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CHENNAI, India – GMAC Financial Services today announced it has purchased the 25.1 percent equity stake in GMAC Financial Services India Ltd. from Nucleus Software Exports Limited, bringing ownership of this automotive finance business to 100 percent subject to regulatory approval.

“This transaction is a strategic decision and underlines GMAC's commitment to the Indian market and desire to position our business for the long term. The Indian auto market is a key area of growth and through whole ownership, GMAC will be better positioned to continue to expand its automotive finance business,” said Ruud Grin, regional vice president for GMAC Asia Pacific. “In addition, we value our relationship with General Motors in this market, and will continue to support the sale of GM products in the region.”

In 2004, Nucleus Software Exports Limited, one of GMAC's key international information technology suppliers, acquired 25.1 percent of GMAC's Indian operation.

“Nucleus Software Exports Limited has been an excellent partner, and GMAC's automotive International Operations will continue to use Nucleus as one of its preferred information technology providers,” said Grin.

About GMAC Financial Services
GMAC Financial Services is a global, diversified financial services company that operates in approximately 40 countries in automotive finance, real estate finance, insurance and commercial finance businesses. GMAC was established in 1919 and currently employs about 31,000 people worldwide. At Dec.31, 2006, GMAC held more than $287 billion in assets and earned net income for 2006 of $2.1 billion on net revenue of $18.2 billion. GMAC Financial Services India Ltd. has been present in India since 1997 with headquarters in Chennai and 100 employees in 21 offices across the country. For more information, go to www.gmacfs.com.

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Contact::
Rainer Schlitt
GMAC International Operations
Tel. ++49 6142 604 568
rainer.schlitt@gmacfs.com