GATX

July 03 2009

There has been substantial speculation and discussion regarding the wagon that was derailed and had its cargo released in the Viareggio accident. GATX Rail Europe would like to provide the following clarifying points regarding this wagon:

1. The wagon was originally assembled and built in GATX Rail Europe’s facility in Ostroda, Poland in December 2004. This wagon was manufactured under the authority of the German governmental rail regulatory approval body, completely in accordance with the German and European industry standards, and the wagon is registered in Germany. At five years of age, the wagon is younger than an estimated 80% of the entire European rail cargo wagon fleet.

Upon completion of this wagon’s assembly, it was leased to, and accepted by FS Logistica S.p.A. (FS Logistica), a subsidiary of Ferrovie dello Stato S.p.A. (FS). The wagon has operated continuously in Italy by FS Logistica from the date of manufacture.

2. In early 2009 at the CIMA RIPARAZIONI S.p.A. (CIMA) workshop in Bozzolo, Italy, the tank and the wagon underframe were subjected to the testing and inspection regime required under the German registration requirements for every four years for the tank, and every six years for the underframe. GATX Rail Europe elected to perform the underframe inspection two years early to avoid future disruption for its customer, FS Logistica. The work conducted by CIMA, or its subcontractor Rete Ferroviaria Italiana (RFI), a subsidiary of FS, in the case of the tank testing, included inspection and testing of many of the components and features of the wagon underframe and the tank, including tank integrity testing, all as required by GATX Rail Europe and industry standards. GATX Rail Europe, CIMA and RFI records, taken together, indicate that the wagon, including the underframe, tank, and components, including bogies and wheelsets, was in full compliance with all applicable regulations when it was released from the CIMA workshop on March 2, 2009. The CIMA workshop is fully qualified and certified to perform this inspection work, as confirmed by well-respected industry certification bodies, including the German railway, Deutsche Bahn (DB).

3. In November 2008, the wheelset that has been the focal point of discussion (Axle #98331 and two wheel discs) was thoroughly refurbished at the GATX Rail Europe subsidiary workshop at Jungenthal, Germany. The GATX Rail Europe Jungenthal facility is qualified and certified by German railway, Deutsche Bahn, to perform this type of wheelset maintenance and refurbishment. After the refurbishment was completed, the wheelset was subjected to rigorous testing. The axle and wheel discs were subject to and passed ultrasonic testing, and the axle was subject to and passed magnetic particle testing, all in full accordance with current industry practices, regulations and standards. According to GATX Rail Europe’s records, at the time of these inspections, all elements of the wheelset, including the axle, were in compliance with applicable industry standards. In February 2009, GATX Rail Europe shipped the wheelset to the CIMA workshop in Bozzolo to be installed on the subject wagon, which subsequently went back into service for FS Logistica in March, 2009.

4. The axle was manufactured in 1974 in Babelsberg in the former German Democratic Republic and was subject to periodic regulatory testing over subsequent years. There is no European statutory age limit on axles or the wheetsets of which they are a part. Wheelsets of this age, including their axles, when properly maintained and tested, are safe and fully compliant with strict industry standards, and are permitted and routinely remain in cargo service across Europe. GATX Rail Europe strictly follows all applicable European regulations and is an industry leader in developing and adopting new safety regulations even before they are required. GATX Rail Europe is active in the European rail industry and has close working relationships with key regulatory agencies.

Wien, July 03 2009