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6 7Hyundai Capital,Hyundai Card &Hyundai CommercialAnnual Report 2010Financial Highlights& StatementsHyundai Card 3892010 Operating Income ’10 300 ’06 286 ’09 (Unit: In thousands of KRW) Balance Sheets 2010 (16th) 2009 (15th) 258 Assets 9,915,767,764 7,291,248,896 ’08 Cash and Bank Deposits 742,671,859 479,559,001 Securities 2,143,234 82,903,992 Loans 985,000 0 Card Assets 8,473,299,494 6,248,751,386 Tangible Assets 152,515,808 135,419,050 Other Assets 544,152,368 344,615,467 73 Liabilities 8,263,679,013 5,808,000,005 ’07 Borrowings 6,683,842,693 4,524,145,735 Other Liabilities 1,579,836,320 1,283,854,270 Shareholders’ Equity 1,652,088,750 1,483,248,891 Capital Stock 802,326,430 802,326,430 Capital Surplus 57,704,444 57,704,435 Capital Adjustment 0 -20 Other Accumulated Comprehensive Income and Losses -748,973 46,885,772 Retained Earnings 792,806,850 576,332,274 (Unit: In thousands of KRW) Income Statements 2010 (16th) 2009 (15th) Operating Revenue 2,275,741,542 1,840,843,429 (Unit: In billions of KRW) Operating Expenses 1,886,555,975 1,554,553,048 2010 2009 2008 2007 2006 Operating Income 389,185,567 286,290,381 Operating Revenue 2,276 1,841 1,594 1,121 1,110 Non-Operating Revenue 21,086,584 24,088,004 *Operating Income 389 286 258 73 300 Non-Operating Expenses 21,188,111 15,847,424 Net Income 353 213 202 234 281 Income Before Income Tax Expenses 389,084,041 294,530,961 Total Assets 9,916 7,291 5,671 4,645 3,383 Income Tax Expenses 36,213,974 81,711,914 Total Shareholders’ Equity 1,652 1,483 1,234 1,123 831 Net Income 352,870,067 212,819,047 * Including KRW 190.5 billion from the sale of Daewoo E&C in 2006 and KRW 101.1 billion from the sale of Daewoo International in 2010. Excluding provision for the unused 141.7 billion won credit line in 2007. (Excluding provision for the unused 141.8 billion won credit line in 2007)

8 9Hyundai Capital,Hyundai Card &Hyundai CommercialAnnual Report 2010Financial Highlights& StatementsHyundai Commercial2010 Operating Income 67 ’10 (Unit: In thousands of KRW) Balance Sheets 2010 (4th) 2009 (3rd) Assets 2,534,174,650 1,628,843,966 Cash and Bank Deposits 99,731,978 26,822,146 Securities 144,215,195 124,097,416 Loans 1,609,845,001 871,906,483 Installment Financial Assets 427,846,646 495,955,424 Leased Assets 39,794,453 45,825,617 New Technology Financial Assets - - Credit Securitized Assets 126,362,421 - 28 ’09 Tangible Assets 1,888,330 1,752,635 Other Assets 84,490,627 62,484,245 Liabilities 2,359,395,222 1,519,996,760 Borrowings 2,279,111,480 1,486,999,361 Other Liabilities 80,283,742 32,997,399 Shareholders’ Equity 174,779,429 108,847,206 Capital Stock 100,000,000 100,000,000 14 Capital Surplus - - ’08 Capital Adjustment - -663,810 Other Accumulated Comprehensive Income and Losses -759,373 -1,858,093 Retained Earnings 75,538,802 11,369,109 10 ’07 (Unit: In thousands of KRW) Income Statements 2010 (4th) 2009 (3rd) Operating Revenue 236,297,922 163,017,654 (Unit: In billions of KRW) Operating Expenses 169,191,275 135,399,801 2010 2009 2008 2007 Operating Income 67,106,647 27,617,854 Operating Revenue 236 163 136 58 Non-Operating Revenue 17,740,039 4,336,400 Operating Income 67 28 14 10 Non-Operating Expenses 570,999 400,238 Net Income 65 28 14 8 Income Before Income Tax Expenses 84,275,687 31,554,017 Total Assets 2,534 1,629 1,127 861 Income Tax Expenses 19,442,184 3,543,057 Total Shareholders’ Equity 175 109 74 70 Net Income 64,833,503 28,010,959

10 11Hyundai Capital,Hyundai Card &Hyundai CommercialAnnual Report 2010CEO’s MessageBeyond Excellent asset stability, outstanding In 2010, Stable Profit Trend Hyundai Capital, Hyundai Card and Hyundai Commercial financial resultsBoundaries Hyundai Capital achieved industry-leading performances while 2010 was a year in which the government stimulus policy slowed down in the 2010 operating income YoY (%) demonstrating unparalleled competencies in the areas of +23.3% wake of 2009’s economic uncertainties, and the age of low interest rates came risk management, corporate culture, and marketing. to an end. Our competitors, who were less prepared than we were to cope with crises, began to position themselves for aggressive management activities in the second half of the year, in reaction to the central government’s stimulus We have redefined the meaning of customer service measures. Many financial regulations were strengthened, and the country’s Net income before income taxes (In billions of won) by going beyond the generally prescribed identity of ratio of household debt to consumer finance rose to reach the highest level in ’10 679 the world. ’09 538 financial companies and realized efficiencies through ’08 475 business crossovers. In addition, we achieved growth by Despite these problems, we achieved our best-ever financial results while maintaining the industry’s highest level of asset quality. As of the end of 2010, establishing and disseminating our corporate culture, Hyundai Capital, Hyundai Card and Hyundai Commercial posted operating income a key driver behind any and all corporate growth. of 667.1 billion won, 389.2 billion won, and 67.1 billion won, respectively. These Hyundai Card 2010 operating income YoY (%) figures, all of which exceeded those posted the year before, proved that growth We enjoyed stable earnings again this year. This was done by putting exhaustive risk management processes in place, and stability are really two sides of the same coin. They also demonstrated our new and unique operating model, which we call “growth through stability.” +35.9% It applies to all of our operations, including product planning and marketing, by deploying our new corporate culture, and by carrying customer service, and our overall corporate culture. Net income before income taxes (In billions of won ) out innovative and creative marketing campaigns. In 2011, Hyundai Capital ranked first in the industry in all areas of new and used car ’10 389 we will continue to grow by realigning our organizational loans and leasing services, with excellent financial performance and high ’09 295 ’08 272 market shares. Hyundai Card enhanced its second-place market share position structures and enhancing our overseas operations. Including 101 billion won from the sale of Daewoo in Korea, becoming the brand which customers want to recommend most due International in 2010 to its differentiated products and services. Hyundai Commercial boasted the largest share of the financing market for industrial materials. In specific terms, Hyundai Capital’s operating income and net income surged by Hyundai Commercial 23.3% and 24.4%, respectively, from the previous year. In addition, the company 2010 operating income YoY (%) +243.1% maintained its high level of return on assets (ROA). These accomplishments were due to its profitability-oriented strategies and a significant decrease in its bad debt expenses in the wake of the country’s ongoing economic recovery. We also maintained a stable revenue structure, with car loans making up 80% of our Net income before income taxes (In billions of won ) asset portfolio, while laying the groundwork for even more growth in the future ’10 84 by advancing into a wide variety of prime financial products, including leasing, ’09 32 personal loans, and mortgages. Most of our collateral for loans is automobiles ’08 14 and real estate, with personal loans accounting for a mere 8.7% of the total. Hyundai Card enjoyed the industry’s highest monthly credit card usage, averaging 740,000 won per cardholder. This was due to its excellent asset qualities and a high level of customer loyalty. In addition, our VVIP card, “the Black,” which targets the top 0.05% of the country’s income earners and is limited to only 9,999 cardholders, led the Korean credit card market, while using liquid metal as its material, a first for the industry.