Notices View

HYUNDAI MOTOR COMPANY
Corporate Disclosure to Korea Exchange

NOTICE OF DELISTING OF ITS GLOBAL DEPOSITARY RECEIPTS AND GLOBAL DEPOSITARY SHARES AND TERMINATION OF THE DEPOSIT AGREEMENTS

Further to the announcement published on October 24, 2024, Hyundai Motor Company (“Company”) announces that delisting of its global depositary receipts and global depositary shares from the London Stock Exchange and the Luxembourg Stock Exchange became effective on December 19, 2024.

Delisting from the London Stock Exchange (ISIN USY384721251)

The UK Financial Conduct Authority (the "FCA") cancelled the listing of the Company’s global depositary receipts with ISIN USY384721251 (the "London GDRs") from the Official List of the FCA, and the London Stock Exchange (the “LSE”) cancelled the admission to trading of the London GDRs on the main market for listed securities of the LSE on December 19, 2024.

Delisting from the Luxembourg Stock Exchange (ISINs US4491877076, USY384721251, and US4491875096)

The Company’s global depositary shares with ISIN US4491877076, global depositary receipts with ISIN USY384721251 and global depositary receipts with ISIN US4491875096 were removed from the official list of the Luxembourg Stock Exchange (“LuxSE”) and withdrawn from trading on the regulated market of the LuxSE on December 19, 2024.

Termination of Deposit Agreements 

The deposit agreements relating to the Company’s global depositary receipt programmes has been terminated since December 19, 2024 (the “Termination Date”).

If any GDRs remain outstanding after the Termination Date, the Depositary shall not, after the Termination Date, have any obligation to perform any further acts under the Deposit Agreements, except that the Depositary will continue to (i) collect dividends and other distributions pertaining to the deposited securities, (ii) sell securities and other property received in respect of deposited securities, (iii) deliver deposited securities, together with any dividends or other distributions received with respect thereto and the net proceeds of the sale of any securities or other property, in exchange for GDRs surrendered to the Depositary (after deducting or charging, as the case may be, in each case, the fees and charges of, and expenses incurred by, the Depositary, and all applicable taxes or governmental charges for the account of the holders and beneficial owners), and (iv) take such actions as may be required under applicable law in connection with its role as Depositary under the Deposit Agreements.

At any time six months after the Termination Date, the Depositary may sell the deposited securities then held under the Deposit Agreements and shall after such sale hold un-invested the net proceeds of such sale, together with any other cash then held by it under the Deposit Agreements, in an un-segregated account and without liability for interest, for the pro-rata benefit of the holders whose GDRs have not theretofore been surrendered. After making such sale, the Depositary shall be discharged from all obligations under the Deposit Agreements except (i) to account for such net proceeds and other cash (after deducting or charging, as the case may be, in each case, the fees and charges of, and expenses incurred by, the Depositary, and all applicable taxes or governmental charges for the account of the holders and beneficial owners) and (ii) as may be required in connection with the termination of the Deposit Agreements.

Hyundai Motor Company 

IR Team 

Email: ir@hyundai.com 

Phone: 82-2-3464-2244