Hyundai Motor Co - Convening Notice of Annual General Meeting

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Date : February 22, 2012

Disclosure Title : Convening Notice for the Annual General Meeting of Shareholders

for the 44th Fiscal Year

The Annual General Meeting of Shareholders of Hyundai Motor Company (the "Company") will be held pursuant to Article 365 of the Korean Commercial Code and Article 14 of the Articles of Incorporation of the Company as follows.

Date : 9:00 a.m., March 16, 2012 (Friday)

Place: Grand Hall, 2^nd Floor West Building, Head office of Hyundai Motor Company,

231, Yangjae-Dong, Seocho-Gu, Seoul, 137-938, Korea

(※For any questions, please call +82-2-3464-1114)

Purposes of the Meeting

&t; Issues to report &t; Annual Report, Independent Auditor's Report

&t; Agenda &t;

Item 1: Approval of financial statements for the 44^th business year (1/1/2011 ~ 12/31/2011)

Item 2: Appointment of director(s)

Item 3: Appointment of member(s) of Audit Committee

Item 4: Amendment to the Articles of Incorporation

Item 5: Approval of director's compensation cap

Matters regarding the Exercise of Voting Rights:

&t; What to bring to the shareholders' meeting &t;

For the in-person exercise of the voting right of a shareholder:

an invitation to the shareholders' meeting of the company, and an identification

For the exercise of the voting right of a shareholder by proxy:

an invitation to the shareholders' meeting of the company, a power of attorney ((1) with necessary information of the relevant shareholder and the person with the power of attorney filled in; and (2) duly executed and sealed), and an identification of the agent.

&t; For the exercise of the voting right of a shareholder by the Korea Securities Depository: ※ applicable only to a beneficial owner of the share(s) issued by the Company &t;

If you are a beneficial owner of the share(s) which has/have been deposited with a stock brokerage firm, please refer to the next page.

Other matters

For the 44^th fiscal year, the Company expects to pay a cash dividend of KRW 1,750 for per share of common stock. (Series 1 Preferred Stock: KRW 1,800; Series 2 Preferred Stock: KRW 1,850; Series 3 Preferred Stock: KRW 1,800)

February 22, 2012

HYUNDAI MOTOR COMPANY

Representative Director: Kim Eok Jo

(Seal omitted)

Guide on How to Exercise Voting Rights of Beneficial Owners

As you may know, a voting right is your right and an important method to reflect your opinion at the shareholders' meeting. However, under the circumstances where the shares issued by the company are held by numerous shareholders, it may be difficult to constitute a quorum at the shareholders' meeting. Therefore, please refer to the following on how to exercise your voting right as a beneficial owner (i.e., as a shareholder holding a share or shares of the company in an account with a stock brokerage firm), and your cooperation will be appreciated.

□ General Types of How to Exercise Voting Rights

&t; In-person Exercise &t; A shareholder may be present at the shareholders' meeting and exercise his/her voting right at the shareholders' meeting.

&t; Exercise by Proxy &t; A shareholder may have a third party exercise his/her voting right as his/her agent

□ Exercise of Voting Rights by the Korea Securities Depository

In accordance with Article 314 of the Capital Market and Financial Investment Business Act of Korea, the company will ask the Korea Securities Depository to, on any issues with respect to which no opinion is expressed in the Opinion Notice attached below, exercise voting rights on behalf of such beneficial owners of shares of the company in case of such beneficial owners do not express their opinion to the Korea Securities Depository by the Opinion Notice in the form attached below. In such case, the Korea Securities Depository may, pursuant to the Capital Market and Financial Investment Business Act of Korea, conduct shadow voting based on the ratio between the agreement and disagreement to each issue as a result of the exercise of voting rights by all shareholders present at the shareholders' meeting except those represented by the Korea Securities Depository.

□ Advice on Delivery of Opinion Notice

It would be appreciated if a beneficial owner of a share or shares of the company would execute and send the Opinion Notice attached below for the purpose of the Korea Securities Depository's computation of the number of shares available for its exercise of voting rights, which shares will not include any shares with respect to which shareholder's opinion is expressed in the Opinion Notice attached below.

Delivery of the Opinion Notice to the following address is not a must. There will be no disadvantage or impediment to the exercise of any of your rights as a shareholder of the company, even though you do not send the Opinion Notice to the following address:

&t; Address for Opinion Notice to Be Sent to &t; 'Person in charge of Opinion Notice of Beneficial Owner of a share or shares of Company' , Korea Securities Depository, 34-6 Yoido-Dong, Yeongdeungpo-Ku, 150-884, Seoul, Korea

Fax: (02) 3774-3244, 3774-3245

&t; Deadline for Delivery of Opinion Notice &t; March 9, 2012 (※ 5 business days before the date of the AGM)

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1. Agenda of the Annual General Meeting of Shareholders

Item 1: Approval of financial statements for the 44^th business year

(1/1/2011 ~ 12/31/2011)

(1) Balance Sheet (Unit (Berlin: UN7.BE - news) : Million Won)

Item 2: Appointment of Director(s)

*Nominees (4 persons)

1. Board of Directors

2. External Director Candidate Recommendation Committee

Item 3: Appointment of member(s) of Audit Committee

*Nominees (2 persons)

1. Board of Directors

Item 4: Amendment to the Articles of Incorporation

Item 5: Approval of Compensation Cap for Directors