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Ford Brasil Proposal to Add Early Call and Put Provisions Approved

9 December 1999

Ford Brasil Proposal to Add Early Call and Put Provisions Approved

    SAO PAULO, Brazil, Dec. 8 -- Ford Brasil Ltd. has gained
approval of the holders of each of its US $300 million 9.125 percent notes due
2004 million and its $200 million 9.25 percent notes due 2007 to add an early
call to the terms of the notes.
    Ford Brasil has notified holders that it will require the mandatory sale
of the notes to affiliates of Ford Brasil at a price of 102.50 percent of the
principal amount plus accrued and unpaid interest, in the case of the 9.125
percent notes, and 103.50 percent of the principal amount plus accrued and
unpaid interest, in the case of the 9.25 percent notes.
    The mandatory sale will occur on Monday, December 13.  The purchase monies
for the notes will be credited to holders' accounts with Euroclear or
Cedelbank and the notes will be debited from noteholders' accounts and
credited to the accounts of the affiliates of Ford Brasil.