IPX Interpool

Interpool, Inc. (NYSE: IPX) announced today the completion of the acquisition of Interpool by Chariot Acquisition Holding LLC, a company formed by certain private equity funds managed by affiliates of Fortress Investment Group LLC, pursuant to the previously announced definitive merger agreement entered into on April 20, 2007. As a result of the merger, which was approved by Interpool's stockholders at a special meeting on July 18, 2007, Interpool's stockholders are entitled to receive $27.10 per share in cash. As a result of the merger, Interpool's common stock will cease trading as of the close of business today, July 19, 2007. Interpool also announced the successful completion of its tender offer and consent solicitation for $230 million aggregate principal amount of its outstanding 6.00% Senior Notes due 2014. The tender offer expired at 8:00 a.m., New York City time, on July 19, 2007. All of the Notes were accepted for payment. Interpool expects that payment for the Notes will be made on July 19, 2007. About Interpool Interpool is one of the world's leading suppliers of equipment and services to the transportation industry. It is the world's largest lessor of intermodal container chassis and a world-leading lessor of cargo containers used in international trade. About Fortress Fortress, founded in 1998, is a leading global alternative asset manager with approximately $36 billion in assets under management as of March 31, 2007. Fortress raises, invests and manages private equity funds, hedge funds and publicly traded alternative investment vehicles. Note: This press release and other press releases and information can be viewed at Interpool's website at www.interpool.com