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Lake Forest, Illinois (May 8, 2003) At today's Annual General Meeting, the shareholders of CNH Global N.V. (NYSE:CNH) approved the dividend recommended by the company's Board of Directors. The 2002 annual dividend of $.25 per share of common stock will be payable on Monday, June 2, 2003 to shareholders of record at the close of business on Monday, May 19, 2003.


CNH is the number one manufacturer of agricultural tractors and combines in the world, the leader in light construction equipment, and has one of the industry's largest equipment finance operations. Revenues in 2002 totaled $10 billion. Based in the United States, CNH's network of 12,400 dealers and distributors operates in over 160 countries. CNH agricultural products are sold under the Case IH, New Holland and Steyr brands. CNH construction equipment is sold under the Case, FiatAllis, Fiat Kobelco, Kobelco, New Holland, and O&K brands.