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Ally Financial Offers $700 Million for Senior Notes

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Ally Financial has commenced cash tender offers to purchase up to $700 million aggregate principal amount of several of its senior guaranteed notes.

The offer applies to the following Allied notes:

• 8 percent senior guaranteed notes due 2020 and 2031

• 7.5 percent senior guaranteed notes due 2020

• 5.5 percent senior guaranteed notes due 2017 and

• 6.25 percent senior guaranteed notes due 2017

In addition to the maximum tender amount, which is subject to increase, no more than $150,000,000 aggregate principal amount of the 2031 Notes will be purchased in the tender offers.

The terms and conditions of the tender offers are described in an offer to purchase, dated May 14. Ally reserves the right, but is under no obligation, to increase the aggregate maximum tender amount or the tender cap without extending withdrawal rights except as required by law.

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