Fortress Investment Group Completes Acquisition of Interpool, Inc.

  
    
  
  
    
      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