Resolution of cash dividends

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Date : January 27, 2011

Disclosure Title : Resolution of Cash Dividends

1. Category : Dividend Settlement

2. Dividend per share(KRW): 

- Common Share - 1,500

- Preferred Share - 1,600

3. Dividend rate at market value(%):

- Common Share - 0.8

- Preferred Share - 2.4

4. Total annual dividend amount: KRW 412,227,000,000

5. Record date of dividend : December 31, 2010

6. Expected date of dividend payment : -

7. Expected date for the AGM : March 11, 2011

8. Resolution date of Board of Directors : January 27, 2011

i. attendance of outside directors : 4 out of 4

ii. attendance of auditors : Yes

9. Others :

i. The above contents may be subject to change depending on the results of the the approval of the Annual General Meeting of Shareholders.

ii. The dividend information above for preferred shares are based on Series 2 Preferred shares :

iii. The "Total annual dividend amount" in #4 is rounded up to KRW 1,000,000.

iv. Expected date of dividend payments in # 6 above is after & within 1 month of the Annual General Meeting of Shareholders, according to the commercial code 464 section 2.  

v. Hyundai Motor Company's audit committee members are all outside directors.