Key Equipment Finance Selected by UBS Leasing as Strategic Partner

UBS Leasing will be able to provide an expanded product andservice offering to UBS bank customers in Switzerland interested inleasing technology and other business-related assets. This strategicpartnership provides a competitive advantage to UBS Leasing withproducts such as project financing, technology refresh and off balancesheet lease financing, which can enable companies to take advantage ofbenefits like upgrade flexibility, optimal asset management andimproved balance sheet management.

"UBS is a leading, global financial organization that is committedto meeting the needs of its customers," said Karen Larson, presidentand chief operating officer of Key Equipment Finance's global vendorservices unit. "UBS Leasing already provides a wide range of financingfor all types of assets, from motor trucks to technology equipment toships for companies of all sizes, and we look forward to working withthem to offer a more diversified product offering in response toincreasing demand from their customers."

UBS Leasing noted Key Equipment Finance's comprehensive productoffering, including US-GAAP and IAS/IFRS-compliant lease structures,as well as approximately 30 years' experience providing financingoptions to companies worldwide, as the primary reasons for selectingKey Equipment Finance as a strategic partner.

"Key Equipment Finance is regarded throughout the industry as aleading provider of equipment financing options for global companies,"said Gino Giuliato, CEO at UBS Leasing. "Through this alliance, wewill be able to provide an expanded range of products and services tomeet the equipment leasing needs of mid- to large-sized businessesthroughout Switzerland. We look forward to working with Key EquipmentFinance's leasing experts to fulfill the increasing demand forflexible leasing options from our new and existing customers."

About UBS Leasing

UBS Leasing, a UBS subsidiary headquartered in Zurich with officesin Lausanne and Lugano, is specialized in financial leasing of mobilecapital equipment and refinancing of tenancy agreements. UBS Leasingis one of the leading financial companies in Switzerland; thecontinuous growth bears witness for the marketability and thecompetitiveness of the 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 USD12 billion equipment portfolio with annual originationsof approximately USD5 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 26 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 USD92billion. 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.