Jeong-Eun Hyun, Young-Yi Jeong, and Young-Sun Jeong agreed to acquire 32.89% stake in Hyundai Global Co., Ltd from Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) and Hyundai Ubiquitous & Information Technology Co., Ltd. for KRW 44.1 billion on September 24, 2014. Under the terms of the transaction, Hyundai Merchant Marine Co. Ltd. will sell 1.26 million shares and Hyundai Ubiquitous & Information Technology Co., Ltd. will sell 0.41 million shares of Hyundai Global Co., Ltd. at the price of KRW 26,450 per share. Post closing, Hyundai Merchant Marine Co. Ltd. and Hyundai Ubiquitous & Information Technology Co., Ltd. will not hold any stake in Hyundai Global Co., Ltd.

Jeong-Eun Hyun will acquire 1.63 million shares and will increase his holding to 4.63 million shares in Hyundai Global comprises 91.3% stake. Young-Yi Jeong will acquire 0.01 million shares. Young-Sun Jeong will acquire 0.02 million shares. Board of Directors of Hyundai Merchant Marine Co. Ltd. and Hyundai Ubiquitous & Information Technology Co., Ltd. made a resolution in favor of the transaction on September 24, 2014. The above sales require Hyundai Logistics sales completion as preconditions and thus scheduled date for sales may change. The scheduled date for sales is September 29, 2014.

Jeong-Eun Hyun, Young-Yi Jeong, and Young-Sun Jeong completed the acquisition of 32.89% stake in Hyundai Global Co., Ltd from Hyundai Merchant Marine Co. Ltd. (KOSE:A011200) and Hyundai Ubiquitous & Information Technology Co., Ltd. on September 29, 2014.