Transaction with an affiliate company

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure date : October 27, 2011

Disclosure title : Transaction with an affiliate company

1. Affiliate : Kia Motors Corporation

2. Type of Security : Common Stock of Kia Motors Corporation

3. Amount of Transaction : KRW 20.9 billion

4. Date of board decision : October 27, 2011

* 5 of 5 external directors were present for the board decision. Audit committee member was also present.

5. Note

- The above transaction is originated by exercising the right attached to Bond with Warrant issued by Kia Motors Corporation.

(Number of shares : 3,032,760 / Exercise Price : 6,880 KRW )

- The above transaction amount is from multiplication of Number of Shares and Exercise Price

- The right will be exercised within the year of 2011.

*Relevant disclosure date : March 20, 2009