Press Release LeasePlan Romania on 12 of May 2010

LeasePlan Romania- results first quarter- 2010

Bucharest May 12, 2010

On March 31, 2010 LeasePlan Romania has a fleet of 3.964 managed vehicles, with 150% more than on March 31, 2009. Furthermore, the value of the portfolio increased with over 100 percent, reaching 30.7 million euro, and the average fleet per client increased from 16 to 30 cars.

After it started operating in September 2007, LeasePlan Romania made a profit in March this year, which is a record at the group level in the history of over 45 years of LeasePlan Corporation.

In order to improve the quality of the services offered, starting from March 1, 2010, LeasePlan Romania launched Euro Insurances and “Driver’s Logbook Registry System”. The collaboration with Euro Insurances, insurance company of the LeasePlan Group, set up in Dublin in 1994, gives the clients several advantages, among which: dedicated personnel for inspection, monitoring of the whole process by LeasePlan, a better coordination of the relationship with the insurer, damage reports, better flexibility in offering the insurance package and no additional costs for EU travels.

The online application “Driver’s Logbook Registry System” allows its users to view the kilometers driven for business or private, for the assigned car or the pool car and brings real benefits in terms of the simple web graphic interface, the ease with which reports are issued or different possible alerts.   

For 2010, LeasePlan Romania targets a total fleet of 5.000 vehicles, as well as making a profit in the financial year 2010.

LeasePlan is the European leader in operational lease and fleet management
services and second place worldwide, managing a total fleet of over 1.3
million vehicles. LeasePlan shareholders are Volkswagen Group (50%) and
Fleet Investments B.V. (50%), an investment company owned by the German
banker Friedrich von Metzler.