Nov. 16, 2012-- Capital One Financial Corporation (NYSE: COF) today announced the redemption of certain trust preferred capital securities, which will be redeemed on January 2, 2013. Section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act mandates that Tier I capital credit for trust preferred securities be phased out over a three-year transition period starting on January 1, 2013. The following Securities will be redeemed pursuant to redemption provisions relating to the occurrence of a capital treatment event, at a price equal to 100% of the aggregate principal amount of such Securities, plus accrued and unpaid distributions thereon to the date of redemption: Capital One Capital III 7.686% Capital Securities $650,000,000 14042BAA4 Capital One Capital IV 6.745% Capital Securities $500,000,000 140422AA4 Capital One Capital V 10.25% Cumulative Trust Preferred Securities $1,000,000,000 14043CAB9 Capital One Capital VI 8.875% Cumulative Trust Preferred Securities $1,000,000,000 14043DAB7 Coastal Capital Trust II Floating Rate Preferred Securities $10,000,000 190430AA6 The following Securities will be redeemed pursuant to redemption provisions relating to optional redemption, at a price equal to 100% of the aggregate liquidation amount of such Securities, plus accrued and unpaid distributions thereon to the date of redemption: Capital One Capital II 7.50% Enhanced Trust Preferred Securities $345,000,000 14041L204 The following Securities will be redeemed pursuant to redemption provisions relating to optional redemption, at a price equal to 101.9035% of the aggregate liquidation amount of such Securities, plus accrued and unpaid distributions thereon to the date of redemption: North Fork Capital Trust II 8.00% Capital Trust Pass-Through Securities $100,000,000 659437AA5 The following Securities will be redeemed pursuant to redemption provisions relating to optional redemption, at a price equal to 102.451% of the aggregate liquidation amount of such Securities, plus accrued and unpaid distributions thereon to the date of redemption: Reliance Capital Trust I 8.17% Capital Securities $45,000,000 759454AC5 759454AB7

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Capital One Capital II, 7.50% Enhanced TRUPS Trust Preferred Securities, liquidation amount $25 per share, guaranteed by Capital One Financial Corporation (NYSE: COF) (See our definition of Guaranteed in our Glossary of Income Investing Terms for the technicalities of the guarantee), redeemable at the issuer's option on or after 6/15/2011 at $25 per share plus accrued and unpaid dividends, maturing 6/15/2066, distributions of 7.50% ($1.875) per annum are paid quarterly on 3/15, 6/15, 9/15 & 12/15 to holders of record one business day prior to the payment date while the securities remain in global security form. The company has the right, at any time, to defer dividend payments for up to 20 consecutive quarters (but not beyond the maturity date). The trust's assets consist of the 7.50% Junior Subordinated Deferrable Interest Debt Securities due 6/15/2066 which were purchased from the company using the funds generated from the sale of the trust preferred securities. See the IPO prospectus for further information on the trust preferred securities by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.50% $1.875	$25.00 $25.00	Called for 1/02/2013 6/15/2066	Baa3 BB+ 12/29/2012	3/15, 6/15, 9/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     https://www.capitalone.com/
Company's Investor Relations Information	Go to Investor Relations Information
Company's Online News Releases	Go to News Releases
Online Company Profile	Go to Online Profile

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

Go to SEC Filings

Company's Email Address Links

Email Address	investor.relations@capitalone.com
Email Request Form on Website	Go to Email Form

Address and Phone Numbers

Address:   1680 Capital One Drive, McLean, VA 22102
Main Phone Number	703-720-1000
Fax Number	Not Available
Investor Relations	703-720-2455
Toll Free Phone Number	800-955-7070

CEO - Richard D. Fairbank

COO - Nigel W. Morris

CFO - Gary L. Perlin