GM Exchange Offers Approved in Europe



    DETROIT, April 28 /CNW/ -- The United Kingdom Listing Authority has
approved a prospectus to be published by General Motors Corporation in certain
jurisdictions in the EU for GM's exchange offers and consent solicitations in
which GM is offering to exchange 225 shares of its common stock for each 1,000
U.S. dollar equivalent principal amount (or accreted value as of the
settlement date if applicable) of its outstanding notes of each series set
forth in the prospectus and is offering to pay, in cash, accrued interest on
such notes from the most recent interest payment date to the settlement date.
In respect of the exchange offers for the notes issued by General Motors Nova
Scotia Finance Company, GM is jointly making the exchange offers with GM Nova
Scotia.
    

    
    The exchange offers are a vital component of GM's overall restructuring
plan to achieve and sustain long-term viability and successful consummation of
the exchange offers will allow GM to restructure out of bankruptcy court.
    

    
    The prospectus today was passported under European regulations to France,
Germany, Belgium, the Netherlands, Luxembourg, Austria and Spain. If you are a
resident in countries other than the above (including the United States and
the United Kingdom), you may or may not be eligible to participate in the
exchange offers and consent solicitations pursuant to the laws of the country
in which you reside.  Please contact D.F. King, the Solicitation and
Information Agent, to assist you in determining your eligibility. The
prospectus has also been passported to Italy, but the exchange offers in Italy
are subject to clearance by CONSOB pursuant to Article 102 onwards of
Legislative Decree No. 58 of February 24, 1998.  Therefore, the exchange offer
period in Italy will only commence following such clearance.
    

    
    The prospectus contains or incorporates by reference important
information which should be read carefully before any decision is made to
participate in the exchange offers and consent solicitations. Noteholders in
Italy, France, Germany, Belgium, the Netherlands, Luxembourg, Austria,
Switzerland, Spain and the United Kingdom (and certain other qualifying
holders in other jurisdictions) may access the prospectus for free at GM's
website at www.gm.com/corporate/investor_information. Any requests for copies
of this prospectus or related materials should be directed to the Solicitation
and Information Agent at: D.F. King (Europe) Limited, One Ropemaker Street,
London EC2Y 9HT, Banks and Brokers call: +44 20 7920 9700 All others call toll
free: 00 800 5464 5464 Email: gm@dfking.com.
    


    For More Information Regarding the Exchange Offer
    
    The exchange offers and consent solicitations are being made to holders
of notes upon the terms and subject to the conditions set forth in the
prospectus dated April 27, 2009, including any documents incorporated by
reference into the prospectus, as approved by the United Kingdom Listing
Authority as competent authority under EU Directive 2003/71/EC (the "European
Prospectus") and the Registration Statement on Form S-4 dated April 27, 2009,
which includes a combined prospectus and proxy statement and information in
accordance with the disclosure requirements of the tender offer rules of the
Securities and Exchange Commission ("SEC"), and the related letter of
transmittal (or form of electronic instruction notice, in the case of notes
held through Euroclear or Clearstream), as each may be amended from time to
time (the "US Prospectus"). GM strongly encourages you to carefully read the
European Prospectus (including all supplements that may be published thereto)
and the Schedule TO relating to the exchange offers that has been filed with
the SEC because they contain important information regarding the proposed
transaction.
    

    
    GM and its directors and executive officers and other members of
management and employees may be deemed participants in the solicitation of
proxies with respect to the consent solicitations. Information regarding the
interests of these directors and executive officers in the consent
solicitations will be included in the documents described above. Additional
information, including information regarding GM's directors and executive
officers, is available in GM's Annual Report on Form 10-K, which was filed
with the SEC on March 5, 2009 and can be obtained without charge at
www.sec.gov.
    

    Cautionary Statement
    
    A registration statement relating to the securities offered in the
exchange offers has been filed with the Securities and Exchange Commission but
has not yet become effective. The securities may not be sold nor may offers to
buy be accepted prior to the time the registration statement becomes
effective.  The exchange offers and consent solicitations are not being made
to (nor will tenders be accepted from or on behalf of) holders of notes in any
jurisdiction where the offers or the acceptance thereof would not be in
compliance with the securities or other laws of such jurisdiction.
    

    
    This communication is for informational purposes only and does not
constitute an offer to sell or the solicitation of an offer to buy any
security and shall not constitute an offer, solicitation or sale of any
securities in any jurisdiction in which such offering, solicitation or sale
would be unlawful.
    

    
    The exchange offers and consent solicitations are only being made in
Europe pursuant to the above mentioned prospectus. The exchange offers and the
consent solicitations are not being made to (nor will tenders be accepted from
or on behalf of) holders of notes in any jurisdiction in which the making or
acceptance thereof would not be in compliance with the securities, blue sky or
other laws of such jurisdiction. In any jurisdiction in which the securities
laws or blue sky laws require the offers to be made by a licensed broker or
dealer, the offers will be deemed to be made on behalf of GM by one or more of
the dealer managers, or one or more registered brokers or dealers that are
licensed under the laws of such jurisdiction.
    

    
    Offers to holders in the United Kingdom, Austria, Belgium, France,
Germany, Italy, Luxembourg, the Netherlands, Spain and Switzerland will be
made by the European Prospectus, which indicates on the front cover thereof
that it can be used for such offers.  Outside of these jurisdictions (and the
United States) only non-U.S. qualified offerees are authorized to participate
in the exchange offers and consent solicitations.  If you are outside of the
above jurisdictions (and the United States and Canada), you are only
authorized to receive the European Prospectus.
    

    Forward Looking Statements
    
    This document contains "forward-looking statements." Such statements are
based on the current expectations and assumptions of GM management, and as
such involve a number of risks, uncertainties and other factors that could
cause actual results to differ materially from those now anticipated - both in
connection with the proposed exchange offers and consent solicitations, and
GM's business and financial prospects -- including (without limitation) those
set forth in the Prospectus Documents filed with the SEC as part of GM's
Registration Statement on Form S-4 (as amended and supplemented). To better
understand these risks and uncertainties, holders of notes and other readers
are encouraged to read carefully the Prospectus Documents (as amended or
supplemented), GM's Annual Report on Form 10-K for the fiscal year ended
December 31, 2008 which was filed March 5, 2009, and other SEC filings, all of
which can be accessed free of charge at the websites of the SEC (www.sec.gov)
and GM (at http://www.gm.com/corporate/investor_information ).
    

    
    General Motors Corp. (NYSE:   GM), one of the world's largest automakers,
was founded in 1908, and today manufactures cars and trucks in 34 countries. 
With its global headquarters in Detroit, GM employs 243,000 people in every
major region of the world, and sells and services vehicles in some 140
countries.  In 2008, GM sold 8.35 million cars and trucks globally under the
following brands:  Buick, Cadillac, Chevrolet, GMC, GM Daewoo, Holden, Hummer,
Opel, Pontiac, Saab, Saturn, Vauxhall and Wuling.  GM's largest national
market is the United States, followed by China, Brazil, the United Kingdom,
Canada, Russia and Germany.  GM's OnStar subsidiary is the industry leader in
vehicle safety, security and information services.  More information on GM can
be found at www.gm.com.
    


    

    
    CONTACT(S):
    

    
    Nelson Silveira
    GM Europe Corporate Communications
    41.44.828.2515
    nelson.silveira@gm.com
    

    
    Julie M. Gibson
    GM Financial Communications
    212.418.6381
    julie.m.gibson@gm.com



    




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