DaimlerChrysler Services Partners with Bank of America to Manage Credit Card Portfolio

FARMINGTON HILLS, Mich., June 29 -- DaimlerChrysler Services North America today announced Bank of America's purchase of DaimlerChrysler Services North America's Chrysler, Jeep(R), Dodge and Mercedes-Benz consumer credit card portfolios with approximately 160,000 accounts.

"DaimlerChrysler Services, with the guidance of First Annapolis Capital, has selected Bank of America in our continued efforts to provide our cardholders with enriched benefits from our Rewards credit card program," said Kathryn Blake, Director -- Credit Card Operations for DaimlerChrysler Services North America. "This decision allows us to enhance the cardholder's experience."

Bank of America will be the new issuer of the Chrysler, Jeep, Dodge and Mercedes-Benz Visa(R) consumer credit cards. For current cardholders, the transition will be seamless with no interruption in service or rewards earning power. The change will also be automatic for Chrysler, Jeep and Dodge dealers as they offer credit card applications at the dealership point-of-sale.

"Bank of America is pleased to join forces with DaimlerChrysler Services North America, and we look forward to building upon their established portfolio," said James Sebo, Senior Vice President -- Partnership Marketing, Bank of America. "We realize there are many payment choices in the marketplace today. Our customers have told us they want products with added value, and our partnership with the powerful brands of DaimlerChrysler demonstrates our commitment."

About Bank of America

Bank of America is one of the world's largest financial institutions, serving individual consumers, small businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States, serving 33 million consumer relationships with 5,700 retail banking offices, more than 16,000 ATMs and award-winning online banking with more than ten million active users. Bank of America is the #1 Small Business Administration lender in the United States. The company serves clients in 150 countries and has relationships with 96 percent of the U.S. Fortune 500 companies and 82 percent of the Global Fortune 500. Bank of America Corporation stock (ticker: BAC) is listed on the New York Stock Exchange. The company's Web site is http://www.bankofamerica.com/ .

About DaimlerChrysler Services North America LLC

DaimlerChrysler Services North America LLC provides brand-specific financing for automotive dealers' inventories and their retail consumers and does business as Chrysler Financial and Mercedes-Benz Credit. As DaimlerChrysler Services Truck Finance it also finances commercial vehicles for affiliate products such as Freightliner, Sterling and Western Star. The company serves as the headquarters for the operations in the United States, Canada and Mexico and has over 5,500 employees who manage a portfolio of $85 billion with nearly five million contracts. DaimlerChrysler Services North America is a member of the DaimlerChrysler Services Group, headquartered in Berlin, Germany, which operates in 39 countries with an employee base exceeding 10,800 and a global portfolio of $123 billion. DaimlerChrysler Services is one of the leading financial services companies worldwide.

NOTE TO EDITORS: Additional information and news from DaimlerChrysler is available on the Internet at: www.media.daimlerchrysler.com .