GM Statement Regarding Tender Offer for GM Shares

DETROIT – The General Motors Corp. Board of Directors today said it will review a cash tender offer for up to 28 million GM common shares at a price of $31 per share that was launched today by Tracinda Corp. The intention to pursue a tender offer was previously disclosed by Tracinda.

The GM board will advise shareholders of its view with respect to this offer on or before May 20, 2005 , as required under applicable securities law. The board’s view will be disclosed in a formal response pursuant to Schedule 14D-9 and will be available free of charge to shareholders at the SEC website, www.sec.gov. Shareholders are urged to read GM’s statement when it becomes available.