a letter from our chairman

Dear Colleague,

GATX Corporation has a long history of providing outstanding products and services with honesty and integrity. Operating our business with high ethical standards is extremely important as a reputation for integrity and fair dealing is a valuable asset.

As GATX strives to be recognized as the finest railcar leasing company in the world by its customers, shareholders, employees and the communities where it operates, it is essential that each of us observes and abides by the policies outlined in the Code.

If you have any questions or concerns about the Code or any activity at GATX, speak with your manager or other Company representative or, if you prefer, you can speak confidentially by calling our Network Hotline. Company representatives and Network Hotline contacts are listed here. GATX will treat reports of violations confidentially, and no one who reports a suspected violation in good faith will be subject to retaliation for doing so.

Please read the Code carefully. You will be asked to formally acknowledge that you have read the Code, understand it and agree to abide by it by signing and submitting your annual acknowledgment.

Please join me in maintaining our commitment to high ethical standards in the operation of our business. Thank you.

Brian A. Kenney
Chairman, President and Chief Executive Officer