New Holland Prices Asset Backed Securities Transaction

Amsterdam, Netherlands (PROTEXT) - New Holland N.V. (NYSE: NH)announced today that it priced on November 4th, 1999 its firstAsset Backed Securities transaction. The $1,035,664,000 of AssetBacked Notes were sold by New Holland Equipment ReceivablesBusiness Trust 1999-A. The Notes are secured by a pool ofagricultural and construction equipment fixed rate retailinstallment contracts originated by New Holland Credit CompanyLLC, the financial services subsidiary of New Holland N.V. basedin the United States. The Asset Backed Notes consist of $250,000,000 of 6.145% ClassA-1 Asset Backed Notes, $320,000,000 of 6.39% Class A-2 AssetBacked Notes, $280,000,000 of 6.65% Class A-3 Asset Backed Notes,$140,750,000 of 6.80% Class A-4 Asset Backed Notes and$44,914,000 of 6.94% Class B Asset Backed Notes. The Notes will have differing maturities. Principal and interest payments to the Class B Notes will besubordinated to principal and interest payments to the Class ANotes. The settlement of the Asset Backed Notes is expected to occuron November 16th, 1999. The Asset Backed Notes have not been and will not beregistered with the SEC or any state securities commission andmay not be offered or sold in the United States absentregistration or an applicable exception therefrom. New Holland is a world leader in the design and manufacture ofa full line of agricultural and construction equipment, andoffers a rapidly expanding line of financial services in many ofits markets. With revenues of $5.7 billion in 1998, the Companyand its joint venture partners operate in 160 countries through anetwork of approximately 6,100 dealers and distributors. otsOriginal Text Service: New Holland Internet:http://www.newsaktuell.de Contact: Media Relations, JeffreyWalsh of New Holland +44-181-479-8809, or fax, +44-181-479-8626,or jwalsh@newholland.com Web site: http://www.newholland.com

Subscribers please note that material bearing the slug"PROTEXT" is not part of CTK's news service and is not to bepublished under the "CTK" slug. Protext is a commercial serviceproviding distribution of press releases from clients, who areidentified in the text of Protext reports and who bear fullresponsibility for their contents.

PROTEXT