Daimler Signs Contract for Euro 7 Billion Credit Line

STUTTGART - November 2, 2010: Daimler AG (stock-exchange symbol DAI) signed an agreement with a consortium of international banks on a euro 7 billion syndicated credit line with a term of five years on Oct. 29, 2010. The credit line offers very good conditions and was significantly oversubscribed. "The high demand for this credit line and its attractive conditions show that Daimler enjoys a very good reputation in the banking world and has excellent relations with a large number of banks," stated Bodo Uebber, Member of Daimler's Board of Management for Finance and Controlling, after signing the agreement. "With this credit line, we have secured today's favorable conditions for the next five years and have gained a solid liquidity buffer for the long term," continued Uebber.

The consortium is comprised of more than 30 European, American and Asian banks. The banks' positive response led to substantial oversubscription and thus allowed a significant reduction of the original credit commitments.

Daimler does not intend to utilize this credit line; it will serve solely as a liquidity reserve. Now that the agreement on the new credit line has been signed, Daimler will terminate its two existing syndicated credit lines of US $5 billion and euro 3 billion before the ends of their terms.