Redemption of Shares,etc

General Motors Corporation 7 March 2000 GM ANNOUNCES REDEMPTION OF SERIES-D DEPOSITARY SHARES AND SERIES-D TOPrS NEW YORK - General Motors Corp. (NYSE: GM) today announced the redemption of a total of approximately 3 million outstanding depositary shares, each of which represents a one-fourth interest in a GM Series-D 7.92% Preference Share (NYSE: GM.D), and approximately 3.1 million outstanding Series-D 8.67% Trust Originated Preferred Securities (TOPrS) (NYSE: GM.X). The securities together have a total face value of approximately $150 million. The redemption date is May 2, 2000. Investors will receive notice of the redemptions by publication and by mail. 'These redemptions extinguish two expensive, debt-like obligations for General Motors, while having a positive impact on GM $1-2/3 common stock earnings per share,' said GM Vice President and Treasurer Eric A. Feldstein. The Series-D depositary shares will be redeemed at a price of $25 per depositary share, plus accrued and unpaid dividends of $0.18 per share, for a total redemption price of $25.18 per depositary share. In addition, as previously announced, a dividend of $0.495 per Series-D depositary share for the quarter ended March 31, 2000 will be paid on May 1, 2000 to the holders of record on April 3, 2000. The Series-D depositary shares, issued in July 1992, first became redeemable at GM's option beginning Aug. 1, 1999. The Series-D TOPrS will be redeemed at a price of $25 per security, plus an accrued and unpaid distribution of $0.01 per share, for a total redemption price of $25.01 per Series-D TOPrS. Additionally, a distribution of approximately $0.542 per Series-D TOPrS will be paid on May 1, 2000 to holders of record on April 15, 2000 for the period beginning Feb. 1, 2000 and ending April 30, 2000. The Series-D TOPrS first became redeemable at GM's option beginning Aug. 1, 1999. They were issued in July 1997. The redemption/paying agent for the redemption of the Series-D depositary shares and the Series-D TOPrS is BankBoston N.A., 150 Royall Street, Canton, Mass., 02021. Stockholders with questions about their Series-D preference shares or Series-D TOPrS may call the information agent, Georgeson Shareholder Communications Inc., at 1-800-223-2064.