DETROIT — With its latest move announced this week, Ally Financial said it has now repaid more than 70 percent of the
investment the U.S. Treasury made in the company.

Ally completed a private placement of 216,667 shares of Ally
common stock for an aggregate price of roughly $1.3 billion, and said it also
completed the repurchase of all outstanding shares of the Mandatorily
Convertible Preferred securities held by the U.S. Department of the Treasury
and eliminated the share adjustment provision.

All told, this results in a payment of $5.9 billion to the
U.S. Treasury from Ally.

The U.S. Treasury's share of the common equity in Ally has
been cut from 74 percent to about 64 percent. 
The remainder is held by various existing and new institutional
investors.

"Completion of these transactions marks key milestones for
Ally," chief executive officer Michael Carpenter said.  "With the $5.9 billion payment, Ally has
returned more than 70 percent of the investment to the U.S. taxpayer, as well
as achieved a more normalized capital structure.

"The strategic transformation is nearly complete and,
looking ahead, we will be focused on taking steps to further improve
profitability, maintain strong core auto finance and direct banking franchises
and fully exit the Troubled Asset Relief Program," Carpenter added.

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