Hyundai Ubiquitous & Information Technology Co., Ltd. agreed to acquire 23% stake in Hyundai L&R Co., Ltd. from HYUNDAI LOGISTICS CO., LTD for KRW 20.7 billion on December 29, 2014. Hyundai Ubiquitous & Information will acquire 0.21 million shares of Hyundai L&R for KRW 0.1 million each. Board of Directors of Hyundai Ubiquitous & Information Technology Co., Ltd. passed a resolution for the transaction on December 29, 2014.

Hyundai Ubiquitous & Information Technology Co., Ltd. completed the acquisition of 23% stake in Hyundai L&R Co., Ltd. from HYUNDAI LOGISTICS CO., LTD on December 31, 2014.