Issue of Debt

General Motors Corp
25 February 2002


Contact:   Jerry Dubrowski
           [phone]
           Toni Simonetti
           [phone]
           Mark Tanner
           [phone]


               GM FILES FOR CONVERTIBLE SECURITIES OFFERING

NEW YORK, Feb. 25 - General Motors Corporation (NYSE: GM) today announced plans
to offer $2.5 billion in convertible debt securities as part of a comprehensive
effort to improve the company's financial flexibility.

The proceeds of the offering, combined with other cash-generation initiatives,
will be used to rebuild GM's liquidity position, reduce its underfunded pension
liability and fund its post-retirement health care obligations.

The securities mature in 30 years and are convertible into GM $1-2/3 common
stock. Pricing of the securities is expected to occur later this week.

A supplemental prospectus relating to the offering is also available at the SEC
and on GM's investor web site.

This press release shall not constitute an offer to sell or the solicitation of
an offer to buy, nor shall there be any sale of these securities in any state in
which such offer, solicitation or sale would be unlawful prior to the
registration or qualification under the securities laws of any such state.


                      This information is provided by RNS
            The company news service from the London Stock Exchange