Former GM Executive Richard Donnelly Joins Capstone Turbine Board

    CHATSWORTH, Calif.--Feb. 27, 2003--Richard Donnelly, a former executive with General Motors Corporation (www.gm.com) has been named to the board of directors of Capstone Turbine Corporation (www.microturbine.com) .
    Donnelly is the Automotive Industrial Partner at the New York based Ripplewood Holdings LLC, a firm with more than $4 billion invested in a range of automotive, manufacturing, banking, chemical and technology industries. In that role, Donnelly leads the global automotive supplier practice that builds presence in the auto parts industry through acquisition.
    Donnelly joined Ripplewood in 1999 following a 38-year career with GM that spanned executive positions including Vice-President & Group Executive for Manufacturing and Quality for International Operations, President of GM Europe, Vice President & Founding Group Executive of GM Powertrain, and the GM Production System Executive Director.
    "Capstone's renowned leadership in microturbine product development, market leadership and diverse application deployment is, in my opinion, unparalleled," Donnelly said. "I believe the company offers an innovative technology with significant potential to provide flexible solutions for producing energy."
    Donnelly also serves on the boards of Niles Parts (www.nilesparts.com), Oshkosh Truck (www.oshkoshtruck.com) and Powerway (www.powerway.com).
    "We are pleased that Mr. Donnelly has joined our board. He brings a depth of knowledge of the manufacturing industry to our board that will be very valuable to our continued commercial progress," said Eliot Protsch, Chairman of the Board of Capstone Turbine and Chairman of its Nominating and Governance Committee. "We believe Capstone will benefit from Dick's expertise in product development and manufacturing gained from his years in the automotive industry."

    About Capstone Turbine

    Capstone Turbine Corporation (www.microturbine.com) is the world's leading producer of very-low-emission microturbine systems used for onsite power production. In 1998, Capstone was the first to offer commercial power products utilizing microturbine technology, the result of more than ten years of focused research. Capstone Turbine has sold and shipped more than 2,500 commercial production Capstone MicroTurbine systems to customers worldwide. These award-winning systems have documented more than 3 million hours of operation.

    This press release may contain "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, such as the expectation of leveraging current product manufacturing and development needs. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. These risk factors are identified, among other places, under "Business Risks" in Capstone's most recent 10-K and 10-Q Securities and Exchange Commission filings. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to such statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.
    "Capstone Turbine Corp." is a registered trademark of Capstone Turbine Corporation.
    All other trademarks mentioned in this press release are the property of their respective owners.