Hyundai Motor Securities Announces a Rights Offering Involving a 49% Shares Dilution

• Hyundai Motors Securities announced a rights offering worth nearly 200 billion won involving a 49% shares dilution.

• The amount of shares dilution is excessive which is likely to result in a share price weakness in Hyundai Motor Securities in the coming weeks.

• The expected rights offering price for now is 6,640 won per share which is 24.5% discount to the closing price on 26 November.