GM BOARD DECLARES QUARTERLY DIVIDEND

FOR RELEASE: November 1, 1999
CONTACT: Catherine Dunsby
PHONE: (212) 418-6385

GM BOARD DECLARES QUARTERLY DIVIDEND

DETROIT - The General Motors Board of Directors today declared a quarterly dividend of $0.50 per share on GM $1-2/3 par value common stock. The dividend is payable Dec. 10, 1999, to holders of record as of Nov. 11, 1999. The dividend rate is unchanged from the previous quarter.

The GM board also today declared the following quarterly dividends: $0.495 per Series D depositary share; $0.57 per GM Series G depositary share; and $8.7793 per share for the Series H automatically convertible preference stock. They are payable on Feb. 1, 2000 to holders of record on Jan. 3, 2000.