Neff Corp. Releases Aggregate Senior Subordinated Note Buyback Amount

    MIAMI--Aug. 2, 2002--Neff Corp. (OTC:NFFCA). The Company issued a press release on Wednesday July 31, 2002 to discuss the revenues and results from operations for the second quarter and the six months ended June 30, 2002. In that press release the Company stated that for the six months ended June 30, 2002, it had recorded a $12.3 million extraordinary gain on the repurchase of $24.7 million in an aggregate principal amount of Senior Subordinated Notes. This information was not correct. For the six months ended June 30, 2002, the Company recorded a $12.3 million extraordinary gain on the repurchase of $43.7 million in an aggregate principal amount of Senior Subordinated Notes.

    Note: This press release contains forward-looking information within the meaning of the Private Securities Litigation Reform Act. These statements can be identified by the use of forward-looking terminology such as "believes," "expects," "may," "will," "should," or "anticipates" or the negative thereof or comparable terminology, or by discussions of strategy. Actual results may differ materially from those projected in the forward-looking statements. Risks that could cause actual results to differ materially from those in the forward-looking statements include, but are not limited to the Company's dependence on additional capital for future growth; and the degree to which the Company is leveraged. Additional information concerning these and other risks and uncertainties is contained from time-to-time in the Company's SEC filings. In light of these risks and uncertainties, there can be no assurance that the results referred to in forward-looking statements made in this press release will in fact occur.