Hibernia Declares Quarterly Cash Dividend of 20 Cents Per Common Share

Hibernia Corporation's (NYSE:HIB) board of directors
today declared a quarterly cash dividend of 20 cents per common share,
payable Nov. 15, 2005, to shareholders of record Nov. 7, 2005.
   Based on yesterday's closing price of Hibernia's common stock, the
new dividend yield is 2.76%.
   Hibernia's merger into Capital One Financial Corporation is
scheduled to close two business days following the Nov. 14, 2005,
special meeting of Hibernia shareholders to vote upon the amended
merger agreement. The merger is subject to Hibernia shareholders'
approval of the amended agreement and the effectiveness of all
necessary regulatory approvals.
   Hibernia is on Forbes magazine's list of the world's 2,000 largest
companies and Fortune magazine's list of America's top 1,000 companies
according to annual revenue. Hibernia has $23.2 billion in assets and
326 locations in 34 Louisiana parishes and 36 Texas counties. Hibernia
Corporation's common stock (HIB) is listed on the New York Stock
Exchange.

   Additional Information About the Capital One Transaction

   In connection with the proposed merger, Capital One has filed with
the SEC a post-effective amendment to its Registration Statement on
Form S-4 that includes a new proxy statement of Hibernia that also
constitutes a prospectus of Capital One, and has filed a definitive
proxy statement/prospectus with the SEC. Hibernia has mailed the
definitive proxy statement/prospectus to its stockholders. Investors
and security holders are urged to read the definitive proxy
statement/prospectus regarding the proposed merger, because it
contains important information. You may obtain a free copy of the
definitive proxy statement/prospectus and other related documents
filed by Capital One and Hibernia with the SEC at the SEC's website at
http://www.sec.gov. The definitive proxy statement/prospectus and the
other documents also may be obtained for free by accessing Capital
One's website at http://www.capitalone.com under the tab "Investors"
and then under the heading "SEC & Regulatory Filings" or by accessing
the SEC homepage at www.SEC.gov.
   Capital One, Hibernia and their respective directors, executive
officers and certain other members of management and employees may be
soliciting proxies from Hibernia stockholders in favor of the merger.
Information regarding the persons who may, under the rules of the SEC,
be considered participants in the solicitation of the Hibernia
stockholders in connection with the proposed merger is set forth in
the definitive proxy statement/prospectus filed with the SEC. You can
find information about Capital One's executive officers and directors
in its definitive proxy statement filed with the SEC on March 21,
2005. You can find information about Hibernia's executive officers and
directors in its definitive proxy statement filed with the SEC on
March 15, 2005. You can obtain free copies of these documents from
Capital One and Hibernia using the contact information above.

   Forward-looking statements

   Information in this press release contains forward-looking
statements, which involve a number of risks and uncertainties. Any
forward-looking information is not a guarantee of future performance
and the actual results could differ materially from those contained in
the forward-looking information. Among the factors that could cause
actual results to differ materially are the following: the impact of
property, credit and other losses expected as the result of Hurricane
Katrina and Hurricane Rita; the amount of government, private and
philanthropic investment, including deposits, in the geographic
regions impacted by Hurricane Katrina and Hurricane Rita; the pace and
magnitude of economic recovery in the region impacted by Hurricane
Katrina and Hurricane Rita; the potential impact of damages from
future hurricanes and other storms; an increase or decrease in credit
losses (including increases due to a worsening of general economic
conditions); financial, legal, regulatory or accounting changes or
actions; changes in interest rates; general economic conditions
affecting consumer income, spending, repayments and savings; the
amount of, and rate of growth in, Hibernia's expenses (including
salaries and associate benefits and marketing expenses); Hibernia's
ability to execute on its strategic and operational plans; the costs
and effects of litigation and of unexpected or adverse outcomes in
such litigation; continued intense competition from numerous providers
of products and services which compete with Hibernia's business; the
risk that Hibernia stockholders may not approve the proposed
transaction with Capital One Financial Corporation; and various risks
associated with the proposed Capital One transaction in the event
Hibernia's shareholders approve the transaction and it is completed,
including: the ability of Capital One and Hibernia to recruit and
retain experienced personnel to assist in management and operations;
the risk that the businesses of Capital One and Hibernia will not be
integrated successfully; the risk that the cost savings and any other
synergies from the proposed transaction may not be fully realized or
may take longer to realize than expected; disruption from the proposed
transaction making it more difficult to maintain relationships with
customers, employees or suppliers; and other risk factors listed from
time to time in Hibernia's SEC reports, including, but not limited to,
the Quarterly Report on Form 10-Q for the quarter ended June 30, 2005.