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DETROIT — On Thursday, Ally Financial's board of directors declared
quarterly dividend payments for certain outstanding preferred stock. These
dividends are payable on Feb. 15.

The company indicated a quarterly dividend payment was
declared on Ally's Fixed Rate Cumulative Mandatorily Convertible Preferred
Stock, Series F-2, of approximately $134 million, or $1.125 per share, and is
payable to the U.S. Department of the Treasury. 

Ally also said a quarterly dividend payment was also
declared on Ally's Fixed Rate Cumulative Perpetual Preferred Stock, Series G,
of approximately $45 million, or $17.50 per share, and is payable to shareholders
of record as of Feb. 1.

Additionally, the company noted a dividend payment was
declared on Ally's Fixed Rate/Floating Rate Perpetual Preferred Stock, Series
A, of approximately $22 million, or $0.53 per share, and is payable to
shareholders of record as of Feb. 1.

Including the aforementioned dividend payments on the Series
F-2 Preferred Stock, Ally will have paid a total of approximately $5.9 billion
to the U.S. Treasury since February 2009. This amount includes preferred stock
dividends, interest payments and proceeds received by the U.S. Treasury in its
sale of Ally trust preferred securities.


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