FOR RELEASE: August 1, 2000

CONTACT(S): Chris Alexander
(212) 418-6389

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 Sept. 9, 2000, to holders of record as of Aug. 11, 2000.  The dividend rate is unchanged from the previous quarter.

The GM board also today declared the following quarterly dividends:

• $0.57 per GM Series G depositary share
• $8.7793 per GM Series H automatically convertible preference stock

These dividends are payable Nov. 1, 2000, to holders of record on Oct. 2, 2000