UNITED STATES ANNOUNCES $23.8 MILLION SETTLEMENT WITH GM TO RESOLVE ENVIRONMENTAL LIABILITIES AT THREE SUPERFUND SITES IN NEW JERSEY, MARYLAND, AND MISSOURI

1 February 2012 – Preet Bharara, the United States Attorney for the Southern District of New York, announced today that the United States has entered into a Settlement Agreement with a successor trust to Chapter 11 debtor MOTORS LIQUIDATION COMPANY (“Old GM”), formerly known as General Motors Corporation, to settle Old GM’s environmental liabilities arising from its releases of hazardous substances at Diamond Alkali Superfund Site in New Jersey, the Kane & Lombard Street Drum Superfund Site in Maryland, and the Hayford Bridge Road Groundwater Superfund Site in Missouri. The Settlement Agreement was lodged yesterday in Manhattan bankruptcy court.