FOR RELEASE: February 1, 2000

CONTACT(S): Catherine Dunsby
(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 March 10, 2000, to holders of record as of Feb. 11, 2000. 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 GM Series H automatically convertible preference stock. These dividends are payable May 1, 2000, to holders of record on April 3, 2000.