CNH Capital Unveils Industry-Leading Municipal Lease Offering

CNH CAPITAL UNVEILS INDUSTRY-LEADING MUNICIPAL LEASE OFFERING

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RACINE, Wis. - (June 18, 2008) - CNH Capital, the financial services business of agricultural and construction equipment maker CNH Global N.V., has unveiled its most flexible and competitive municipal lease offering to date.

This industry-leading lease offering will be sold primarily through the nearly 2,500 agricultural and construction equipment dealers who represent the CNH family of brands in the United States - including Case IH, New Holland, Case, New Holland Construction and Kobelco.

"CNH Capital's municipal lease program offers competitive rates and is fully supported by our customer service and sales professionals," says Larry Self, Director of Leasing for CNH Capital. "With our new municipal lease offering, state and local governments and other municipal entities that qualify now have an easy and cost-effective way to obtain the equipment they need for a variety of municipal projects."

Highlights of the new CNH Capital municipal lease offering include fast credit approvals. In fact, most applications are approved within hours. In addition, leases can be tailored to the financial situation of each municipality, with terms ranging from 24 to 60 months. Lease terms also can be structured around the useful life of the equipment, financing up to 100% of the acquisition.

All municipal lease programs are fully supported by CNH Capital customer service and sales professionals who deliver efficient and accurate service, before and after funding a transaction.

"These new lease programs can help municipalities fast-track through what is typically a lengthy process," according to Self. "And our expertise in the financial and equipment industries means we can provide prompt and flexible municipal leasing options that are custom-tailored to their needs."

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About CNH Capital
CNH Capital, the financial services business of CNH Global N.V. (NYSE: CNH), a majority-owned subsidiary of Fiat Group (FIA:MI), provides a comprehensive range of services, including wholesale and retail financing, leasing, insurance, asset management, and revolving lines of credit, for the global marketplace. Building on more than 50 years' experience in the equipment finance industry, CNH Capital services a portfolio of more than $18 billion, helping customers through various wholly owned subsidiaries and joint ventures throughout North America, Latin America, Europe and Australia. More information about CNH Capital can be found at: www.cnhcapital.com.