Interpool, Inc. Consummates Exchange Offer for 100% of 6% Senior Notes Due 2014

Interpool, Inc. (NYSE: IPX) announced today the
successful consummation of an exchange offer for all of the Company's
outstanding 6% Senior Notes due 2014.
   Pursuant to the exchange offer, the entire $230,000,000 principal
amount of 6% Senior Notes due 2014 (the "6% Private Senior Notes") was
tendered prior to the expiration of the exchange offer and exchanged
for the same principal amount of Interpool 6% Senior Notes due 2014
(the "6% Exchange Senior Notes"), which have been registered under the
Securities Act. The 6% Private Senior Notes were originally issued and
sold in 2004, in transactions exempt from registration under the
Securities Act.
   The 6% Exchange Senior Notes issued in the exchange offer have
identical terms and conditions as the unregistered 6% Private Senior
Notes, except that the 6% Exchange Senior Notes are not subject to the
restrictions on resale or transfer, which applied to the unregistered
6% Private Senior Notes.
   Interpool is one of the world's leading suppliers of equipment and
services to the transportation industry. The company is the world's
largest lessor of intermodal container chassis and a world-leading
lessor of cargo containers used in international trade.

   This Press Release contains certain forward-looking statements
regarding future circumstances. These forward-looking statements are
subject to risks 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 the company's 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.