Tracinda v. DaimlerChrysler et al.: Federal District Court in Wilmington, Delaware Decides in Favor of DaimlerChrysler on all Claims

NEW YORK and STUTTGART, Germany, April 7 -- DaimlerChrysler AG today said that the U.S. District Court for the District of Delaware has decisively ruled in favor of DaimlerChrysler in the securities litigation Tracinda v. DaimlerChrysler et al.

In his opinion, Judge Farnan stated that, "in sum, the Court will enter final judgment in favor of Defendants and against Tracinda on all claims." Professor Jurgen E. Schrempp, Chairman of the Board of Management, said: "We are pleased that the Court's decision confirms, once and for all, that the Tracinda case lacked any merit and that all claims against DaimlerChrysler relating to the 1998 merger were completely baseless."

"We will continue to concentrate our efforts on making this merger a great success by implementing our strategy and optimizing our operations in the U.S., in Germany and around the globe. We at DaimlerChrysler remain committed to creating value for all of our shareholders." Professor Schrempp continued.

Further information from DaimlerChrysler is available on the internet at: http://www.media.daimlerchrysler.com/

DaimlerChrysler Corporate Communications, Stuttgart (Germany), Auburn Hills (USA), New York (USA)