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American Railcar Industries, Inc. Announces Plans To Invest In Railcar Leasing

About American Railcar Industries, Inc.

American Railcar Industries, Inc. is a leading North American manufacturer of hopper and tank railcars. ARI also repairs and refurbishes railcars, provides fleet management services and designs and manufactures certain railcar and industrial components used in the production of its railcars as well as railcars and non-railcar industrial products produced by others. ARI provides its railcar customers with integrated solutions through a comprehensive set of high quality products and related services. ARI is controlled by Mr. Carl C. Icahn, the chairman of ARI’s board of directors, through his affiliate, Icahn Enterprises L.P.

Forward Looking Statement Disclaimer

This press release contains statements relating to our expected financial performance, future business prospects, events, plans, objectives, expectations and intentions that are forward-looking statements. Forward-looking statements represent the Company’s estimates and assumptions only as of the date of this press release. Such statements include, without limitation, statements regarding the Company’s prospects, the anticipated performance of its leasing and other railcar businesses, the anticipated market and market acceptance for railcars built for lease, anticipated benefits of an expanded marketing strategy and entry into a new market, anticipated customer demands and expectations regarding ongoing and new customer relationships, anticipated benefits from the Company’s relationship with Mr. Carl C. Icahn and ARL, any implications that the Company will be able to enter into an agreement with ARL and, if so, the anticipated advantages to the Company from entering into any such agreement, expected sources of financing for the leasing business and anticipated effects on the Company’s financial results as a result of utilizing existing cash to fund the leasing business. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those anticipated. The Company’s entry into a new business and market involves numerous risks and uncertainties, including without limitation, difficulties associated with pricing, delays, unexpected costs, credit risk and integrating the Company’s new business with its existing businesses. Other potential risks and uncertainties relating to ARI’s business are described in ARI’s filings with the Securities and Exchange Commission. ARI expressly disclaims any duty to provide updates to any forward-looking statements made in this press release, whether as a result of new information, future events or otherwise.

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