Tender Offer

General Motors is Neutral on Tracinda Tender Offer 
 
    DETROIT, May 20 -- General Motors Corporation (NYSE: GM) announced today 
that its Board of Directors has determined that GM will express no opinion and 
is neutral with respect to Tracinda Corporation's tender offer to purchase up to 
28 million shares of GM's common stock at a price of $31 per share.  The shares 
sought in the tender offer represent less than 5 percent of GM's outstanding 
common stock.  Unless extended, Tracinda's tender offer will expire on June 7, 
2005 at 5:00 p.m., Eastern time.   
    Additional information regarding the Board's determination on the tender 
offer, including a copy of GM's statement on Schedule 14D-9, in which GM 
responds to Tracinda's tender offer, is available without charge at GM's 
website, 'http://www.gm.com ,' or at the SEC's website, 'http://www.sec.gov .'  
Additionally, written requests by GM's stockholders for copies of GM's 
statement on Schedule 14D-9 can be directed to Morrow & Co., Inc., 445 Park 
Avenue - 5th Floor, New York, NY  10022, Attn: General Motors 14D-9 Requests, 
and telephone requests can be directed to Morrow at [phone]. 
    The Board and management of GM remain committed to enhancing value for all 
GM stockholders and will continue to communicate with stockholders regarding 
these matters.  
    General Motors, the world's largest automaker, has been the global 
industry sales leader since 1931.  Founded in 1908, GM today employs about 
321,000 people around the world.  It has manufacturing operations in 32 
countries and its vehicles are sold in 200 countries.  More information can be 
found at http://www.gm.com .  For additional media information, visit 
http://media.gm.com .  
 
SOURCE  General Motors Corporation 
    -0-                             05/20/2005 P 
    /CONTACT:  Toni Simonetti of General Motors Corporation, [phone], 
or [e-mail] / 
    /Web site:  http://media.gm.com  
                http://www.gm.com  
                http://www.sec.gov / 
    (GM)