CNH ANNOUNCES EXTENSION OF SENIOR NOTES EXCHANGE OFFER

 

For more information contact:

Communications (+1) 847 955-3939

LAKE FOREST, Ill., June 22, 2005 /PRNewswire-FirstCall via COMTEX/ - CNH Global N.V. (NYSE: CNH) today announced that its wholly owned subsidiary, Case New Holland Inc., has extended the expiration date of its offer to exchange up to $500,000,000 in aggregate principal amount of its registered 6% Senior Notes due 2009 for its outstanding unregistered 6% Senior Notes due 2009, and up to $1,050,000,000 in aggregate principal amount of its registered 9¼% Senior Notes due 2011 for its outstanding unregistered 9¼% Senior Notes due 2011.

The exchange offer, which was originally scheduled to expire at 5:00 p.m., New York City time, on June 21, 2005, will now expire at 5:00 p.m., New York City time, on June 27, 2005.  Through 5:00 p.m., New York City time, on June 21, 2005, $496,680,000 in aggregate principal amount of the outstanding 6% Senior Notes due 2009 and $1,045,415,000 in aggregate principal amount of the outstanding 9¼% Senior Notes due 2011 have been tendered to the exchange agent by the holders thereof.

The exchange agent for the exchange offer is JPMorgan Chase Bank, N.A., ITS Bond Events, 2001 Bryan Street, 9th Floor, Dallas, TX 75201.  For information, call +1-800-275-2048.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the senior notes, nor will there be any sale of the senior notes in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

CNH is the power behind leading agricultural and construction equipment brands of the Case and New Holland brand families.  Supported by 11,400 dealers in approximately 160 countries, CNH brings together the knowledge and heritage of its brands with the strength and resources of its worldwide commercial, industrial, product support and finance organizations.  More information about CNH and its products can be found on line at http://www.cnh.com.

SOURCE CNH Global N.V.

CONTACT:  Richard L. Nelson, Media Relations, +1-847-955-3939, or Albert Trefts, Jr., Investor Relations, +1-847-955-3821, both of CNH Global N.V.