Omaha, NE ¾  Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) announced today that it has terminated its offer to purchase for cash up to $500,000,000 aggregate principal amount of the 7.5% Senior Secured Notes Maturing 2009 with Contingent Interest Due 2016 of The FINOVA Group Inc. ("Notes"). Berkshire terminated its offer for the Notes pursuant to the conditions of the offer which, among other things, provided that Berkshire shall not be required to accept for payment or pay for any tendered Notes and may terminate the offer if on or prior to the expiration date (September 26, 2001) there shall have occurred (i) any general suspension of trading in securities on any national securities exchange or in the over-the-counter market or (ii) a commencement of a war or armed hostilities or other national or international calamity directly or indirectly involving the United States. Any Notes that have been tendered will be redelivered to the tendering party.

Berkshire Hathaway is a holding company owning subsidiaries engaged in a number of diverse business activities. The most important of these is the property and casualty insurance business conducted on both a direct and reinsurance basis through a number of subsidiaries.

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