General Investor Information

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    GM was incorporated in the state of Delaware on July 10, 2009. General Motors Company began its operations when it acquired substantially all of the assets of Motors Liquidation Company (formerly, General Motors Corporation) in July 2009.

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    Yes, In March 2015 our Board of Directors authorized a program to repurchase up to $5.0 billion of our common stock by the end of 2016. Effective January 2016 our Board of Directors increased the authorization to repurchase up to an additional $4.0 billion of our common stock (or an aggregate total of $9.0 billion) by the end of 2017.

Stockholder Information

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    Investors who hold shares in their own name and not through a broker, a bank or other nominee as custodian on your behalf are considered registered stockholders. If you are a registered stockholder and need assistance with your account, such as updating your mailing address, obtaining stock account information or transferring your stock, please contact Computershare by telephone, toll-free at 888-887-8945. Stockholders outside the United States, Canada, or Puerto Rico may call 1+781-575-3334, automated information is available 24 hours a day. Computershare phone representatives are available Monday through Friday from 9 a.m. to 6 p.m. ET.

    Registered stockholders can access their accounts via the Internet at www.computershare.com/gm to view share balance, current market value, historical stock prices, and frequently asked questions and to download and print forms.

     

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    Investors whose shares are held by a broker, a bank or other nominee as custodian on their behalf are considered beneficial stockholders. Beneficial stockholders should address administrative matters to their broker or financial advisor. Additionally, beneficial stockholders will receive account statements, Annual Reports and proxies directly from their broker or financial advisor.

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    GM’s registrar and stock transfer agent is Computershare Trust Company, N.A.  Computershare maintains the record of GM’s stock ownership by registered stockholders (those whose accounts are maintained in their name by Computershare).  If you need help with your stock account held through a brokerage firm, contact your broker directly for assistance.

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    GM does not issue stock certificates. Rather, GM uses a form of registered stock ownership called book entry or Direct Registration Profile System (DRS). The book-entry owners of the security are registered on the books of the company and, in lieu of certificates, stockholders receive statements of holding. Book-entry ownership is more convenient for investors because it eliminates the risk of lost or stolen certificates and the cost to replace the lost or stolen certificates, and the sale or transfer of the stock is simplified.

Financial Reporting

Warrant Holders Information

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    The warrants for GM (New GM) common stock were issued to Motors Liquidation Company in connection with the creation of new GM.  Motors Liquidation Company was responsible for the distribution of the warrants to unsecured creditors of Motors Liquidation Company in accordance with the bankruptcy plan, which was confirmed by the bankruptcy court on March 31, 2011.

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    The Warrant B, CUSIP 37045V126, are currently exercisable and tradable. The Warrants B expire on July 10, 2019.  Any Warrants B not exercised prior to the cutoff time on July 10, 2019 will expire and be canceled, and the holder will not receive any shares of GM common stock.  The exercise price for Warrants B is $18.33. Strike price may change due to certain events, such as a stock dividend or stock split.

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    Holders have the right to full physical settlement or net share settlement. 

    In full physical settlement, holders must pay the exercise price, which currently is $18.33 for each Warrant B (CUSIP 37045V126), (plus any associated fees charged by the broker, etc.) in order to receive one share of GM’s common stock for each warrant exercised. 

    In a net share settlement, the transaction is cashless (unless there are associated fees charged by the broker, etc.), and the holder will receive a number of shares of GM’s common stock equal to the Net Share Settlement Price,  (minus the exercise price, divided by the Net Share Settlement Price.   Subject to variation in accordance with the warrant agreement, the Net Share Settlement Price is equal to the volume weighted average price per share of GM’s common stock for the 20 trading days prior to the date of determination of the Net Share Settlement Price for the regular trading session, as reported on the NYSE).  All fractional shares will be paid in cash. 

    Please check with your broker or financial advisor for further details.

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    The receipt of new GM stock and warrants by Motors Liquidation Company (MLC) bondholders was generally not a taxable event. Your cost basis in your Motors Liquidation Company debt is your basis in the GM stock and warrants received. The basis should be spread to the assets received pro rata based on value. You may want to seek the advice of a tax advisor and or your financial advisor for assistance in determining your cost basis and allocation between the various assets received, or if you received additional assets from MLC.