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DETROIT — Heading to a mix of shareholders and the U.S. Department
of the Treasury, Ally Financial's board of directors recently declared
quarterly dividend payments for certain outstanding preferred stock. The board
indicated these dividends are payable on Aug. 15.

Officials highlighted 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. Treasury.

They indicated 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 Aug.1, 2012.

Additionally, the board noted 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, and is payable to
shareholders of record as of Aug.1, 2012.

Including the aforementioned dividend payments on the Series
F-2 Preferred Stock, Ally said it will have paid a total of approximately $5.7
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.

Ally also announced this morning that it will reveal its second-quarter
financial performance during a conference call with Wall Street observers on
Aug. 1.