Bill Hall Named GMAC Commercial Finance's European Operations Division President.

SOUTHFIELD, Mich. -- GMAC Commercial Finance (GMAC CF), a wholly owned subsidiary of General Motors Acceptance Corporation Financial Services (GMACFS) since 1999, is pleased to announce the appointment of Bill Hall as President of its European Operations. The European Operations offer a full range of lending products to middle-market companies through a staff of more than 240 employees in the UK and Poland.

Bill Hall is currently President of the Structured Finance Division of GMAC CF, a leading participant in the middle-market leveraged finance arena in North America. He will continue serving the division as co-President with George Triebenbacher, who will assume day-to-day management responsibility. Founded in 1999, the division manages a portfolio of financing commitments in excess of $3 billion.

GMAC Commercial Finance, considered a leader in its segment of the financial services market, provides asset-based lending, equipment finance/leasing, structured finance and factoring services to a wide variety of middle-market clients in diverse industries. Loan facilities are in the $1 million to $350 million range. With locations in the United States, Canada, Hong Kong, Poland, the United Kingdom, and plans to open an office in Germany the 3rd Quarter of 2005, the Company is positioned to provide lending services worldwide.

For additional information, please call [phone] in North America or +011-44-127-332-1211 in Europe.