Financial Stability with Growth Capital

Donlen's financial stability sets us apart in the fleet management industry:

Donlen's large syndicated bank revolver is led by JPMorgan Chase and includes other banks such as Bank of America, U.S. Bank, PNC Bank, and Northern Trust	Donlen utilizes commercial paper financing mechanisms that are rated A1/P1 by Moody’s and S&P, which carries an implied AA long term rating, or higher	Donlen maintains one of the lowest leverage ratios in the industry, which is currently at 4:1

Donlen has experienced a 14% Compound Annual Growth Rate (CAGR) in revenue since 2004	Donlen has industry-leading ROE and has averaged 25% pre-tax over the last four years	Since 2005, Donlen has effectively had no lease write-offs representing 0 basis points