MOLINE, IL (February 13, 2007) — John Deere Owner Trust 2003 today announced that it has elected to redeem on February 15, 2007 all of its outstanding Class A-4 2.44% Asset Backed Notes and Class B 2.01% Asset Backed Notes and make the final distribution on its Asset Backed Certificates on such date. The redemption price of the Notes and the final distribution on the Certificates will be equal to the then outstanding principal amount of the Notes and Certificates. February 15, 2007 is also a monthly Payment Date for the Notes and Certificates. Payment on the Notes will be made by the Trustee, The Bank of New York, Corporate Trustee Administration, 101 Barclay Street, Floor 4 West (ABS Unit), New York, NY 10286. Payment on the Certificates will be made upon presentation and surrender of the Certificates at U.S. Bank Trust National Company, Attn: Melissa Rosal, US Bank Trust National Company, 209 S. LaSalle St. Suite 300, Chicago, IL 60604.
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