Resolution of Year-end Dividend

Hyundai Motor Company

25 January 2024

 

HYUNDAI MOTOR COMPANY (HMC)

Corporate Disclosure to Korea Exchange

Disclosure Title    :  Resolution of Year-end Dividend

1.    Category : Year-end Dividend

2.    Type : Cash Settlement

3.    Dividend per share(KRW):

- Common Share :  8,400

- Preferred Share :  8,500

4.    Dividend rate at market value(%):

- Common Share : 4.6

- Preferred Share : 7.7

5.    Total annual dividend amount: KRW 2,212,882,000,000

6.    Record date of dividend : February 29, 2024

7.    Expected date of dividend payment :  -

8.    Resolution of AGM : Yes

9.    Expected date for the AGM : -

10.  Resolution date of Board of Directors : January 25, 2024

- attendance of independent directors : 7

- attendance of auditors(non BOD member) : -

11.  Others :

- The above may be changed depending on the results of Annual General Meeting of
Shareholders

- 2023 total dividend per share is KRW 11,400 (based on common share)

Quarterly dividend for Q2 : KRW 1,500

Quarterly dividend for Q3 : KRW 1,500

Year-end dividend : KRW 8,400

- The dividend information above for preferred share is based on type 2 preferred share :                                    

	Type 1 Preferred Share	Type 3 Preferred Share
Dividend amount	8,450	8,450
Dividend rate at market value	7.8%	7.8%

- The "Total annual dividend amount" in #5 is rounded up to KRW 1,000,000.

- Related to #7, #8 and #9, the "Expected date of AGM" is undecided and for the

   "Expected date of dividend payment", payment will be made after & within 1 month of 

​    ​the resolution date of Annual General Meeting of Shareholders.

- Hyundai Motor Company's audit committee members are all independent directors.

 

END