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Capital One Announces Pricing Of Common Stock Offering









MCLEAN, Va., March 15, 2012 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) today announced the pricing of a public offering of 24,442,706 shares of its common stock, at a per share price of $51.65, for gross proceeds of approximately $1.26 billion.  Morgan Stanley, Barclays Capital, Citigroup and Credit Suisse are acting as book-running managers for the offering.  The offering is expected to close on March 20, 2012, subject to customary closing conditions.  Capital One intends to use the net proceeds of the offering to fund a portion of its previously announced acquisition of HSBC's U.S. credit card business. 



The public offering is being made pursuant to an effective shelf registration statement that has been filed with the Securities and Exchange Commission (the "SEC").  A preliminary prospectus supplement related to the offering will be filed with the SEC and will be available on the SEC's website at http://www.sec.gov.  Copies of the prospectus supplement and the base prospectus relating to these securities may be obtained from (i) Morgan Stanley, by calling 1-866-718-1649, by mail at Morgan Stanley Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Dept., or by e-mail at prospectus@morganstanley.com; (ii) Barclays Capital Inc., by calling 1-888-603-5847, by mail at c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by e-mail at Barclaysprospectus@broadridge.com; (iii) Citigroup, by calling 1-800-831-9146, or by mail at Brooklyn Army Terminal, 140 58th Street, Brooklyn, NY 11220; or (iv) Credit Suisse Securities ( USA) LLC, by calling 1-800-221-1037, by mail at Attention: Prospectus Department, One Madison Avenue, New York, NY 10010, or by e-mail at newyork.prospectus@credit-suisse.com.

This press release is neither an offer to sell nor a solicitation of an offer to buy any of the common stock or any other security of Capital One, nor shall there be any sale of the common stock in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

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