Ford Debt Restructuring

March 23, 2009

Ford Motor Credit Company's $500 million cash tender offer for Ford Motor Company's senior secured term loan debt was over-subscribed; based on the tenders received, Ford Credit will increase the amount of cash used from $500 million to $1 billion to purchase $2.2 billion principal amount of term loan debt at a price of 47 percent of par.

Through the Early Tender Date of Ford Credit's $1.3 billion cash tender offer for Ford's unsecured, non-convertible debt securities, approximately $3.4 billion principal amount of debt securities have been tendered.

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