Sallie Mae Declares Common Stock Dividend

  Sallie Mae Declares Common Stock Dividend

              Announces Preferred Stock Series A and B Dividends

Business Wire

NEWARK, Del. -- November 15, 2012

Sallie Mae (NASDAQ: SLM), the nation’s No. 1 financial services company
specializing in education, announced a 2012 fourth-quarter dividend on its
common stock of $0.125 per share. The dividend will be paid on Dec. 21, 2012,
to shareholders of record at the close of business on Dec. 7, 2012.

In addition, the company announced a 2012 fourth-quarter dividend on its
Preferred Stock Series B of $0.5271049 per share. The dividend on the
Preferred Stock Series B will be paid on Dec. 17, 2012, to shareholders of
record at the close of business on Dec. 7, 2012.

The company also announced a 2013 first-quarter dividend on its Preferred
Stock Series A of $0.87125 per share. The dividend on the Preferred Stock
Series A will be paid on Jan. 31, 2013, to shareholders of record at the close
of business on Jan. 18, 2013.

On Sept. 30, 2012, Sallie Mae had 462 million shares of common stock, 3.3
million shares of Preferred Stock Series A, and 4 million shares of Preferred
Stock Series B outstanding. These shares trade on NASDAQ.

Sallie Mae (NASDAQ: SLM) is the nation’s No. 1 financial services company
specializing in education. Whether college is a long way off or just around
the corner, Sallie Mae turns education dreams into reality for its 25 million
customers. With products and services that include 529 college savings plans,
Upromise rewards, scholarship search tools, education loans, insurance, and
online banking, Sallie Mae offers solutions that help families save, plan, and
pay for college. Sallie Mae also provides financial services to hundreds of
college campuses as well as to federal and state governments. Learn more at
SallieMae.com. Commonly known as Sallie Mae, SLM Corporation and its
subsidiaries are not sponsored by or agencies of the United States of America.

Contact:

Sallie Mae
Media:
Patricia Nash Christel, 302-283-4076
patricia.christel@SallieMae.com
or
Investors:
Joe Fisher, 302-283-4075
joe.fisher@SallieMae.com
or
Steven McGarry, 302-283-4074
steven.j.mcgarry@SallieMae.com
 
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