Press release 10.05.2006

GFKL acquires majority stake in Spanish renting company

Essen, 25 April 2006 - GFKL Financial Services AG has acquired 80 percent of the shares of CajaSur Renting S.A., a full-service renting company of vehicles, which is one of the ten largest providers in the Spanish market. With its headquarters in Seville, the company specializes in the fleet business in the corporate client segment and has a portfolio of around 14,000 vehicles, with a portfolio value of around 170 million euros. Founded in 1999, the company particularly counts the public sector amongst its customers, such as the police and Guardia Civil authorities and the municipalities of large cities such as Madrid and Barcelona. The company employs 73 people. The savings and loan bank CajaSur Bank is the seller of the majority holding and will retain the remaining 20 percent stake.
By entering into the Spanish leasing and rental market, GFKL is extending its European business.  The consortium already has subsidiaries in the Netherlands and in England.
Dr. Peter Jänsch, Chairman of the Executive Board of GFKL Financial Services AG, said of the transaction: “Our goal is to significantly increase our foreign business over the coming years and to become one of the leading leasing companies in Europe in the medium term. The entry into the Spanish market with our partners in public sector banking is another step on the way. We plan to extend CajaSur’s regular vehicle business with other asset classes and to open more locations in addition to the existing agencies in Seville, Madrid and Barcelona.”

About GFKL Financial Services AG

GFKL Financial Services AG, Essen, was founded in 1992 as a leasing company, and in recent years has developed to become a specialist provider in the finance and IT sectors. With its wide range of solutions GFKL holds a USP in the German market. The company supplies services and software in the credit, collection, software and systems sectors. Based on its years of experience as a financial services company, GFKL is able to assist its clients in financing investments, organizing processes and implementing measures for safeguarding liquidity during every phase of the business process. The GFKL Group employs approximately 2,000 personnel and expects consolidated revenues to exceed one billion euros during the current business year.

Media Conatct

GFKL Financial Services AG
Corporate Communications
Sven Kamerar
Limbecker Platz 1
D-45127 Essen

Phone: +49 (0201) 102-1192
E-Mail: pr(at)gfkl.com