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PRESS RELEASE

4 July 2005

Acquisition of debis AirFinance Completed

debis AirFinance, Europe�s largest aircraftleasing and asset management company, announced today that the acquisition of the Company has been successfully completed. Cerberus Capital Management has acquired all the share capital and certain debt held by the exiting shareholders DaimlerChrysler, Bayern LB, Dresdner Bank, DZ BANK and HypoVereinsbank.

Terms of the agreement were not disclosed.�

Pieter Korteweg, designated Chairman of the newly formed debis AirFinance Group Board, said: �This acquisition represents a continuation of Cerberus� interest in the aviation industry. debis AirFinanceis one of the most capable global operating lease platforms in the industry.� We look forward to building on debis� platform while exploring a number of growth options.�

Klaus Heinemann, Chief Executive Officer of debis AirFinancesaid: �The new ownership structure gives us the financial strength to take the company to the next stage of its development.�We look forward to exploring growth options and will make best use of the opportunities that will be available to us.�We are determined to build on our role as a very visible fixture in the industry.�

The exiting shareholders were advised throughout the transaction by Rothschild.� Cerberus had financing provided by Lehman Brothers, Calyon and IXIS Capital Markets, and was advised by Lehman Brothers and IXIS Capital Markets.

About debis AirFinance

debis AirFinance is one of the largest global lessors of commercial aircraft. Alongside the leasing and financing of aircraft,debis AirFinance provides a wide range of aircraft servicing, asset management and related services. These services are typically provided to airlines, securitisation vehicles and other investors in the aviation industry.

debis AirFinance has a fleet of 126 modern aircraft. The portfolio is well-diversified across different aircrafttypes, regions and customer categories. debis AirFinance also has order positions for new Airbus A320 family aircraft.

In addition, the Company manages another 107 aircraft under full-service contracts for third party owners and provides financial and corporate services for 164 aircraft. debis AirFinanceacts as servicer or administrator for leading aircraftsecuritisation vehicles (AerCo and Airplanes Group).

debis AirFinance is headquartered in Amsterdamand has offices in Shannon,Ireland, and Fort Lauderdale, Florida,USA. Worldwide, the company employs 109 people from more than 20 countries.

About Cerberus Capital Management

Headquartered in New York, Cerberus Capital Management, L.P. and its affiliated entities manage funds and accounts with capital in excess of US$16 billion.

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