Business and Management Plan (Avante)

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date : August 2, 2010

Disclosure title : Business and Management Plan (Avante)

* The following information concerns company's future plans and may be subject to change.

1. Project Title : New product launching (Avante)

2. Project Description

a) Objective : development and sales of a new model

b) Product features : 1.6L Gamma GDI engine

6-speed automatic transmission

Parking assistance system

Tire-pressure monitoring system (TPMS)

Emergency Stop Signal (ESS)

c) Investment amount : development cost of KRW 300 billion

development period of 33 months

d) Sales volume target : domestic 83,000 (2010) / 125,000 (2011)

overseas 400,000 (2012)

3. Date of Board Decision : August 2, 2010

4. Notes

a) Sales volume target may be subject to change depending on business condition and market environment

b) The date of board decision is the date of media announcement of new model launching

c) For more information, please refer to the Hyundai Motor Company homepage at http://worldwide.hyundai.com.