Düsseldorf/New York, May 14, 2007—Shearman & Sterling advised DaimlerChrysler AG as Lead Counsel on the sale of 80.1% of the shares in the future Chrysler Holding LLC to an affiliate of the Private Equity House Cerberus Capital Management, L.P., New York.

The following Shearman & Sterling attorneys advised DaimlerChrysler AG on the transaction: Georg F. Thoma (partner, Corporate/M&A, Düsseldorf). John Madden and Jeffrey Lawrence (both partners, Corporate/M&A, New York), Kenneth Laverriere (partner, Executive Compensation, New York), Peter Blessing (partner, Tax, New York), Markus Rieder (partner, Corporate/M&A, Munich) and Fredric Sosnick (partner, Corporate, New York).