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DaimlerChrysler Combines Its Worldwide Credit Facilities

23 June 1999

DaimlerChrysler Combines Its Worldwide Credit Facilities

     First Syndicated Credit Facility Following the Merger of The Company
                            Total Sum $17 Billion

    AUBURN HILLS, Mich. and STUTTGART, Germany, June 22 --
DaimlerChrysler is combining its worldwide Revolving Credit
Facilities completing another step in the merger integration process -- this
time in the area of Corporate Finance.  The combination of the existing
separate credit facilities is the first syndicated credit transaction of
DaimlerChrysler.  These facilities will be arranged by a consortium of
international banks.  The $17 billion in Revolving Credit Facilities is
designed to be used for general corporate purposes as well as backup for the
company's existing worldwide commercial paper programs.
    The Chase Manhattan Bank Corporation, New York, Deutsche Bank AG,
Frankfurt, and Deutsche Bank Securities, Inc., New York, have been appointed
Lead Arrangers for the $17 billion Revolving Credit Facilities.  These
worldwide facilities are divided into two branches:  a European facility with
a $5 billion Multi-Currency Revolving Credit for DaimlerChrysler AG and its
subsidiaries, and a U.S. facility with a $12 billion Revolving Credit for the
DaimlerChrysler North America Holding Corporation.  The syndication with
additional participating banks will begin at the end of June.
    Through its integration, DaimlerChrysler has assured a uniform funding
approach to the capital markets.  The $17 billion combined credit facilities
will replace the existing credit facilities of DaimlerChrysler on both sides
of the Atlantic.  DaimlerChrysler is the third largest automobile company in
the world with additional activities ranging from aerospace to the service
industry.  DaimlerChrysler is the result of the merger between Chrysler and
Daimler-Benz on November 17, 1998.  In 1998, DaimlerChrysler, with 441,500
employees, achieved revenues in the amount of Euro 131.8 billion and an
Operating Profit of Euro 8.6 billion.