Neff Corp. Announces Intention to Deregister Its Common Stock With Securities and Exchange Commission

    MIAMI--June 30, 2003--Neff Corp. (OTC:NFFCA) (the "Company") announced today that it plans to become a private company by filing during the week of July 7, 2003, a Form 15 with the Securities and Exchange Commission ("SEC") to deregister its common stock and suspend its reporting obligations under the Securities and Exchange Act of 1934. The Company expects the deregistration will become effective within 90 days of the filing with the SEC.
    Upon filing of the Form 15, the Company's obligation to file with the SEC certain reports and forms, including Forms 10-K, 10-Q and 8-K, will immediately cease. In addition, the common stock of Neff Corp. will no longer be eligible for quotation on the OTC Bulletin Board.
    Juan Carlos Mas, President and Chief Executive Officer, stated: "After careful consideration, our Board of Directors decided to take this action because we believe that the advantages of continuing as a public company are far outweighed by the disadvantages. Based upon the expected time and savings, the Company believes that it will be better positioned as a private company to enhance long-term shareholder value. In addition to the significant time and cost savings resulting from deregistration, this action will allow management of the Company to focus its attention and resources on implementing the Company's business plan and improving its operating results."
    Neff Corp. is one of the largest equipment rental companies in the United States, with 72 locations in 16 states at May 31, 2003.

    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.