Equity Investment in Affliate

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date: March 16, 2012

Disclosure title: Equity Investment in Affiliate

1. Name of counter-party in transaction : JFE Steel

- Relationship with Company : None

2. Details of Transaction:

- Purchasing 2,600,000 common shares of Hyundai Hysco from JFE Steel

- Expected transaction date: March 16, 2012

- Transaction amount: KRW 101,660 million

- Total investment amount in Hyundai Hysco after transaction:

KRW 302,428 million

3. Object of Transaction: Purchase of Equity Investment

4. Date of BOD Resolution: March 16, 2012

- Attendance of Outside Directors : 5 out of 5

 - Attendance of auditors: Yes

* The auditors are members of the audit committee

5. Others:

- The expected transaction date in #2 is actual date of

transaction.

- Method of purchasing is after-hours large trading.