MCH Millennium Chemicals

GATX Rail Announces Railcar Acquisition CHICAGO, Jan. 7 /PRNewswire-FirstCall/ -- GATX Rail today announced the purchase and lease-back of 1,176 modern, high-capacity, plastic pellet covered hopper railcars. The cars are deployed under a long-term lease arrangement to Equistar Chemicals, LP of Houston, TX. Equistar is a joint venture between Lyondell Chemical Company and Millennium Chemicals, Inc. . "We are excited to expand our relationship with Equistar through this transaction," said David M. Edwards, President and CEO of GATX Rail. "We pride ourselves on strong and lasting relationships with our customers, working closely to provide the right equipment, financing and service solutions to meet their competitive business needs. This transaction is a great example of our focus on customer service - we provided Equistar with a financing alternative that met their needs, while we capitalized on an opportunity to expand our fleet through the acquisition of quality rail assets." Ed Dineen, Senior Vice President of Equistar said, "We are pleased to continue working closely with GATX Rail. This transaction exemplifies how two companies, both leaders in their respective industries, can establish a win- win relationship." GATX Rail is one of the world's leading rail car lessors, with an interest in over 165,000 cars. This acquisition expands GATX Rail's North American covered hopper fleet to approximately 27,000 cars. Equistar Chemicals, LP is one of the world's largest producers of ethylene, propylene and polyethylene and a leading producer of ethylene oxide, ethylene glycol, specialty polymers, wire and cable resins, and polyolefin powders. COMPANY DESCRIPTION GATX Rail is a division of GATX Financial Corporation, a wholly owned subsidiary of GATX Corporation (NYSE:GMT). GATX Corporation (NYSE:GMT) is a specialized finance and leasing company combining asset knowledge and services, structuring expertise, partnering and risk capital to serve customers and partners worldwide. GATX specializes in railcar and locomotive leasing, aircraft operating leasing, and information technology leasing. Investor, corporate, financial, historical financial, photographic and news release information may be found at http://www.gatx.com/ . DATASOURCE: GATX Corporation CONTACT: Analysts & Investors, Robert C. Lyons, +1-312-621-6633, or Rhonda S. Johnson, +1-415-955-3211, both of GATX Corporation Web site: http://www.gatx.com/

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