General Motors Investor Presentation — March 2017

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MARCH 6, 2017GM AN NOU NC ES

Sale of Opel/Vauxhall to PSA Group for ~$2.2B

Builds on success of prior alliance

Collaboration between GM and PSA Group to continue

Allows GM to focus resources on higher -return opportunities

Accelerates returns to ownersOWN TH E CUSTOMER R EL ATIONSH I P B EYON D TH E CAR

FOUNDATIONCORE BUSINESS AND GROWTHWE AR E R EDEFI N I NG TH E FUTU R E OF PERSONAL MOB I LITY

3De-risks enterprise

Participation in upside

Unlocks cash for distribution

Enables focus on growth opportunitiesCreates a leading franchise in Europe

Complementary brands & distribution

$1.8B of annual run -rate synergiesAccess to local scale

Operating independence preserved

Pension benefits protectedWI N -WI N COMB I NATION: B EN EFITI NG ALL PARTI ES

4All parties to benefit from transaction

OPER ATIONS TO B E DIVESTED

5Massive scope of transactionOpel and Vauxhall brands

~$19B revenue (AutoCo + FinCo)

6 assembly/5 component facilities

1 engineering center

FinCo operation ~$ 10B asset base

Headquarters Components

Engineering AssemblyTR ANSACTION SUMM ARY

6GM retains net underfunded pensions of $6.5BAutoCo cash consideration ~$0.9B

Pension de -risking premium ~($0.4B) *

AutoCo consideration ~$1.2B

FinCo cash consideration ~$1.0B

Total consideration ~$2.2B~4x 2016 EBITDA

* Approximately half is risk premium, the remainder due to differences in assumptionsGME HAS B EEN EXECUTI NG TO DR IVE 2022 PL AN

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