Inquiry regarding rumor

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Title: Response to Disclosure Inquiry regarding Rumor or News

1. Title of disclosure

Response to disclosure inquiry regarding a company's review on investment in GE ownedHyundai Capital and Card share.

2. Response from the company

For the GE owned Hyundai Capital and Card share, GE examined a number of potentialbuyers including HMC. In this regard, HMC has decided not to participate in the acquisition process. Instead, third party will acquire those shares.

3. Others

Above response is for the disclosure inquiry from Korea Exchange on the rumor regardinginvolvement of Hyundai Motor Company's investment in Hyundai Capital and Card shares previously owned by GE

Related disclosures previously issued: October 22nd 2014, November 21st 2014, May 20th 2015, November 19th 2015, December 22nd 2015, June 21st 2016, October 17th 2016.