Committee To Evaluate Fiat Proposal

CNH Global N.V. announced that its Board of Directors received a proposal from Fiat Industrial S.p.A. regarding a combination transaction between Fiat Industrial S.p.A. and CNH.

CNH has formed a special committee of independent and unconflicted directors to evaluate the proposed transaction. The special committee has engaged legal and financial advisors to assist it in its work.

Approval of the transaction will require the approval of the independent and unconflicted members of the board of directors of CNH.