--For Auburn Hills 12.375% Trust Guaranteed Exchangeable Certificates due 2020 and Debentures issuable upon exchange of such Auburn Hills 12.375% Trust Guaranteed Certificates due 2020 NEW YORK, June 15 /PRNewswire-FirstCall/ -- DaimlerChrysler Company LLC, a Delaware limited liability company (the "Company"), announced today that it has commenced a cash tender offer to purchase any and all of the outstanding Auburn Hills 12.375% Trust Guaranteed Exchangeable Certificates due 2020 (the "Certificates") and any and all of the debentures due 2020 (the "Debentures") to be issued by the Company on June 21, 2007, the date on which all Certificates outstanding will be exchanged for an equal principal amount of Debentures issued by the Company (the "Exchange Date"). There is currently a $225,000,000 principal amount of the Certificates outstanding. The tender offer will expire at 5:00 p.m., New York City Time, on July 13, 2007, unless extended (the "Expiration Date"). (Logo: http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO) The tender offer and consent solicitation are being made in connection with the Contribution Agreement entered into on May 14, 2007 between DaimlerChrysler AG, DaimlerChrysler North America Finance Corporation, DaimlerChrysler Holding Corporation and an affiliate of Cerberus Capital Management, L.P. In conjunction with the tender offer, the Company is soliciting consents from the holders of the Debentures to eliminate substantially all restrictive covenants and certain other related provisions in the indenture governing the Debentures (the "Proposed Amendments"). The Proposed Amendments can be adopted with the consent of not less than 66 2/3% in the aggregate principal amount of the outstanding Debentures. The tender offer and consent solicitation are being made pursuant to an offer to purchase and consent solicitation statement dated June 15, 2007 (the "Offer to Purchase") and related consent and letter of transmittal (the "Consent and Letter of Transmittal"). As described in more detail in the Offer to Purchase, the total purchase price for each $1,000 principal amount of Certificates (or, alternatively, for each $1,000 principal amount of Debentures issued in connection with the exchange of such holder's Certificate) validly tendered and accepted for purchase by the Company will be calculated on July 11, 2007 based upon a fixed spread of 20 basis points over the 4.50% Treasury due May 15, 2017, the "Reference Security". The foregoing purchase price for the Certificates and Debentures includes a consent payment equal to $35 per $1,000 principal amount of Certificates (or, alternatively, for each $1,000 principal amount of Debentures issued in connection with the exchange of such holder's Certificate) tendered. Holders must validly tender their Certificates and Debentures on or before 5:00 p.m., New York City Time, on June 28, 2007, unless extended (the "Consent Payment Deadline") to be eligible to receive the applicable total purchase price, which includes the applicable consent payment. Holders who validly tender their Certificates and Debentures after the Consent Payment Deadline but before the Expiration Date will only be eligible to receive an amount equal to the total purchase price minus the consent payment. Additionally, holders whose Certificates and Debentures are purchased pursuant to the tender offers will receive any accrued but unpaid interest up to, but not including, the payment date for Certificates and Debentures purchased pursuant to the tender offer. A Holder of a Certificate that tenders Certificates in the tender offers shall automatically be deemed to have tendered the Debenture into which such Certificates will be exchanged on the Exchange Date. Holders may not deliver a consent in the consent solicitation without tendering the related Certificates or Debentures in the tender offer and may not revoke such consents without withdrawing the previously tendered Certificates or Debentures. Certificates and Debentures may not be withdrawn, nor may Consents be revoked, after the Consent Payment Deadline. Holders who validly tender their Certificates and Debentures in the tender offer shall be deemed to have delivered their consents to the Proposed Amendments by such tender with respect to the entire principal amount of Certificates and Debentures tendered in the tender offer by such holder. Consummation of the tender offer and consent solicitation, and payment of the tender offer consideration and consent payment, are subject to the satisfaction or waiver of various conditions, as described in the Offer to Purchase, including the delivery of the requisite consents to the Proposed Amendments. The Company has reserved the right to amend, extend, terminate, or waive any conditions to the tender offer and consent solicitation at any time. J.P. Morgan Securities Inc. is the sole Dealer Manager and Solicitation Agent for the tender offer and consent solicitation and may be contacted at (866) 834-4666 (toll free) or (212) 834-4077 (collect). Global Bondholder Services Corporation is the Information Agent and the Depositary for the tender offer and the consent solicitation and can be contacted at (866) 488- 1500 (toll free) or (212) 430-3774 (collect). DaimlerChrysler is unique in the automotive industry: its product portfolio ranges from small cars to sports cars and luxury sedans; and from versatile vans to heavy duty trucks or comfortable coaches. DaimlerChrysler's passenger car brands include Mercedes-Benz, Maybach, Chrysler, Jeep(R), Dodge and smart. Commercial vehicle brands include Mercedes-Benz, Freightliner, Sterling, Western Star, Setra, Mitsubishi Fuso, Thomas Built Buses and Orion. The company offers financial and other automotive services through DaimlerChrysler Financial Services. This announcement is not an offer to purchase or the solicitation of an offer to sell the Certificates or Debentures. The tender offer for the Certificates and Debentures and consent solicitation are only being made pursuant to the Offer to Purchase and the Consent and Letter of Transmittal. Further information about DaimlerChrysler is available on the Internet at: http://media.daimlerchrysler.com/ http://www.newscom.com/cgi-bin/prnh/20020212/DCXLOGO http://photoarchive.ap.org/ DATASOURCE: DaimlerChrysler AG CONTACT: Han Tjan of DaimlerChrysler AG, +1-212-909-9063 Web site: http://www.daimlerchrysler.com/

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