Hibernia Shareholders Vote in Favor of Merger With Capital One

Hibernia Corporation (NYSE: HIB) announced that, at a
special meeting held today in Houston, its shareholders voted to
approve the merger of the company into Capital One Financial
Corporation. Approximately 97% of the shares voting, which constitutes
more than 57% of Hibernia Corporation's outstanding shares, approved
an amended proposal under which Capital One will acquire Hibernia in a
stock and cash transaction.
   The merger is expected to close Nov. 16. Upon completion of the
transaction, Hibernia would become the banking segment of Capital One
Financial Corporation.
   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
328 locations in 34 Louisiana parishes and 36 Texas counties. Hibernia
Corporation's common stock (HIB) is listed on the New York Stock
Exchange.
   Headquartered in McLean, Va., Capital One Financial Corporation
(www.capitalone.com) is a financial holding company whose principal
subsidiaries -- Capital One Bank, Capital One, F.S.B., and Capital One
Auto Finance, Inc. -- offer a variety of consumer lending products. As
of Sept. 30, 2005, Capital One's subsidiaries collectively had 49.2
million accounts and $84.8 billion in managed loans outstanding.
Capital One is a Fortune 500 company and, through its subsidiaries, is
one of the largest providers of MasterCard and Visa credit cards in
the world. Capital One trades on the New York Stock Exchange under the
symbol "COF" and is included in the S&P 500 index.

   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;
various risks associated with the proposed Capital One transaction in
the event the transaction 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 September 30, 2005.