Mid-long term dividend policy

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Title : Mid-Long term dividend policy

1. Details of the policy

- Return 30~50% of annual free cash flow to shareholders

- Target global auto industry peers' level of payout ratio

- Explain rapid changes in dividend amount in the future

2. Others:

- The above is subject to change depending on future business environment.