Chancellor President to Speak at The AiC'S FLEET '99 Conference

18 March 1999

Chancellor President to Speak On 'Wholesale-Plus' Strategy At The AiC'S FLEET '99 Conference

    BOSTON--March 18, 1999--Chancellor Corporation (OTC BB:CHLR) today announced that its President, Franklyn E. Churchill will be a speaker at AiC Worldwide's FLEET '99 conference in New Orleans, Louisiana on March 22-23, 1999. Mr. Churchill will discuss strategic marketing alternatives for maximizing the value of the sale of fleet equipment and the Company's "wholesale-plus" strategy.
    The FLEET '99 Conference will focus on effective fleet management and different strategies to maximize fleet equipment values. Chancellor is contributing to a fleet managers ability to accomplish this goal through its "Total Holding Cost" approach to financing transportation equipment. With the introduction of its "wholesale plus" residual value pricing, Chancellor is able to offer tremendous cost savings to its customers on the acquisition of new equipment.
    Additionally, by owning its own retail sales centers Chancellor will be able to offer trade in allowances on its customers old equipment, offer shorter lease terms and provide other value-added services, such as fuel management and maintenance programs. As the Company furthers the development of its retail sales center network, it will be able to control the useful life and maximize the value of its leased equipment. As a result, these initiatives will serve to help fleet managers make better decisions on the acquisition and disposition of their fleet equipment.
    Chancellor Corporation is spearheading an evolution in transportation equipment finance through innovative financing and fleet management programs which reduce customers' total holding costs and significantly improve fleet management through asset management, equipment maintenance, fuel management, and data management strategies. Since its founding in 1977, Chancellor has completed a total of approximately $1.5 billion in equipment lease transactions for its Fortune 500 and middle market customers in the U.S. and international markets, including South Africa and the CIS. Chancellor is a fleet management and transportation equipment leasing firm headquartered in Boston. The Company's Internet address is http://www.chancellorcorp.com. The Company is publicly traded under the symbol "CHLR."

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995:

    This release contains statements that are not historical facts and that may be deemed to contain forward-looking statements with respect to events, the occurrence of which involves risks and uncertainties, including, without limitation, demand and competition for the Company's lease financing services and the products to be leased by the Company, the continued availability to the Company of adequate financing, the ability of the Company to recover its investment in equipment through remarketing, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings.

    For more information, see www.otcfn.com/chlr and www.chancellorcorp.com.