/C O R R E C T I O N -- General Motors Corporation/ In the news release GM , Hughes and News Corporation Complete Hughes Transactions, issued earlier today by General Motors Corporation over PR Newswire, we are advised by the company that the fourth and fifth paragraphs should read: Immediately prior to the close of the Hughes transaction, there were 1,109,270,842 shares of GM Class H common stock outstanding. As a result of the transactions, GM Class H common stockholders received about 0.8232 shares of Hughes common stock and about 0.0921 News Corporation Preferred ADSs for each share of GM Class H common stock held immediately prior to the closing of the transaction. After completion of the transactions, News Corporation transferred its entire 34 percent interest in Hughes to Fox Entertainment Group, Inc. (NYSE:FOX) in exchange for two promissory notes totaling $4.5 billion and approximately 74.5 million shares of Class A common stock of Fox Entertainment Group valued at $27.99 per share. As a result of the transfer, News Corporation's equity interest in Fox Entertainment Group increased to approximately 82.0 percent from approximately 80.6 percent while its voting power remained at approximately 97 percent. rather than: Immediately prior to the close of the Hughes transaction, there were 1,109,270,842 shares of GM Class H common stock outstanding. As a result of the transactions, GM Class H common stockholders received about 0.8232 shares of Hughes common stock and about 0.1768 News Corporation Preferred ADSs for each share of GM Class H common stock held immediately prior to the closing of the transaction. After completion of the transactions, News Corporation transferred its entire 34 percent interest in Hughes to Fox Entertainment Group, Inc. (NYSE:FOX) in exchange for two promissory notes totaling $4.5 billion and approximately 74.2 million shares of Class A common stock of Fox Entertainment Group valued at $27.99 per share. As a result of the transfer, News Corporation's equity interest in Fox Entertainment Group increased to approximately 82.0 percent from approximately 80.6 percent while its voting power remained at approximately 97 percent. PRNewswire -- Dec. 22 DATASOURCE: General Motors Corporation Web site: http://media.gm.com/ http://www.gm.com/

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