Record Month for Hyundai Motor Europe / Sales up 22 % - all-time high with over 30,000 units sold in March

Eschborn/Germany (ots) - Hyundai Motor Europe GmbH (HME) today released its sales figures for the first quarter ended March 31, 2003.

Hyundai Motor Europe continued its growth course in the first quarter this year, despite the generally weak automobile market. March sales reached an all-time monthly high with 30,046 units; in year-over-year terms, this figure represents a remarkable 22 percent improvement compared to the same month last year.

With almost 70 thousand units, the overall European sales figures for the first quarter of 2003 show an increase in sales by 6 percent compared to the same period of the previous year, continuing the positive business trend set by HME�'s success in 2002.

Contributing to the steady growth of Hyundai in Europe are especially models such as the Getz and Matrix - Hyundai�'s volume models for Europe - in addition to the unique-designed Santa Fe, a top-performer since its introduction on the European market.

Commenting on the results, Hyundai Motor Europe Vice-President Werner H. Frey said, "We are pleased to report that during the first quarter, Hyundai vehicle sales increased significantly and that we could extend our market share in Europe. Our success is the result of our ongoing efforts to add increasingly more sophisticated products with more European flair to our model range as well as of our reinforced European sales and marketing operation. A growing number of quality-conscious customers put confidence in the Hyundai brand, which shows us that we are on the right track with our brand strategy."

Details on consolidated and unconsolidated results of Hyundai Motor Company as well as details on the company�'s global corporate performance are available on the Internet at www.hyundai-motor.com

For Further Information:

Ralf C. Kaiser

European Communications

Hyundai Motor Europe GmbH

Phone: +49 6196 50 92 330

Email: rkaiser@hyundai-europe.com