---

DaimlerChrysler to Sell 32.4 Percent of debitel to Swisscom

9 July 1999

DaimlerChrysler to Sell 32.4 Percent of debitel to Swisscom

    *  Swisscom pays Euro 32 per debitel share
    *  Sale of shares of Europe's leading independent network telephone
       company creates significant value for DaimlerChrysler shareholders

    STUTTGART, Germany and AUBURN HILLS, Mich., July 9 --
DaimlerChrysler plans to sell 32.4 percent of its holding in the
telecommunications company debitel AG to Swisscom AG, Bern (Switzerland) and
will continue to hold the remaining 10% of debitel for a limited period of
time.  The sale is subject to approval by the DaimlerChrysler Supervisory
Board, which will make a final decision at its meeting on Friday, July 9,
1999, and subject to approval by antitrust authorities.
    Swisscom, Switzerland's leading telephone company, also intends to
purchase a 17.7 percent stake in debitel from Metro Holding AG and a
7.9 percent stake from DIVACO, which is a joint venture between Metro and
Deutsche Bank.  Swisscom pays Euro 32 per debitel share and also intends to
make an offer to retail shareholders of debitel who hold approximately 20% of
debitel.
    This means that DaimlerChrysler and Metro will be selling a combined stake
in debitel of 58 percent to Swisscom, each retaining a 10 percent share in the
telecommunications company.
    The sale of debitel shares unlocks significant value for DaimlerChrysler
shareholders and also represents an important step in the company's
shareholder value program.
    Debitel is the largest network-independent telephone company in Europe.
Its leading position on the European mobile communications market complements
Swisscom's technological strength perfectly.  debitel operates successfully in
France, Belgium, Denmark, the Netherlands and Slovenia, while Swisscom is
active in Austria, Italy, France and Germany.