Tender Offer for Carey International, Inc. Common Stock Completed

20 September 2000
Tender Offer for Carey International, Inc. Common Stock Completed
    WASHINGTON, D.C., Sept. 20 Carey International, Inc.
and Aluwill Acquisition Corp., an entity that is affiliated
with Chartwell Investments II and Ford Motor Company, today announced the
successful completion of the cash tender offer for all outstanding shares of
common stock of Carey International, Inc.  The tender offer, which commenced
on August 3, 2000, expired at 4:30 p.m. New York City time on Tuesday,
September 19, 2000.
    The offerors have been advised by United States Trust Company of New York,
the Depositary for the tender offer, that a total of 9,765,599 shares of Carey
International common stock had been validly tendered and not withdrawn
(including guaranteed deliveries) prior to the expiration of the offer.  The
number of shares tendered and not withdrawn represents approximately 99% of
the outstanding shares of Carey International.  Payment for these shares will
be made promptly.
    The offerors will complete the acquisition of Carey International on or
about September 20, 2000 through a short-form merger in which shares of common
stock not tendered will be converted into the right to receive $18.25 per
share in cash.  A letter of transmittal to be used for surrendering
certificates in exchange for the cash payment will be sent to holders who did
not tender their shares in the offer.
    Vincent A. Wolfington, Chairman and CEO of Carey International stated, "We
believe that this transaction is very positive for Carey International and its
stockholders.  A cornerstone of Carey International's strategy is relationship
marketing, and thus, we welcome the opportunity to solidify our longstanding
strategic relationship with Ford Motor Company.  We also are eager to partner
with Chartwell and look forward to benefiting from their experience in
developing growth companies."
    Todd Berman, President of Chartwell, commented, "We are excited about our
new business relationship with Carey International's management team and
Ford's participation as a minority shareholder.  Carey International is a
unique franchise - the undisputed leader in chauffeured vehicle services
worldwide.  The growth of the travel industry, coupled with the company's
outstanding reputation for superior service, should enable Carey International
to sustain its record of double-digit earnings growth.  Chartwell is very
enthusiastic about this opportunity."