Decision to conduct asset revaluation

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date : October 28, 2010

Disclosure title : Decision to conduct asset revaluation

1. Object of Revaluation : Land (all worksites including plants and headquarters building)

2. The base date for the revaluation is January 1, 2010.

3. Book Value of Assets : KRW 1,997,611,295,202

4. Appraising organization : Pacific Appraisal Company

5. Date of Decision : October 28, 2010

6. Notes

A) Asset revaluation will be carried out for the purpose of adopting International Financial Reporting

Standards (IFRS).

B) The above book value is as of December 31, 2009.