IPX Interpool

Interpool, Inc. (NYSE: IPX) announced today that it has commenced a tender offer for all of the $230 million principal amount of its outstanding 6.0% Senior Notes due 2014 (the ๏ฟฝNotes๏ฟฝ), CUSIP Number 46062R AP 3. In connection with the tender offer, consents are being solicited from noteholders to make certain proposed amendments to the indenture governing the Notes. Upon the terms and subject to the conditions set forth in the Offer to Purchase and Consent Solicitation Statement dated June 13, 2007 (the ๏ฟฝTender Offer Documents๏ฟฝ), Interpool is offering to purchase all of the outstanding Notes at a price of $1,015.00 per $1,000 principal amount of the Notes (the ๏ฟฝTotal Consideration๏ฟฝ). The Total Consideration includes $20.00 per $1,000 principal amount of Notes (the ๏ฟฝConsent Payment๏ฟฝ) payable only in respect of Notes validly tendered with consents on or prior to the Consent Date (as defined below). The Total Consideration less the Consent Payment is referred to as the ๏ฟฝTender Offer Consideration.๏ฟฝ In addition, holders who validly tender and do not validly withdraw their Notes in the tender offer will receive accrued and unpaid interest from the last interest payment date up to, but not including, the date of payment for the Notes, if the Notes are accepted for purchase pursuant to the tender offer. The tender offer is scheduled to expire at 8:00 a.m., New York City time, on July 19, 2007, unless extended (the ๏ฟฝExpiration Date๏ฟฝ). Holders who tender their Notes after 5:00 p.m., New York City time, on June 26, 2007, unless extended (the ๏ฟฝConsent Date๏ฟฝ), will not be eligible to receive the Consent Payment. Any holder validly tendering Notes after the Consent Date will, if such Notes are accepted for purchase pursuant to the tender offer, receive the Tender Offer Consideration, plus accrued but unpaid interest to, but not including, the date of payment for the Notes so tendered. The proposed amendments to the indenture governing the Notes would, among other things, eliminate substantially all of the restrictive covenants, certain events of default and certain other provisions contained in the indenture. Completion of the tender offer is subject to the satisfaction of certain conditions, including, but not limited to, receipt of valid tenders and consents from a majority in principal amount of outstanding Notes, receipt by Interpool of the funds necessary to make all payments required to complete the tender offer, including interest and other costs and expenses related to the tender offer, and the satisfaction or waiver of all conditions precedent to the consummation of the merger of Interpool and Chariot Acquisition Sub, Inc. (๏ฟฝChariot๏ฟฝ), an indirect wholly owned subsidiary of funds managed by affiliates of Fortress Investment Group LLC (the ๏ฟฝMerger๏ฟฝ), and the expectation that the Merger will be consummated immediately following the Expiration Date. Consummation of the tender offer is not a condition to the Merger, and Chariot expects that its ability to finance the transactions contemplated by the Merger and pay related transaction fees and expenses will not be impaired if the tender offer is not consummated. The exclusive dealer manager and solicitation agent for the tender offer is Bear, Stearns & Co. Inc (๏ฟฝBear Stearns๏ฟฝ). Questions regarding the tender offer may directed to Bear Stearns at (877) 696-BEAR (toll free) or (212)๏ฟฝ272-5112 (collect). The tender agent for the tender offer is D.F. King & Co., Inc. Requests for Tender Offer Documents may be directed to D.F. King & Co., Inc., as information agent for the tender offer, at 48 Wall Street, 22nd Floor, New York, New York 10005. The information agent may be contacted at (212) 269-5550 (for banks and brokers only) and (800) 628-8208 (for all others toll free). This release does not constitute an offer to purchase, a solicitation of an offer to sell or a solicitation of consent with respect to any securities. The offer is being made solely by the Tender Offer Documents. ABOUT INTERPOOL, INC. Interpool is one of the world๏ฟฝs leading suppliers of equipment and services to the transportation industry. It is the world๏ฟฝs largest lessor of intermodal container chassis and a world-leading lessor of cargo containers used in international trade. CAUTIONARY STATEMENTS This press release contains certain forward-looking statements regarding future circumstances. These forward-looking statements are subject to risk 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 Interpool๏ฟฝs 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. Note: This press release and other press releases and information can be viewed at Interpool๏ฟฝs website at www.interpool.com.