Capital One Announces Share Repurchase Plan

                 Capital One Announces Share Repurchase Plan

PR Newswire

MCLEAN, Va., July 2, 2013

MCLEAN, Va., July 2, 2013 /PRNewswire/ --Capital One Financial Corporation
(NYSE: COF) today announced that its Board of Directors has authorized the
repurchase of up to $1 billion of shares of Capital One common stock, subject
to the closing of the previously announced sale by Capital One of its
portfolio of Best Buy private label and co-branded credit card accounts. The
Federal Reserve has informed Capital One that, contingent on the closing of
the Best Buy Portfolio sale, Capital One may repurchase the shares through
March 31, 2014. Capital One expects the sale of the Best Buy portfolio to be
completed in the third quarter of 2013.

The timing and exact amount of any Capital One common stock repurchases will
depend on various factors, including the closing of Capital One's sale of the
Best Buy portfolio, market conditions, Capital One's capital position, and
internal capital generation. Capital One's share repurchase program does not
include specific price targets, may be executed through open market purchases
or privately negotiated transactions, including utilizing Rule 10b5-1
programs, and may be suspended at any time.

Forward Looking Statements
Certain statements in this release are forward-looking statements, which
involve a number of risks and uncertainties. Capital One cautions readers that
any forward-looking information is not a guarantee of future performance and
that actual results could differ materially from those contained in the
forward-looking information due to a number of factors, including those listed
from time to time in reports that Capital One files with the Securities and
Exchange Commission, including, but not limited to, the Annual Report on Form
10-K for the year ended December 31, 2012.

About Capital One
Capital One Financial Corporation ( is a financial holding
company whose subsidiaries, which include Capital One, N.A., and Capital One
Bank (USA), N. A., had $212.4 billion in deposits and $300.2 billion in total
assets as of March 31, 2013. Headquartered in McLean, Virginia, Capital One
offers a broad spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels. Capital One,
N.A. has more than 900 branch locations primarily in New York, New Jersey,
Texas, Louisiana, Maryland, Virginia and the District of Columbia.A Fortune
500 company, Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 100 index.

SOURCE Capital One Financial Corporation

Contact: Investor Relations, Jeff Norris, 703.720.2455 or Danielle Dietz,
703.720.2455; Media Relations: Julie Rakes, 804.284.5800
Press spacebar to pause and continue. Press esc to stop.