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Press release from Business Wire

Sallie Mae Declares Common Stock Dividend

<p class='bwalignc'> <i><b>Declares Preferred Stock Series A and B Dividends</b></i> </p>

Tuesday, April 09, 2013

Sallie Mae Declares Common Stock Dividend

16:15 EDT Tuesday, April 09, 2013

NEWARK, Del. (Business Wire) -- Sallie Mae (NASDAQ: SLM), formally SLM Corporation, announced that its Board of Directors today approved a quarterly dividend on the company's common stock of $0.15 per share. The dividend will be paid on June 21, 2013, to shareholders of record at the close of business on June 7, 2013.

In addition, the company announced a 2013 second-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 April 30, 2013, to Series A shareholders of record at the close of business on April 19, 2013.

The company also announced a 2013 second-quarter dividend on its Preferred Stock Series B of $0.5170261 per share. The dividend on the Preferred Stock Series B will be paid on June 17, 2013, to shareholders of record at the close of business on June 7, 2013.

Sallie Mae (NASDAQ: SLM) is the nation's No. 1 financial services company specializing in education. Celebrating 40 years of making a difference, Sallie Mae continues to turn education dreams into reality for American families, today serving 25 million customers. With products and services that include 529 college savings plans, Upromise rewards, scholarship search and planning 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.

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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