Hyundai Motor Company 27 January 2006 HYUNDAI MOTOR COMPANY (HMC) Corporate Disclosure to Korea Stock Exchange Disclosure date : January 26, 2006 Disclosure title: Change for Business Objective 1. Category : Addition of Business Objective 2. Contents of addition : Auto supplies manufacture and sales business , the recycling business, franchise business and mail-order sales business 3. Reason for addition : To establish a basis for pursuing a new business opportunity 4. Resolution date of Board of Directors : January 26, 2006 -attendance of outside directors : 3 out of 4 -attendance of auditors(who are not outside directors) : - 5. Expected date for the General Meeting of Shareholders : - March 10, 2006 6. Others 1) The articles of addition of business objective in # 1 above is the resolution of the Board of Directors, and may be subject to change depending on process of resolution at the General Meeting of Shareholders 2) The Hyundai Motor audit committee is composed by all outside directors.(3 out of 3 present) * Details of Contents of addition Before After Objective of change Auto supplies Auto Parts Auto Parts Satisfaction manufacture wholesale wholesales business of customers' and sales business various auto business and Auto related demands supplies manufacture & sales business Recycling Auto management Auto management Pursue business business business Eco-friendly (used car (used car purchase business and effectively purchase and sales / car scrappage / recycling business etc.)and respond to and sales / environmental related franchise business regulations and Franchise car scrappage) Strengthen business Mail-order sales Electronic commerce Electronic commerce general business and internet and internet business customer business & mail-order relations for sales business auto sales This information is provided by RNS The company news service from the London Stock Exchange