CNH Provides Additional Outlook

CNH Provides Additional Outlook

February 21, 2006

    LAKE FOREST, Ill., Feb. 21 /Xinhua-PRNewswire/ -- CNH
Global N.V. (NYSE: CNH) today reaffirmed the outlook for
2006 provided in its press release dated January 25, 2006,
and stated that it is comfortable with the average of the
analysts' estimates on First Call of approximately $1.20
for its 2006 full-year diluted earnings per share before
restructuring.

    CNH Case New Holland is a world leader in the
agricultural and construction equipment businesses.
Supported by 11,400 dealers in 160 countries, CNH brings
together the knowledge and heritage of its Case and New
Holland brand families with the strength and resources of
its worldwide commercial, industrial, product support and
finance organizations.  More information about CNH and its
Case and New Holland products can be found online at
http://www.cnh.com .

    Forward-looking statements. This press release includes
"forward-looking statements" within the meaning of
the Private Securities Litigation Reform Act of 1995.  All
statements other than statements of historical fact
contained in this press release, including statements
regarding our competitive strengths, business strategy,
future financial position, budgets, projected costs and
plans and objectives of management, are forward-looking
statements.  These statements may include terminology such
as "may," "will," "expect,",
"could", "should," "intend,"
"estimate," "anticipate,"
"believe," "outlook,"
"continue," "remain," "on
track," "comfortable with,"
"design," "target,"
"objective," "goal," or similar
terminology.

    Our outlook is predominantly based on our
interpretation of what we consider key economic assumptions
and involves risks and uncertainties that could cause actual
results to differ.  Crop production and commodity prices are
strongly affected by weather and can fluctuate
significantly.  Housing starts and other construction
activity are sensitive to interest rates and government
spending.  Some of the other significant factors for us
include general economic and capital market conditions, the
cyclical nature of our business, customer buying patterns
and preferences, foreign currency exchange rate movements,
our hedging practices, our and our customers' access to
credit, actions by rating agencies concerning the ratings
on our debt and asset backed securities and the ratings of
Fiat S.p.A., risks related to our relationship with Fiat
S.p.A., political uncertainty and civil unrest or war in
various areas of the world, pricing, product initiatives
and other actions taken by competitors, disruptions in
production capacity, excess inventory levels, the effect of
changes in laws and regulations (including government
subsidies and international trade regulations),
technological difficulties, results of our research and
development activities, changes in environmental laws,
employee and labor relations, pension and health care
costs, relations with and the strength of our dealers, the
cost and availability of supplies from our suppliers, raw
material costs and availability, energy prices, real estate
values, animal diseases, crop pests, harvest yields,
government farm programs and consumer confidence, housing
starts and construction activity, concerns related to
modified organisms and fertilizer costs.  Additionally, our
achievement of the anticipated benefits of our profit
improvement initiatives depends upon, among other things,
industry volumes as well as our ability to effectively
rationalize our operations and to execute our dual brand
strategy.  Further information concerning factors that
could significantly affect expected results is included in
our Form 20-F for the year ended December 31, 2004.

    We can give no assurance that the expectations
reflected in our forward-looking statements will prove to
be correct. Our actual results could differ materially from
those anticipated in these forward-looking statements.  All
written and oral forward-looking statements attributable to
us are expressly qualified in their entirety by the factors
we disclose that could cause our actual results to differ
materially from our expectations.  We undertake no
obligation to update or revise publicly any forward-looking
statements.

    For more information, please contact:

     Thomas Witom
     News and Information
     Tel: [phone]

     Albert Trefts, Jr. 
     Investor Relations
     Tel: [phone]

SOURCE  CNH Global N.V.