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CNH Global Announces Annual Dividend

RACINE, Wis.--March 12, 2001--The Board of Directors of CNH Global N.V. has recommended a dividend for the year 2000 of 10 cents per share, reflecting the Company's current financial results. Payment of the dividend is subject to approval at the Annual Shareholders Meeting in Amsterdam on May 3, 2001, and will be payable on May 31, 2001 to shareholders of record on May 17, 2001.

CNH is the number one manufacturer of agricultural tractors and combines in the world, the third largest maker of construction equipment, and has one of the industry's largest equipment finance operations. Revenues in 2000 were over $10 billion. Based in the United States, CNH's network of 10,000 dealers and distributors operates in over 160 countries. CNH agricultural products are sold under the Case IH, New Holland and Steyr brands. CNH construction equipment is sold under the Case, Fiatallis, Fiat-Hitachi, Link-Belt, New Holland, and O&K brands.

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