<p>Porterbrook Leasing is pleased to announce that Phil White has been appointed as the Company’s new Chairman and he will be joining the Board on 26 April 2016. He takes over from Alan Lewis who has been Chairman for seven and half years.</p>

<p>Phil is a Chartered Accountant and has considerable experience in the Transport Sector including ten years as CEO of National Express.</p>
<p>Paul Francis, Managing Director, Porterbrook said “Alan has been Chairman for a number of years and I would like to thank him for his support and contribution over this period. I am looking forward to welcoming Phil onto the Board and working with him; his wealth of experience will be an invaluable asset to us.”</p>
<p>Phil White said “I am very pleased to be taking on the role of Chairman of Porterbrook. The company has an important role to play in the UK rail industry and I look forward to working with members of the Board to help take the business forward.”</p>
<p>Phil is also Chairman of Lookers plc, Unite Group, Kier Group and Vantage Motor Group.</p>
<p>Notes to Editors: Porterbrook Leasing Company Limited ("Porterbrook") is a leading player in the rail leasing market and has a rolling stock fleet of around 6,000 vehicles on lease or on order, which includes over 4,000 passenger vehicles. Porterbrook has been highly successful in winning new train orders since privatisation, investing in over 2,300 new passenger vehicles and more than 2,000 freight locomotives and wagons, and in the refurbishment of much of its in-fleet equipment. The company also provides ongoing train maintenance services. In October 2014 the Porterbrook Group of companies was acquired by a consortium of investors including Alberta Investment Management Corporation (“AIMCo”), Allianz Capital Partners (“ACP”) on behalf of certain insurance companies of the Allianz Group, EDF Invest and Hastings Funds Management.</p>