Response to Disclosure Inquiry regarding Rumor

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Date: December 18, 2012

Disclosure Title: Response to Disclosure Inquiry regarding Rumor or News

1. Title of disclosure

Response to disclosure inquiry regarding stake sales in Korea Aerospace Industries

2. Response from the company

As a result of the final bid for sales of Korea Aerospace Industries in December 17th 2012, only one company, Hyundai Heavy Industries, submitted a bid. HMC verified a miscarriage of auction for the sales of KAI shares due to a lack of workable competition.

HMC will release a follow-up disclosure within 6 months or issue an immediate disclosure if any concrete decision has been made before 6 months of period is reached.

3. Others

Above response is for the disclosure inquiry from Korea Exchange on the rumor regarding involvement of Hyundai Motor Company in Sales of KAI.

Related disclosures previously issued: April 20th 2012, May 18th 2012, August 17th 2012, September 3rd 2012, and September 18th 2012.