Hyundai Motor Company 03 January 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : January 03, 2006 Disclosure title : Conversion of Overseas Depositary Receipts (DRs) into Underlying Shares 1. Cumulative conversion of DR!s into underlying shares (after previous disclosure date) : 4,448,875 shares - Total shares issued : 284,260,848 shares - Ratio of converted shares to total shares issued :1.57% 2. Others : - Two GDRs represent one underlying share. - The cumulative conversion of DR!s into underlying shares in #1 above is the aggregate number of underlying shares converted from July 29, 2005 to January 02, 2006. - The reported date for the balance of GDRs : January 03, 2006 - All DRs are two-way convertible. (unit:DR,shares) Class of DRs Issuance Balance Conversion Available of DRs at current Ratio Shares for disclosure date (ORD:DR) Conversion Date of Issue Number of DRs issued Into Underlying shares Type 1 preferred Nov. 23, 22,487,824 6,409,344 1:2 3,204,672 stock (GDR) 1992 Type 2 preferrred Nov. 21, 16,913,886 1,407,300 1:2 703,650 stock (GDR) 1998 Common stock Sep. 23, 55,332,618 9,463,714 1:2 4,731,857 (GDR) 1999 (unit:shares) Class of DRs Number of shares Balance of DRs at Number of DRs converted Balance of DRs at to be delivered previous disclosure date since previous current disclosure date disclosure date Type 1 preferred -262,341 2,942,331 144,914 3,204,672 stock (GDR) Type 2 preferred 23,777 727,427 29,977 703,650 stock (GDR) Common stock 3,235,851 7,967,708 4,273,984 4,731,857 (GDR) (unit:shares) Class GDR-> Underlying shares The # of shares to be delivered Underlying shares ->GDR Type 1 preferred 144,914 407,255 -262,341 stock Type 2 preferred 29,977 6,200 23,777 stock Common 4,273,984 1,038,133 3,235,851 stock This information is provided by RNS The company news service from the London Stock Exchange