Dividend Declaration

GM Declares Quarterly Dividend 
 
    DETROIT, May 7 -- General Motors Corp. (NYSE: GM, GMH) today 
declared a quarterly dividend of $0.50 per share on GM $1-2/3 par value common 
stock.  The dividend is payable June 10, 2003, to holders of record as of  
May 16, 2003.  The dividend rate is unchanged from the previous quarter. 
    General Motors Corp., the world's largest vehicle manufacturer, employs 
342,000 people globally in its core automotive business and subsidiaries. 
 
SOURCE  General Motors Corp. 
    -0-                             05/07/2003 P 
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    (GM GMH)