ots Ad hoc-Service: GRENKELEASING AG Significant increase by 67.1% in first quarter\047s earnings 2000

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    Baden-Baden (ots Ad hoc-Service) -  

    GrenkeLeasing AG, the market- leader in Small-Ticket-IT-Leasing in Germany, announces a result before taxes (EBT) of DM 4.2 million for the first quarter of the current year per March 31st. This corresponds with an increase of 67.1% compared with DM 2.5 million in the first quarter of the previous year. Simultaneously the new business of the group, expressed in the total acquisition value of leasing contracts in the first quarter 2000 increased by 72.5% (compared to the first quarter 1999) to DM 72.4 million.

    Earnings after taxes increased disproportionately by 444% to DM 5.5 million (compared to first quarter 1999: DM 1.0 million). This is largely due to the dissolution of deferred taxes in connection with the restructuring of the company before going public.

    Since April 4th GRENKELEASING AG is listed in the new market ("Neuer Markt") of the Frankfurt stock exchange.

    Please get further information from our quaterly report I/2000 at "Investor Relations".

    The Board of Management

    Contact Details:

    GrenkeLeasing AG, Rheinstraße 219. 76532 Baden-Baden Renate Hauss Tel.: 07221/5007-204 Email: Internet:

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