IPX Interpool

Net Income Increased by $16.0 Million for Change in Warrant Valuation and $11.5 Million for Gain on Sale of Non-Transportation Equity Investment Interpool, Inc. (NYSE: IPX) announced today that the company has filed its Quarterly Report on Form 10-Q for the quarter ended September 30, 2005 with the Securities and Exchange Commission. In its Form 10-Q, Interpool reported that, for the three months ended September 30, 2005, revenues were $107.5 million compared to $102.6 million for the third quarter of 2004. For the first nine months of 2005, revenues totaled $309.9 million compared to $301.3 million for the same period last year. The company reported net income of $43.2 million for the third quarter of 2005 ($1.39 per diluted share), including a non-cash benefit of $16.0 million related to a decrease in the fair value of its common stock purchase warrants issued in September 2004 and a gain of $11.5 million net of tax from the sale of a non-transportation company in which Interpool had an equity investment, compared with net income of $15.0 million for the third quarter of 2004 ($0.50 per diluted share). Excluding the warrant valuation change and gain from the sale of the equity investment, Interpool's earnings for the third quarter of 2005 would have been $15.7 million. For the nine months ended September 30, 2005, Interpool reported net income of $80.5 million (including a non-cash benefit of $30.2 million related to a decrease in the fair value of the common stock purchase warrants and the $11.5 million net of tax gain from the sale of the equity investment) compared with net income of $46.4 million for the first nine months of 2004 (which included $5.2 million net of tax related to an insurance settlement). Martin Tuchman, Chairman and Chief Executive Officer, said, "Our results for the first nine months of the year continue to demonstrate that Interpool is a company with solid fundamentals: strong revenues, significant cash flow from operations, and, most importantly, continued customer demand for our products and services." The company will hold a conference call on Friday, November 11, 2005 at 11:30 a.m. Eastern Standard Time. Interested investors should call 888-694-4769 ten minutes prior to the time of the conference call. Callers from outside North America please call 973-582-2757 and hold for an operator. Identify yourself and your company and inform the operator that you are participating in the Interpool Third Quarter Results Conference Call. If you are unable to access the Conference Call at 11:30 a.m. EST, please call 877-519-4471 to access the taped digital replay. To access the replay, please call and enter the digital PIN 6711142. This replay will first be available at 2:00 p.m. EST, November 11, 2005 and will be available until 2:00 p.m. EDT, December 11, 2005. Investors will also have the opportunity to listen to the Conference Call live at the company's web site www.interpool.com. To listen to the live call via the Internet, please go to the web site at least fifteen minutes early to register, download, and install any necessary audio software. For those who cannot listen to the live web cast, a replay will be available two hours after the call is completed and will remain available for thirty days. Interpool is one of the world's leading suppliers of equipment and services to the transportation industry. The company is the world's largest lessor of intermodal container chassis and a world-leading lessor of cargo containers used in international trade. This Press Release contains certain forward-looking statements regarding future circumstances. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements, including in particular the risks and uncertainties described in the company's SEC filings. The Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof.