Key Equipment Finance Implements Equipment Leasing Industry's First Pan-European Lease Accounting System; Oracle, Key Equipment Finance Team up to Streamline Global Accounting Processes

Key Equipment Finance and Oracle have completed the implementationof Oracle(R) Lease Management for the leasing company's operations inthe U.K. and Ireland, and anticipate a complete rollout of the systemin the 15 European countries in which Key Equipment Finance operatesby the end of 2006. Oracle Lease Management is a comprehensiveapplication that provides end-to-end automation, helping organizationsto improve operational efficiency, capture new opportunities andoptimize business relationships.

"The financial services industry has struggled for many years tofind a solution that allows companies to efficiently run a globalbusiness that can operate locally around the world as well asconsolidate globally for U.S. accounting purposes," said Karen Larson,president and chief operating officer of Key Equipment Finance'sglobal vendor services unit. "This partnership is truly an example oftwo leading, global companies pioneering the way for more efficientworldwide business operations. Oracle is not only a Key EquipmentFinance vendor, but also an established client of KeyCorp that hasbenefited from Key's extensive product offerings. This is a greatillustration of Key's commitment to deepening client relationships."

Key Equipment Finance provides flexible financing options tocompanies interested in acquiring Oracle enterprise software solutionsin 20 countries throughout North America, Europe and Asia Pacific.

With the implementation of Oracle Lease Management, Key EquipmentFinance will be able to provide a higher level of service to existingand new customers throughout Europe. The adoption of a single,consolidated system will also pave the way for significant expansion,both geographically and through expanded product offerings, for KeyEquipment Finance throughout Europe.

"The implementation of this system in Europe is an importantmilestone for Oracle and Key Equipment Finance," said Joe Morgan, vicepresident strategic accounts consulting for financial services atOracle. "Key and Oracle have had a longstanding equipment financingrelationship, and we're excited to team up with them again on a systemdesigned to help streamline the processes of operating a globalfinancial services company."

About Key Equipment Finance

Key Equipment Finance is an affiliate of KeyCorp (NYSE:KEY) andprovides business-to-business equipment financing solutions tobusinesses of many types and sizes. The company focuses on fourdistinct markets:

-- businesses of all sizes in the U.S. and Canada (from small business to large corporate);

-- equipment manufacturers, distributors and value-added resellers worldwide;

-- federal, provincial, state and local governments as well as other public sector organizations; and

-- lease advisory services for manufacturers' captive leasing and finance companies.

Headquartered outside Boulder, Colorado, Key Equipment Financemanages a $12 billion equipment portfolio with annual originations ofapproximately $5 billion. The company has major management andoperations bases in Toronto, Ontario; Albany, New York; Chicago,Illinois; Houston, Texas; London, England; and Sydney, Australia. Thecompany, which operates in 25 countries and employs 1,100 peopleworldwide, has been in the equipment financing business for more than30 years. Additional information regarding Key Equipment Finance, itsproducts and services can be obtained online at KEFonline.com.

Cleveland-based KeyCorp is one of the nation's largest bank-basedfinancial services companies, with assets of approximately $91billion. Key companies provide investment management, retail andcommercial banking, consumer finance, and investment banking productsand services to individuals and companies throughout the United Statesand, for certain businesses, internationally.

Oracle, JD Edwards, PeopleSoft, and Retek are registeredtrademarks of Oracle Corporation and/or its affiliates.