YORK, Pennsylvania - The first of 16 Amphibious Combat Vehicles (ACV) 1.1 prototypes has been rolled
out by BAE Systems to the US Marine Corps in a ceremony today at the company’s York, Pennsylvania
facility. The ACV 1.1 offering is a fully amphibious, ship launch-able and recoverable 8x8 wheeled combat
platform.

The ACV 1.1 leverages an existing platform provided by Iveco Defence Vehicles that is highly effective at
sea and provides superior land mobility and state-of-the-art systems survivability.

“Iveco Defence Vehicles has a long-standing legacy of building multi-purpose, protected and armoured
platforms, including solutions for amphibious operations” said Vincenzo Giannelli, President and CEO of
Iveco Defence Vehicles.

“That expertise coupled with the hard work of our dedicated ACV team with BAE
Systems has allowed us to deliver the first of these vehicles ahead of schedule.”

The BAE Systems solution balances the Marine Corps’ demands for an affordable, production-ready
platform with added designs for increased force protection, water and land mobility, transportability and
survivability.

The Amphibious Combat Vehicle ACV 1.1 is equipped with a FPT Industrial Cursor 16 engine - 700
horsepower, providing a significant power increase over the Assault Amphibious Vehicle (AAV) currently
operated by the Marine Corps. The vehicle excels in all-terrain mobility, has a suspended interior seat
structure for 13 embarked Marines, blast mitigating positions for a crew of three, and improved survivability
and force protection over currently fielded systems.

The U.S. Marine Corps awarded BAE Systems a contract for the Engineering, Manufacture, and
Development (EMD) phase of the ACV 1.1 program in November 2015, one of two EMD contracts issued.
During this phase, BAE Systems, supported by Iveco Defence Vehicles experts, will produce 16
prototypes that will be tested by the Marine Corps.

BAE Systems has more than 70 years of experience designing and building amphibious vehicles and is a
leading provider of combat vehicles, having produced more than 100,000 systems for customers
worldwide.

Iveco Defence Vehicles brings additional proven experience, having designed and built more than 30,000
multi-purpose, protected, and armoured military vehicles in service today.

Iveco Defence Vehicles is a brand of CNH Industrial N.V., a World leader in Capital Goods listed on the New York
Stock Exchange (NYSE: CNHI) and on the Mercato Telematico Azionario of the Borsa Italiana (MI: CNHI). Iveco
Defence Vehicles is dedicated to delivering innovative automotive and protection solutions to meet the needs of military
customers worldwide. The company manufactures specialist logistic, protected and armoured vehicles in its facility in
Bolzano in Northern Italy, as well as marketing Iveco’s full commercial range, adapted as necessary to meet the
demands of the military user. In consequence, Iveco Defence Vehicles has a full range of vehicles to meet a broad
spectrum of defence applications.