GATX Announces GATX Rail Europe Management Succession.

CHICAGO -- GATX Corporation (NYSE:GMT) today announced that Johannes Mansbart has been named the chief executive officer of GATX Rail Europe, effective January 1, 2006, with responsibility for GATX's 20,000 car European tank wagon leasing business, comprised of the KVG Kesselwagon (KVG) companies and DEC Sp. z o.o. (DEC). Mr. Mansbart, previously chief financial officer for GATX Rail Europe, has led the effort to integrate the commercial, technical and financial operations of GATX's European tank wagon businesses. Mr. Mansbart reports to James F. Earl, executive vice president - rail at GATX Corporation.

Mr. Mansbart succeeds Gernot Schwayer, who announced his retirement from KVG and GATX effective December 31, 2005. Mr. Schwayer was one of the founders of KVG, and he served as chief executive officer of GATX Rail Europe.

Brian A. Kenney, president and chief executive officer of GATX Corporation, said, "We are grateful to Mr. Schwayer for his many contributions to KVG and for his leadership of GATX Rail's European tank wagon leasing activities. We are very confident in Johannes' ability to lead this business to continued success as an increasingly important part of GATX."

The 20,000 cars in KVG and DEC tank wagon fleets are leased to major shippers throughout Europe. The KVG companies were established in 1991, and are headquartered in Hamburg, Germany and Vienna, Austria. GATX's made its initial investment in KVG in 1997 and acquired 100% in December 2003. DEC, formerly Poland's national tank wagon fleet, was acquired by GATX in 2001 and is headquartered in Warsaw. GATX also owns an interest in AAE Cargo, a growing European rail operating lessor with a fleet of over 20,000 freight wagons.

COMPANY DESCRIPTION

GATX Corporation (NYSE:GMT) provides lease financing and related services to customers operating rail, air, marine and other targeted assets. GATX is a leader in leasing transportation assets and controls one of the largest railcar fleets in the world. Applying over a century of operating experience and strong market and asset expertise, GATX provides quality assets and services to customers worldwide. GATX has been headquartered in Chicago, IL since its founding in 1898 and has traded on the New York Stock Exchange since 1916. For more information, visit the Company's website at www.gatx.com.

Investor, corporate, financial, historical financial, photographic and news release information may be found at www.gatx.com.