Business and Management Plan (Veloster)

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date : March 10, 2011

Disclosure title : Business and Management Plan (Veloster)

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

1. Project Title : New product launching (Veloster)

2. Project Description

a) Objective : Development and sales of a new model

b) Product features :

- New conceptual PUV(Premium Unique Vehicle) with coupe styled design, practicality of hatchback and

premium of sensibility

- Equipped with Gamma 1.6 GDI engine and 6 speed automatic transmission

- Application of the advanced specification for convenience from basic trim

(Burton engine starting system linked with lighting, Navigation with novel functions, etc.)

c) Investment amount :

- Development cost of KRW 270 billion

- Development period of 40 months

d) Sales volume target :

- Domestic : Limited production and sales of 18,000 units

- Overseas launch schedule : EU (1st Half 2011) / North America (2nd Half 2011)

3. Date of Board Decision : March 10, 2011

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.