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Chrysler Announces Special Meeting of Shareholders

2 July 1998

Chrysler Announces Special Meeting of Shareholders to Vote On Merger With Daimler-Benz

    AUBURN HILLS, Mich., July 2 -- Chrysler Corporation
today announced that a Special Meeting of Shareholders will be held on
September 18, 1998 in Wilmington, Delaware.  The purpose of the Special
Meeting is to consider and vote on Chrysler's proposed business combination
with Daimler-Benz AG .
    The meeting will start at 9 a.m., Local Time, and be held in the Hotel
du Pont, 11th and Market Streets, Wilmington, Delaware.  Shareholders of
record at the close of business on July 20, 1998 will be entitled to vote
at the Special Meeting.  Further details will be set forth in a proxy
statement that will be sent to all shareholders.
    Daimler-Benz AG shareholders are scheduled to vote on the merger proposal
on the same day at a meeting in Stuttgart, Germany.