Comdisco Announces the Sale of Its Leasing Subsidiary in Germany.

Business Editors/High-Tech Writers

ROSEMONT, Ill.--(BUSINESS WIRE)--April 30, 2003

Comdisco Holding Company, Inc. (OTC:CDCO) today announced that it completed the sale of the stock of its leasing subsidiary in Germany on April 29, 2003 to Munich-based Comprendium Investment (Deutschland) GmbH, which is owned by Comprendium Investment SA, a Swiss corporation. Comprendium Investment SA is controlled by Thomas Flohr, who until January 2001 served as president of Comdisco Europe, a division of Comdisco, Inc. Under the terms of the agreement, Comdisco received approximately EUR285 million (approximately $316 million) at closing. Comdisco will receive four additional payments totaling up to approximately EUR38 million (approximately $42 million) over the next 42 months contingent upon specific portfolio performance criteria.

The transaction resulted from an extensive offering and competitive bidding process run by the company's independent investment banking firm. The German subsidiary sold to Comprendium comprised a majority of Comdisco's European assets.

About Comdisco

The purpose of reorganized Comdisco is to sell, collect or otherwise reduce to money the remaining assets of the corporation in an orderly manner. Rosemont, IL-based Comdisco (www.comdisco.com) provided equipment leasing and technology services to help its customers maximize technology functionality and predictability, while freeing them from the complexity of managing their technology. Through its former Ventures division, Comdisco provided equipment leasing and other financing and services to venture capital backed companies.

Safe Harbor 

The foregoing contains forward-looking statements regarding Comdisco. They reflect the company's current views with respect to current events and financial performance, are subject to many risks, uncertainties and factors relating to the company's operations and business environment which may cause the actual results of the company to be materially different from any future results, express or implied by such forward-looking statements. The company intends that such forward-looking statements be subject to the Safe Harbor created by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The words and phrases "expect," "estimate," and "anticipate" and similar expressions identify forward-looking statements. Certain factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: uncertainties related to the company's bankruptcy plan of reorganization; the company's limited business purpose and the inherent uncertainty of its limited business plan; continuing volatility in the equity markets, which can affect the availability of credit and other funding sources to the high technology sector companies in the Ventures portfolio, resulting in the inability of those companies to satisfy their obligations in a timely manner and an increase in bad debt experience beyond current reserves; the company's significant exposures to companies in the telecommunications, electronics, and other high technology industries that have been severely negatively impacted by the recent economic downturn; exposure to customer concentration risk; and exposure to foreign exchange rate fluctuations. Other risk factors are listed from time to time in the company's SEC reports, including, but not limited to, the report on Form 10-Q for the fiscal first quarter ended December 31, 2002. Comdisco disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.