---

DaimlerChrysler to Launch Bond of at Least EURO 1 Billion

2 July 1999

DaimlerChrysler to Launch Bond of at Least EURO 1 Billion

    AUBURN HILLS, Mich. and STUTTGART, Germany, July 1 --
DaimlerChrysler is preparing to launch its first institutionally-
targeted debt financing in the near future, subject to market conditions.  The
proceeds of this bond issue, which will be placed in the Euro market, will be
used to refinance the North American Financial Services business of
DaimlerChrysler.
    ABN AMRO and Deutsche Bank are the co-lead banks managing this benchmark
transaction with a minimum volume of EURO 1 billion and a medium to long-term
maturity.
    To date, DaimlerChrysler's debt financings have been primarily targeted at
the retail investor base.  This upcoming issue represents a new funding route,
presenting institutional investors with a liquid bond.
    The issuing entity will be DaimlerChrysler North America Holding
Corporation, New York, with an irrevocable and unconditional guarantee by
DaimlerChrysler AG, Stuttgart, Germany.  Documentation will be under the
issuer's US $10 billion European Medium Term Note (EMTN) program and an
application for listing will be sent to the Frankfurt and Luxembourg Stock
Exchanges.