Press Release

FIAT INDUSTRIAL ANNOUNCES THAT ALL SHARES OF THE SHAREHOLDERS EXERCISING THE WITHDRAWAL RIGHTS HAVE BEEN SUBSCRIBED FOR

Fiat Industrial announces that all shares of the shareholders exercising the withdrawal rights have been subscribed for. As a consequence, the Company will have no cash outlay in this respect.

As the 2,741,655 shares offered have been oversubscribed, such shares will be allocated pro rata to the number of shares held by requesting shareholders. Payment to shareholders exercising the withdrawal right and delivery of shares to requesting shareholders will be completed immediately after closing of the strategic combination between the Company and CNH Global, expected to occur by September 30. At the appropriate time, a notice providing details in this regard will be communicated to the market. Furthermore, on or before the settlement date, the relevant financial intermediaries will inform requesting shareholders of the number of shares they have been allocated.

Turin, September 23, 2013

This document does not constitute an offer to exchange, sell or buy securities.
An offer of securities in the United States pursuant to a business combination transaction was made through a prospectus that is part of a registration statement declared effective by
the US Securities and Exchange Commission on June 21, 2013. Shareholders of CNH
Global N.V. ("CNH") and Fiat Industrial S.p.A. ("FI") who are US persons or are located in the
United States are advised to read the registration statement which contains important information relating to the proposed transaction. You may inspect and copy the registration statement relating to the proposed transaction and documents incorporated by reference at the SEC's Public Reference Room at 100 F Street, N.E., Room 1580, Washington, D.C.

20549. The SEC filings for CNH and FI CBM Holdings N.V. are also available to the public on the SEC's website (http://www.sec.gov). In addition, FI CBM Holdings N.V. has made the prospectus available for free to shareholders of CNH and FI in the United States.

Fiat Industrial S.p.A.

Via Nizza 250, 10126 Torino

Tel. +39 011 006 2464, Fax +39 011 006 2094 mediarelations@fiatindustrial.com www.fiatindustrial.com

Press Release

FORWARD-LOOKING STATEMENTS

This communication contains forward-looking statements relating to CNH, Fiat Industrial and the proposed business combination between them. All statements included in this communication concerning activities, events or developments that we expect, believe or anticipate will or may occur in the future are forward-looking statements. Forward-looking statements are based on current expectations and projections about future events and involve known and unknown risks, uncertainties and other factors, including, but not limited to, the following: uncertainties as to whether the proposed business combination will be consummated, uncertainties as to the timing of the proposed business combination, uncertainties as to how many shareholders will participate in the proposed business combination, the risk that the announcement of the proposed business combination may make it more difficult for CNH or Fiat Industrial to establish or maintain relationships with its employees, suppliers and other business partners, the risk that the businesses of CNH or Fiat Industrial will be adversely impacted during the pendency of the proposed business combination; the risk that the operations of CNH and Fiat Industrial will not be integrated successfully, and other economic, business and competitive factors affecting the businesses of CNH and Fiat Industrial generally, including those set forth in CNH's annual report on Form 20-F for the year ended December 31, 2012, filed by CNH with the SEC on March 1,
2013 and in the annual report of Fiat Industrial for the year ended December 31, 2012. These forward-looking statements speak only as of the date of this communication and we
undertake no obligation to update or revise any forward-looking statement, whether as a
result of new information, future events and developments or otherwise, except as required by law.

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