.

3. Others
Above response is for the disclosure inquiry from Korea Exchange on the rumor regarding involvement of Hyundai Motor Company in Sales of KAI.
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