Comdisco Names Koe as New President and CEO for European Operations.

Business Editors

ROSEMONT, Ill.--(BUSINESS WIRE)--March 25, 2002

Comdisco, Inc. (NYSE:CDO) today announced the appointment of Robert E. Koe as president and chief executive officer, Comdisco Europe, effective immediately. In his new position, Koe, who will be headquartered in Munich, Germany, will have executive responsibility for all of Comdisco's operations in Europe and the United Kingdom.

Prior to joining Comdisco, Koe most recently served as managing director, International Operations, for Ocwen Financial Corporation, where he had previously served as managing director from July 1996 to May 1998. During the intervening years, Mr. Koe worked with Wand Partners, Inc., private equity investors, and served as president and chief executive officer of MCM Capital Inc., a public financial services company in Phoenix, Arizona. From 1990 to January 1996, Mr. Koe was chairman, president and chief executive officer of United States Leather, Inc. (USL). Prior to joining USL in 1990, he was vice chairman of Heller Financial, Inc., and had served as a member of the board of its parent company, Heller International Corp., as well as Heller Overseas Corp. Mr. Koe came to Heller from General Electric Capital Corporation (GECC), where he held positions that included vice president and general manager of Commercial Financial Services; vice president and general manager of Commercial Equipment Financing; and president of Acquisition Funding Corp. Before joining GECC, he held various positions with its parent, the General Electric Company, from 1967 to 1975. He is a graduate of Kenyon College in 1967.

"We are very fortunate to attract someone of Bob's caliber to lead our European operations," said Norm Blake, Comdisco's chairman and chief executive officer. "He brings to Comdisco decades of experience in financial and operations management with such world class companies as General Electric, GE Capital and Heller Financial. He will apply that expertise to develop and execute a strategic plan that will maximize the value of our European operations for all of the stakeholders of Comdisco."

Comdisco, Inc. and 50 domestic U.S. subsidiaries filed voluntary petitions

for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of Illinois on July 16, 2001. The filing allows the company to provide for an orderly sale of some of its businesses, while resolving short-term liquidity issues and enabling the company to reorganize on a sound financial basis to support its continuing businesses.

Comdisco's operations located outside of the United States were not included in the Chapter 11 reorganization cases. All of Comdisco's businesses, including those that filed for Chapter 11, are conducting normal operations.

On February 14, 2002, the U.S. Bankruptcy Court for the Northern District of Illinois approved the company's request for an extension of the exclusive periods during which only Comdisco may file a plan of reorganization and solicit acceptances for that plan. These periods, which had been scheduled to expire on March 15, 2002, and May 15, 2002, have now been extended to April 15, 2002 and June 15, 2002, respectively. The company has targeted emergence from Chapter 11 during the first half of 2002.

About Comdisco

Comdisco (www.comdisco.com) provides technology services to help its customers maximize technology functionality, while freeing them from the complexity of managing their technology. The Rosemont (IL) company offers leasing to key vertical industries, including semiconductor manufacturing and electronic assembly, healthcare, telecommunications, pharmaceutical, and biotechnology. Through its Ventures division, Comdisco provides 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 27(a) of the Securities Act of 1933 and Section 21E of the Securities and 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: Adjustments arising in the course of completing the analysis of information with respect to the review of the company's businesses and evaluation of impairment charges; 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; continued consolidation in the telecommunications industry and curtailment of the growth plans of the remaining companies in that sector, which could result in fewer buyers and reduced prices for available Prism assets, and a further reduction in the proceeds actually received from the sale of those assets compared to prior estimates and an increase in the losses associated with the discontinued operation. 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 quarter ended December 31, 2001. 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.