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BNP Paribas Lease Group and Neuson Kramer signed a partnership agreement for the financing of construction equipment

Paris - May 21th 2003 - BNP Paribas Lease Group (BPLG), specialised in equipment financing to enterprises and Neuson Kramer, a European manufacturer of Construction Equipment, announced the signature of a partnership agreement, whereby BPLG is to provide financing for Construction Equipment to the brands Neuson, Lifton and Kramer in most European countries.

Under this partnership, BPLG is to offer Neuson Kramer's customers and its dealer network, particularly attractive "leasing" solutions, and commits itself to respect and to comfort the privileged relationship that exists between the vendor and its end-user.

"The Construction Equipment market is one of BPLG's leading sectors" explains Mark Venus, Director - International Partnerships & Marketing." "It is a pleasure to make available to Neuson Kramer our know-how and our financing expertise in this field. In this market, we have developed a policy of partnership with manufacturers of quality equipment such as Neuson Kramer. Through this agreement, dealers will be able to develop customer loyalty bringing them a quality service without the management, risk and funding constraints attached to these transactions."

"We were looking for a dynamic partner, ready to protect the privileged relationship that we have with our customers", further indicates Henrik Kinder, Managing Director of NK Finance. "BNP Paribas Lease Group's offer fully met our needs/requirements. The trial period we ran in Italy was a success , so we wanted to extend this partnership to other European countries and have our customers benefit from BNP Paribas Lease Group's know-how.
Their pan-European offer is a major asset as it is essential in the compact machinery sector, to help us optimise our sales.
Thanks to this partnership, we will be in a position to concentrate on the increase of our market share, and in particular to impose our new range of loaders, resulting from our merger with Kramer".

Neuson Kramer Construction machinery, is a European manufacturer of Construction Equipment, and one of the leading suppliers of compact machines in Europe. Neuson who made a name for itself for the quality of its mini-excavators, enlarged its range of products with LIFTON mini dumpers and Kramer loaders. These two external growth transactions enabled the new company Neuson Kramer to position itself in less than 3 years as a "full liner" in the compact machinery field. With a staff of nearly 550 people, and 3 plants in Europe, Neuson Kramer's new business reached €250 million.

BNP Paribas Lease Group (BPLG) is, within BNP Paribas, the entity providing business equipment financing. Our business is to grant tailor-made financing solutions, in credit, leasing and renting, as well as services attached to these financings.

Active in this field for more than 50 years, we provide financing services to equipment manufacturers and distributors. Together we build up partnerships that cover everything from simple recommendation agreements to the creation of financing companies. Our financing solutions are available either for domestic or for international projects. They are developed and set up thanks to a European network made of 9 subsidiaries with a staff of nearly 2 500 people, with more than 600 people outside France.

With 660 M Euros of financing granted in 2002 to the Construction Equipment market, BPLG is a privileged partner of the leading manufacturers in Europe.