Holding(s) in Company

GM Contributes 149.2 Million Shares of GM Class H Stock 
                          To Employee Benefit Plans 
 
    NEW YORK, March 13  -- General Motors Corp. (NYSE: GM, GMH) 
today announced that it contributed 149.2 million shares of GM Class H common 
stock to certain of its U.S. employee benefit plans.  The contribution was 
valued on behalf of the independent trustee of the employee benefit plans at 
approximately $1.24 billion.  This valuation reflects a discount to the market 
value of the stock due to, among other things, various restrictions on the 
transfer of the shares provided for in the agreements between GM and the 
trustee. 
    GM contributed an aggregate of 108.2 million shares of Class H stock to 
its U.S. Hourly Employees Pension Plan and its Salaried Employees Pension Plan 
and 41 million shares to its Voluntary Employees' Beneficiary Association 
(VEBA) Trust, a trust established principally to fund health-care and life-
insurance benefits for GM's hourly retirees.  The contribution is expected to 
strengthen GM's balance sheet and reduce operating expenses associated with 
GM's employee benefit plans in calendar year 2003. 
    The contribution of these newly-issued shares increases the amount of GM 
Class H stock outstanding to about 1.1 billion and decreases GM's retained 
economic interest in its wholly-owned Hughes Electronics subsidiary to 
approximately 20 percent from 30.7 percent.  The contribution also increases 
the amount of GM Class H stock held by GM's employee benefit plans and managed 
by United States Trust Company of New York to approximately 330 million 
shares.  GM Class H stock is a common stock of General Motors designed to 
track the financial performance of Hughes.   
    Hughes, a world-leading provider of digital television entertainment, 
broadband services, satellite-based private business networks, and global 
video and data broadcasting, is a unit of General Motors Corporation.  The 
earnings of GM attributable to Hughes are used to calculate the earnings 
attributable to the GM Class H stock. 
    General Motors, the world's largest vehicle manufacturer, designs, builds 
and markets cars and trucks worldwide and has been the global automotive sales 
leader since 1931.  GM employs about 350,000 people around the world.  More GM 
information can be found at www.gm.com .  
     
SOURCE  General Motors Corporation 
    -0-                             03/13/2003 P 
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    /CONTACT:  Jerry Dubrowski, [phone], or Toni Simonetti,  
[phone], both of General Motors Corporation/ 
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