Special Committee of CNH Global Confirms Receipt of Revised Proposal from Fiat Industrial

Special Committee of CNH Global Confirms Receipt of Revised Proposal from Fiat
                                  Industrial

  PR Newswire

  NEW YORK, Nov. 19, 2012

NEW YORK, Nov. 19, 2012 /PRNewswire/ --The Special Committee of the Board of
Directors of CNH Global N.V. (NYSE: CNH) ("CNH") today confirmed that it has
received a revised proposal from Fiat Industrial S.p.A. ("FI") regarding a
potential strategic combination between FI and CNH. The Special Committee
will review the proposal in consultation with its financial and legal
advisors.

The Special Committee advises the company's shareholders and others
considering trading in its securities that the Special Committee is evaluating
the proposal and there can be no assurance that the proposal will lead to any
definitive offer, that any agreement will be reached or that any transaction
will be consummated.

At this time, no action by the company's shareholders is required. Further
announcements will be made by the Special Committee when and as appropriate.

The Special Committee has engaged Cravath, Swaine & Moore LLP, De Brauw
Blackstone Westbroek N.V. and Bonelli Erede Pappalardo, as its legal advisors,
and J.P. Morgan and Lazard, as its financial advisors, to assist it in its
work.

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements relating to CNH and the
proposed business combination with FI. All statements included in this
communication concerning activities, events or developments that we expect,
believe or anticipate will or may occur in the future are forward-looking
statements. Forward-looking statements are based on current expectations and
projections about future events and involve known and unknown risks,
uncertainties and other factors, including, but not limited to, the following:
uncertainties as to whether the proposed business combination will be
consummated, uncertainties as to the timing of the proposed business
combination, uncertainties as to how many of CNH's shareholders will
participate in the proposed business combination, the risk that the
announcement of the proposed business combination may make it more difficult
for CNH to establish or maintain relationships with its employees, suppliers
and other business partners, the risk that CNH's business will be adversely
impacted during the pendency of the proposed business combination; the risk
that the operations of CNH and FI will not be integrated successfully, the
risk that the expected cost savings and other synergies from the proposed
business combination may not be fully realized, realized at all or take longer
to realize than anticipated, and other economic, business and competitive
factors affecting the businesses of CNH generally, including those set forth
in its annual report on Form 20-F for the year ended December 31, 2011 filed
by CNH with the SEC on February 29, 2012. These forward-looking statements
speak only as of the date of this communication and we undertake no obligation
to update or revise any forward-looking statement, whether as a result of new
information, future events and developments or otherwise, except as required
by law.

Burson-MarstellerJason Schechter / Jennifer Friedman+1-212-614-5257
 
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