27.6..2001
MAC Enters Full Service Leasing Market in Eastern Europe

General Motors Acceptance Corporation (GMAC) has acquired one hundred percent of the Polish leasing company Futura Leasing S.A. and Prime Car Management (PCM), an affiliated full service leasing company, both located in Gdansk, Poland. The acquisition is GMAC's first full service leasing venture into Eastern Europe. Futura and PCM will join the Masterlease group, GMAC's full service leasing organization in continental Europe.

With full service leasing being an important part of GMAC's international growth strategy, the acquisition is timely in view of the rapidly growing leasing market in Poland and the country's upcoming entry to the European Union. GMAC has proven experience in this business through its subsidiaries Masterlease in Austria, Germany, Greece, Italy, Portugal and Spain; Interleasing in the UK; and HNL Fleet Services in Australia.

Futura and PCM have a growing portfolio of a pproximately 2500 vehicles including full service lease and fleet management contracts. The companies employ 90 people in total and had assets of 30 million US dollars at year-end 2000.