GRENKELEASING AG

ots Ad hoc-Service: Grenke Leasing AG GRENKELEASING AG posts Record Result for the Financial Year 2000

Ad hoc-announcement edited and sent by DGAP. The sender is solely responsible for the contents of this announcement. ----------------------------------------------------- Baden-Baden (ots Ad hoc-Service) - GRENKELEASING AG, Germany, market leader in the field of small-ticket IT leasing, posts after-tax earnings of EUR 9.6m for FY 2000 as per December 31, 2000. This corresponds to an increase of 146% compared to the same period of the previous year (1999: EUR 3.9m). In this connection GRENKELEASING also especially profited from the tax reform. The reduction in the tax rate from previously 50% to 38.5% allowed a revaluation of deferred taxes. Earnings before taxes (EBT) grew by 53% compared to the previous year, reaching a figure of EUR 12.3m (1999: EUR 8.0m). The profit per share according to the DVFA (German Society of Capital Market Experts) amounts to EUR 0.71 and thus lies 34% above the average value of published analyst forecasts (EUR 0.53). New business, i.e. the total acquisition costs of new leasing contracts, rose by 57.9% to a figure of EUR 178.2m, compared to EUR 112.9m in 1999. Earnings generated by new business largely accrue during the term of the leasing contracts over a period of approx. three years following conclusion of the new business. The Board of Management Contact Details: GRENKELEASING AG, Rheinstrasse 219, 76532 Baden-Baden Renate Hauss Phone: +49 (0) 7221-5007-204 Email: investor@grenke.de End of message ----------------------------------------------------- Internet: http://recherche.newsaktuell.de Original-Content von: GRENKELEASING AG, übermittelt durch news aktuell

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