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DETROIT — Ally Financial's board of directors recently declared
quarterly dividend payments for certain outstanding preferred stock.

The board indicated that each of these dividends are payable on
Feb. 15.

Officials went on to explain that 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. It is payable
to the U.S. Department of the Treasury.

The company also reiterated that 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. It is payable to
shareholders of record as of Feb. 1.

Additionally, executives also mentioned that a dividend payment
was declared on Ally's fixed rate/floating rate perpetual preferred stock, series
A, of approximately $22 million, or 53 cents per share. They noted that it is also payable to
shareholders of record as of Feb. 1.

Including the aforementioned dividend payments on the series
F-2 preferred stock, Ally calculated that it will have paid a total of approximately
$5.4 billion to the U.S. Treasury since February 2009.

Officials pointed out this amount includes preferred stock
dividends, interest payments and proceeds received by the U.S. Treasury in its
sale of Ally trust preferred securities.