On January 6, 2016, Lion Point Capital, LP issued a statement commenting on Ally Financial Inc.'s January 4th press release pertaining to Lion Point and the Company's private discussions. In the statement, Lion Point stated that its intention has been to work constructively and privately with the Company's Board of Directors to address what Lion Point believes to be the concerns of many shareholders on the significant gap between the Company's intrinsic value and its stock price. In addition, Lion Point stated that it has disappointed with the Company's decision to go public with its private nomination via a press release.

Further, Lion Point stated that it hopes to continue the dialogue with the Company and its Board, and work with the Board constructively in the manner most beneficial to the Company and all of its shareholders.