GM Declares Quarterly Dividend

FOR RELEASE: August 6, 2002

GM Declares Quarterly Dividend

DETROIT — General Motors Corp. today declared a quarterly dividend of $0.50 per share on GM $1-2/3 par value common stock. The dividend is payable September 10, 2002, to holders of record as of August 16, 2002. The dividend rate is unchanged from the previous quarter.

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