Pre-Budget VAT Announcement - GM UK Fleet Response

26 November 2008

In recognition of the VAT changes announced in the Pre-Budget Report on 24 November, please be advised of the following:

Full VAT reduction passed on to customers

Following the Chancellor's announcement in his Pre-Budget Report that the rate of VAT is to be reduced from 17.5% to 15%, we would like to announce that effective 1 December 2008, Cadillac, Saab, HUMMER, Vauxhall and Chevrolet will pass the full reduction on to the customer.

All On-The-Road Prices and Option Prices will reduce accordingly. PDF versions of the revised Price Guides will be sent to you via an e-bulletin on Friday 28 November with printed Price Guides to follow.

Tax Advice Statement

Please note that the above does not constitute VAT advice provided by GM UK Fleet and as such customers should seek the advice from their Tax Office where guidance is required on matters related to the VAT rate change.

If you have any queries regarding the impact of the VAT rate change on the GM UK range please email gmukfleet@gm.com or contact our Information Centre on 0870 010 0651.^*1

Yours sincerely

Maurice Howkins
Fleet Sales Director