March 28, 2000

Opel Supervisory Board takes decision on future structure of Management Board

Andrej Barcák and Walter G. Borst Named New Board Members

Opel Chairman Hendry informs Supervisory Board about GM/Fiat Alliance

Sales, Marketing and Customer Care under joint management

Rüsselsheim. In a routine session today, the Adam Opel AG Supervisory Board made several decisions relating to the future set-up of the Management Board. In all, the board will comprise nine members.

Andrej Barcák (53) has been appointed a member of the board effective May 1, 2000. Barcák will head the newly-created department of Sales, Marketing and Customer Care. Educated at the Technical University of Prague, Barcák, a manager with an extensive automotive background, has 25 years international experience in the car industry, including positions held in Great Britain and the United States. In 1990 he joined GM Europe and since 1998 he has been Executive Director for Sales, Marketing and Aftersales for Central and Eastern Europe.

Barcák's appointment marks the reorganization of the previously separate areas of the sales and marketing of vehicles and that of parts, which will be integrated into a single Management Board function. In conjunction with this, Klaus B. Bapp (56), Director of Aftersales since April 1, 1993, will leave the company by April 30, 2000 by mutual agreement.

Manfred L. Wolf (62), board member and Executive Director of Quality Assurance since December 1, 1997, has chosen to take early retirement as from April 1, 2000. During the past three years, Wolf has been responsible for one of the biggest quality drives in Opel's history. Having made considerable progress in this area, Opel's continued success in improving quality will be aided by the new structure. Chairman Robert W. Hendry will appoint a new Director of Quality Assurance at a later date.

Hennig A. Klages (61), Executive Director of Finance, will take early retirement as of October 1, 2000. At the same time, Walter G. Borst, 38, who has been appointed member of the board by the Supervisory Board, will take over as Klages' successor. Borst is an American of German descent who was born in Detroit, Michigan. In 1987 he gained Master of Business Administration from Stanford University. After holding various posts in the finance department of General Motors, Borst was Comptroller at the Opel plant in Rüsselsheim from 1995 to 1997. Most recently, he was working as Assistant Treasurer for GM in New York.

"Today's decisions by the Supervisory Board aim to create a sustained new working environment which will allow the Management Board of Adam Opel AG to function more effectively. The restructuring of the Sales, Marketing, Customer Care and Quality Assurance departments creates favorable conditions in that respect," said Hans Barth, Chairman of the Supervisory Board, in a statement following today's meeting. On behalf of the entire supervisory committee, Barth thanked all those board members who are retiring from the organization for their long years of service and their excellent work for the company.

To this, Opel Chairman Robert W. Hendry added: "The reason for combining Sales, Marketing and Customer Care for vehicles and parts is that it will facilitate better support for our dealers. They are fully in favor of the new organization."

Hendry further informed the Supervisory Board with regard to current developments in the strategic alliance between General Motors Corporation and Fiat. Future steps which affect Adam Opel AG will be discussed at Supervisory Board level on a continuing basis.