A class proceeding was initiated in October 2004, alleging that the Defendants, Hyundai Canada Inc., Hyundai Motor America Inc., (c.o.b. as Hyundai Auto Canada) and Hyundai Motor Company (collectively "Hyundai") negligently misrepresented and overstated the horsepower rating in various models of Hyundai vehicles.

We are pleased to advise that on September 14, 2005, the Honourable Justice Rady of the Ontario Superior Court of Justice certified this case as a class proceeding and approved the Settlement of this case.

You are a member of the Hyundai Settlement class if you are a Canadian resident and have ever owned or leased a Class Vehicle that was purchased/leased by the first retail owner/lessee prior to September 10, 2002 from a Hyundai dealer in any Province or Territory other than Québec.

Under the terms of the Hyundai Settlement, Hyundai will provide compensation to Settlement Class members who owned or leased certain Class Vehicles on September 9, 2002. The amount of compensation depends on the (a) magnitude of the difference between published horsepower rating of the Class Vehicle and the rating established by testing, and (b) whether the Goodwill Offer was accepted for the claimant's vehicle.

To make a claim for compensation, claimants must mail to the Claims Administrator at:

If you are a person or entity that does not wish to take part in the Hyundai settlement, you may opt out (be excluded) from the Settlement by returning an Opt Out Form postmarked on or before December 12, 2005 to class counsel.

For further information regarding this action and instructions on how to make a claim, please read the Legal Notice or contact Vicky Theodos at 1-800-461-6166 ext. 2385 or e-mail vicky.theodos@siskinds.com.

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