Hyundai Asan Corporation announced a private placement of 2,600,000 common shares at a price of KRW 5,000 per share with existing investors for gross proceeds of KRW 13,000,000,000 on October 21, 2013. The company will issue 0.1226015 new shares for each existing share held. The subscription period will start on December 16, 2013 and end on December 17, 2013.

The payment date is December 19, 2013. The board of the company approved the transaction.