The Board of Directors of Fiat Chrysler Automobiles N.V. FCAU ("FCA")
today announced that in connection with its discussions regarding capital
planning to support the Group's 2014-2018 Business Plan, the Board confirmed
FCA's intention to eliminate any contractual terms limiting the free flow of
capital among members of the Group. As a result, FCA expects to redeem each
series of Chrysler Group's outstanding secured senior notes no later than at
its initial optional redemption date of June 2015 for Chrysler Group's 8%
Senior Secured Notes due 2019 and June 2016 for Chrysler Group's 8-1/4%
Secured Senior Notes due 2021. FCA also expects to refinance the Chrysler
Group term loans and revolving credit facility at or before this time.
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