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 ____________ This security is possibly subject to an early call as a result of the occurrence of a capital treatment event (see prospectus for further information) stemming from the provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act which no longer allows the company to include the funds originating from this security as Tier 1 capital on their balance sheet. ____________ The 8.875% Capital VI preferred shares were issued on 11/10/2009 but are not yet trading on the stock markets. The securities have been assigned the temporary ticker symbol TEMP64 by QuantumOnline until they start trading on the NYSE or on the Other OTC market and their actual ticker symbol is known.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Capital One Capital VI, 8.875% Cumulative Trust Preferred Securities, liquidation amount $1000 per share, guaranteed by Capital One Financial Corp. (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 11/15/2014 at $1000 per share plus accrued and unpaid dividends, and maturing 5/15/2040. Cumulative distributions of 8.875% ($88.75) per annum are paid semi-annually on 5/15 & 11/15 to holders of record on the record date which is one business day prior to the payment date while the securities remain in book-entry form (NOTE: the ex-dividend date is at least 2 business days prior to the record date). Dividends paid by trust preferred securities are derived from interest paid to the underlying debt securities and therefore are NOT eligible for the 15% tax rate on dividends and are also NOT eligible for the dividend received deduction for corporate holders. The company has the right, at any time, to defer dividend payments for up to 10 consecutive semi-annual periods (but not beyond the maturity date). The trust's assets consist of the 8.875% Junior Subordinated Deferrable Interest Debt Securities due 5/15/2040 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
OTOTCn OTOTCps	8.88% $88.75	$1,000.00 $1,000.00	Called for 1/02/2013 5/15/2040	Baa3 BB+ 12/29/2012	5/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Email Address	investor.relations@capitalone.com
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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