Cummins Recommends Rejection of Below Market Mini-Tender Offer from TRC Capital Corp.



    COLUMBUS, IND., December 17 /CNW/ - Cummins Inc. (NYSE:  CMI) has been
notified of an unsolicited mini-tender offer by TRC Capital Corp. of Toronto
for TRC to purchase up to 1,000,000 (one million) shares of Cummins' stock at
a price of $115.00 per share in cash.

    This represents a 2.7 percent discount below Cummins' closing price on
December 11, the day prior to the date of the offer, and a 6 percent discount
below Cummins' closing price on Friday, December 14. Cummins is in no way
associated with TRC, this mini-tender offer or the offer documentation.

    Cummins does not endorse TRC's unsolicited mini-tender offer and
recommends that stockholders not tender their shares in response to this
offer.

    CMI urges investors to obtain current market quotes on Cummins' stock,
consult with their financial advisors and exercise caution in examining the
mini-tender offer, which represents less than 1 percent of the Cummins' shares
outstanding.

    Shareholders should be aware that this mini-tender offer is highly
conditional. The conditions allow TRC to change the terms of its offer - such
as the price offered per share - in the event of various occurrences,
including a stock split. As a reminder, CMI announced a two-for-one stock
split, effective January 2, 2008, for shareholders of record on December 21,
2007.

    The Securities and Exchange Commission (SEC) has issued an investor alert
regarding mini-tender offers, noting that some bidders make such offers at
below market prices hoping they will catch investors off guard if the
investors do not compare the offer price to the current market price. The SEC
advises that mini-tender offers - those offers made for less than 5 percent of
a company's stock - typically do not provide the same disclosure and
procedural protections that larger, traditional tender offers provide. The
SEC's mini-tender offer tips may be found at
http://www.sec.gov/investor/pubs/minitend.htm.

    Cummins' shareholders who have already tendered are advised that they may
withdraw their shares by providing the written notice described in the TRC
Capital offering documents prior to the expiration of the offer currently
scheduled for 12:01 a.m. (EST) on Friday, Jan. 11, 2008.

    About Cummins

    Cummins Inc., a global power leader, is a corporation of complementary
business units that design, manufacture, distribute and service engines and
related technologies, including fuel systems, controls, air handling,
filtration, emission solutions and electrical power generation systems.
Headquartered in Columbus, Indiana, (USA) Cummins serves customers in more
than 160 countries through its network of 550 Company-owned and independent
distributor facilities and more than 5,000 dealer locations. Cummins reported
net income of $715 million on sales of $11.4 billion in 2006. Press releases
can be found on the Web at www.cummins.com.

    Information provided in this release that is not purely historical are
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act of 1995, including statements regarding the company's
expectations, hopes, beliefs and intentions on strategies regarding the
future. It is important to note that the company's actual future results could
differ materially from those projected in such forward-looking statements
because of a number of factors, including, but not limited to, general
economic, business and financing conditions, labor relations, governmental
action, competitor pricing activity, expense volatility and other risks
detailed from time to time in Cummins Securities and Exchange Commission
filings.




For further information:

For further information: Cummins Inc. Mark Land, Director of Public
Relations, 317-610-2456 mark.d.land@cummins.com

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