New Holland Chairman Lloyd Bentsen Resigns

AMSTERDAM, The Netherlands (PROTEXT)

New Holland N.V. (NYSE: NH) today announced that Board Chairman Lloyd Bentsen (78), has resigned due to health reasons. New Holland's President and Chief Executive Officer, Umberto Quadrino, will serve as acting Chairman until the Company's Annual Shareholders Meeting, which will be held at New Holland's registered offices in Amsterdam, at 10:00 a.m. Dutch time on May 25, 1999. New Holland is a world leader in the design and manufacture of a full line of agricultural and construction equipment, and offers a rapidly expanding line of financial services in many of its markets. The Company and its joint venture partners operate through a global network of more than 6000 dealers and distributors in 159 countries. ots Original Text Service: New Holland N.V. Internet: http://www.newsaktuell.de Contact: Jeffrey Walsh of New Holland N.V., 44-181-479-8809, or fax 44- 181-479-8626, or JWALSH@NEWHOLLAND.COM

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