GATX Renames European Operations

CHICAGO--Aug. 11, 2006--GATX Corporation today announced that the Company's 20,000 railcar European tank wagon leasing operations will operate under a common name, GATX Rail Europe. The former KVG Kesselwagen Vermietgesellschaft m.b.H. (KVG) companies are now called GATX Rail Austria GmbH and GATX Rail Germany GmbH. The former DEC Sp. z o.o. (DEC) is now GATX Rail Poland Sp. z o.o. The three companies form the GATX Rail Europe group.

Johannes Mansbart, chief executive officer of GATX Rail Europe stated, "This change symbolizes the success of our management and employees in integrating the commercial, technical and financial operations of GATX's European tank wagon businesses. With our unified structure and common market identity, we will be positioned to best use our expertise to continue to provide our customers with the quality tank wagons and service they expect from GATX."

The 20,000 cars in the GATX Rail Europe fleet are leased to major shippers throughout Europe. The former KVG companies were established in 1991, headquartered in Hamburg, Germany and Vienna, Austria. GATX made its initial investment in KVG in 1997 and acquired 100% in December 2002. DEC, formerly Poland's national tank wagon fleet, was acquired by GATX in 2001 and is headquartered in Warsaw. Apart from its tank wagon operations, GATX also owns a minority interest in AAE Cargo, a growing European rail operating lessor with a fleet of over 20,000 freight wagons.

COMPANY DESCRIPTION

GATX Corporation provides lease financing and related services to customers operating rail, air, marine and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, IL since its founding in 1898 and has traded on the New York Stock Exchange since 1916. For more information, visit the Company's website at www.gatx.com.

Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com.