Milestones

1992	foundation of »PRO LEASE Leasinggesellschaft mbH & Co. KG«
1993	First project in the Real Estate Leasing devision
1994	Introduction of new shareholders
	Capital increase
	Expansion of business in the Equipment Leasing division
1995	Further capital increase
1996	Expansion of the network of offices for the Equipment Leasing division
1997	Acquisition of GFKL Mobilien GmbH
	Divestiture of the Equipment Leasing division to GFKL Mobilien GmbH and of the Real Estate Leasing division to EGIB Immobilien GmbH
	Transformation into a stock corporation (Aktiengesellschaft)
1998	Acquisition of GFKL Portfolio Services GmbH and establishment of the Credit Management and Collateral Management division
	MLQ acquires a 49.99% holding
	Receipt of the first service order for the management of two credit portfolios by GFKL Portfolio Services GmbH
	Split from the real estate leasing business with the sale of EGIB Immobilien GmbH, as well as of additional subsidiaries and associated companies
1999	First non-bank-controlled servicer of AAA-rated ABS portfolios in Germany
	Completion of what was at that time the largest asset deal in the German leasing sector with acquisition of FKB´s portfolio
2000	Entry into credit management and collateral management with mortgage-backed loans
	Formation of Proceed Asset Trading GmbH
2001	From June 2001 GFKL Mobilien GmbH participates in one asset-backed commercial paper program (ABCP) of WestLB
2002	Acquisition of Universal-Leasing GmbH, Augsburg, 1 April 2002
	Renaming of GFKL Portfolio Services GmbH and GFKL Securitization Services GmbH to Proceed Portfolio Services GmbH and Proceed Securitization Services GmbH
	Participation of the ERGO insurance group to the GFKL Financial Services AG at a value of 19,7%
	Since June the GFKL Mobilien GmbH takes part on a second Asset Backed Commercial Paper (ABCP) Program of ABN AMRO
	Acquisition of Schmidt Bank Leasing GmbH, Nürnberg, 1 Oktober 2002
2003	Acquisition of RCU Leasing GmbH & Co. KG, Berlin, 1 Januar 2003
	Acquisition of phinware AG, Düsseldorf
	Participation of Westdeutsche Landesbank AG to the GFKL Financial Services AG at a value of 4,9%
	New Asset Backed Commercial Paper (ABCP) Program with the Royal Bank of Scotland
	Fusion of GFKL Mobilien GmbH and Universal-Leasing-GmbH on Universal Leasing GmbH
	Voluntary public tender offer of the GFKL Financial services AG to the shareholders of the ABIT AG
2004	Fusion of the phinware AG on the quoted ABIT AG
	Conclusion of a new CP program with State Street
	Acquisition of Transned Lease B.V., Eindhoven, Holland, 29 Juli 2004
	Extension of the Tulip CP program for Dutch leasing demands
2005	Merger of ABIT AG to GFKL Financial Services AG initiated
	Takeover of ADA HAS Group Willich
	Issue of ABS bond "FAST 2005 Limited" (450m euros) being the first capital market transaction on GFKL's own account
2006	Standard & Poor´s raises GFKL Financial Services AG´s servicer rating to the second-highest rating on its 18-level evaluation scale
	Placement of an unsecured promissory note bond with a volume of 100 million EUR with 21 national and international banks
	Majority holding in the company today known as Universal Lease Iberia S.A.
	Takeover of the company today known as Zyklop Inkasso Deutschland GmbH, Krefeld
	Completion of the merger of ABIT AG with GFKL Financial Services AG
	Acquisition of Inkasso Becker Wuppertal Dieter Becker GmbH & Co. KG
	Takeover of the English leasing company Admiral Leasing plc from Manchester
	Entry to global collection business with the takeover of Wolter Inkasso OHG from Essen
2007	Leading independent financial services provider with equity of Euro 162 million, revenues of Euro 1.2 billion and 2,624 personnel
	Universal Factoring GmbH commences operating activities
	Completion of a strategic cooperation with BAG Bankaktiengesellschaft
	Consolidation of our insurance industry competence in software and consulting within the subsidiary GENEVA-ID GmbH
	Acquisition of Multigestión Iberia S.A. and Corfisa Financial Services S.A.
	Expansion of English leasing operations with the takeover of the London-based Hanover Financial Group of Companies
2008	GFKL has been awarded the highest possible servicer rating by Standard & Poor's. This rating makes GFKL one of the three best-rated companies in Europe.