New product launching (Accent)

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date : November 2, 2010

Disclosure title : Business and Management Plan (Accent)

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

1. Project Title : New product launching (Accent)

2. Project Description

a) Objective : development and sales of a new model

b) Product features : 1.6L Gamma GDI engine

(Max power 140ps, Max torque 17.0kg*m)

6-speed automatic transmission

6-Airbags

Active headrest

Parking assistance system

c) Investment amount : development cost of KRW 200 billion

development period of 5 years

d) Sales volume target : 500,000 units in 2011

(based on domestic/overseas production and sales)

3. Date of Board Decision : November 2, 2010

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.