FOUNTAIN VALLEY, Calif., September 9, 2002 - Hyundai Motor America (HMA) announced today that the horsepower ratings on some of its vehicles have been mistakenly reported in the company's marketing materials. The error applies to the materials only and has no impact on the safety or reliability of any vehicles.

The ratings error involves a number of vehicle lines over a period of several years, with a weighted average overstatement of 4.6 horsepower.

These errors occurred because Hyundai Motor America did not have an established procedure in place to verify that our preliminary horsepower figures matched the actual horsepower.

"I am very regretful for these errors and for any concerns it raises among Hyundai customers," said HMA President and CEO Finbarr O'Neill. "We are announcing these errors because we want our relationship with our customers, our dealers, and all our business partners to be open and honest. We are also offering our assurance that we are taking aggressive measures to prevent errors of this nature from happening again."

"As an expression of goodwill and an attempt to demonstrate how important Hyundai customers are to us, we are offering certain enhancements to those individuals whose model's horsepower ratings were misprinted by more than four percent. For the 2000 model year forward we offer a choice of three warranty-enhancement options or, for 1999 model year and earlier vehicles, five-year roadside assistance coverage," said O'Neill. The warranty-enhancement options for 2000 model year forward include:

> Extending Roadside Assistance Benefit from five years/unlimited miles to 10 years unlimited miles, or

> Extending New Vehicle Limited Warranty from five years/60,000 miles to 6 years/72,000 miles, or

> Extending Powertrain Limited Warranty from 10 years/100,000 miles to 12 years/120,000 miles for original owners

The owners or lessees of the identified vehicles will receive a letter from HMA over the course of the next few weeks detailing these options and providing information on how they can be
activated. In the interim, customers can obtain information about these options by contacting a special toll-free consumer hotline at 800-218-9797 or contacting www.hyundaistatus.com

To ensure against any future error, Hyundai Motor America has also established procedures that include ensuring only actual horsepower ratings for each engine are used in marketing materials. Prior to publication, materials will be approved by the Director of Engineering and Design Analysis to ensure numbers match correct horsepower ratings.

Hyundai Motor America, headquartered in Fountain Valley, Calif., is a subsidiary of Hyundai Motor Company of Korea. Hyundai cars and sport utility vehicles are distributed in the U.S. by Hyundai Motor America and are sold and serviced by more than 590 dealers nationwide. Hyundai stands behind the quality and performance of its vehicles 100 percent and backs them with America's Best Warranty.