DETROIT — Less than seven days after announcing it was
selling insurance business interests in Mexico, Ally Financial on Tuesday reached
an agreement to sell its Canadian auto finance operation, Ally Credit Canada, and ResMor Trust to Royal Bank of Canada, the country's largest bank
by assets and market capitalization.

Ally said it will receive an approximately $620 million U.S.
dollar premium to book value, which for the third quarter was approximately
$3.5 billion.

Based on the third quarter total equity for the Canadian
operations, Ally said it would receive approximately $4.1 billion U.S. dollars
in proceeds from this transaction.   

Officials indicated the transaction is subject to regulatory
approval and is expected to close in the first quarter of next year.

"This transaction represents another significant step toward
our plans to pursue strategic alternatives for our international operations and
accelerate plans to repay the remaining U.S. Treasury investment," said Ally chief
executive officer Michael Carpenter. "The Canadian transaction is the second
transaction in a week to support these goals. We continue to evaluate options
for our remaining international operations in Europe and Latin America, and we
are encouraged by the progress and interest in the businesses."

Carpenter continued, "Our international operations are
strong franchises, and both the ABA Seguros and the Canadian transactions
demonstrate our goals of finding the best solutions for those businesses, while
also maximizing shareholder value.

"Successful execution of the international transactions will
enable Ally to further strengthen and grow our leading U.S.-based automotive
services and direct banking franchises, and we remain focused on achieving
those goals," he went on to say.

Ally's remaining international businesses include automotive
finance operations in Europe and Latin America. 
The company said it expects to identify plans for these operations in
November.

Ally's Canadian operations are based in Toronto and
represent the largest single country of operations outside the U.S. with $13.6
billion in assets at the end of the third quarter. The operations consist of
Ally Credit Canada and ResMor Trust, both subsidiaries of Ally.

Ally Credit Canada Limited is one of the largest auto
finance companies in Canada with approximately $9.4 billion in assets at the
end of the third quarter.  The business
offers automotive financing and related services to dealers and their
customers.

ResMor Trust offers deposit products through independent brokers
as well as innovative savings products directly to consumers. ResMor had $3.8
billion in deposits and $4.2 billion in assets at the end of the third quarter
2012.

Ally Announces Agreement to Sell Mexican Insurance Business

As Carpenter mentioned, Ally announced last Thursday that it
reached an agreement to sell its Mexican insurance business, ABA Seguros, to
the ACE Group, one of the world's largest multiline property and casualty
insurers.

Officials highlighted ABA Seguros is the fourth largest
insurer in the Mexican auto insurance market and the transaction has a purchase
price of $865 million in cash.

"Earlier this year, we began a process to pursue strategic
alternatives for our international operations, and we have been encouraged by
the breadth and depth of interest in these operations," Carpenter said. "ABA
Seguros is a strong business, and this transaction represents a significant
step in what will be a series of actions to find the best solutions for the
international businesses and to maximize value for our shareholders."

ABA Seguros is a subsidiary of Ally and was founded in
1956.  The operation is based in
Monterrey, Mexico and is a leading provider of auto and property and casualty
insurance in Mexico.


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