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Canada's Magazine for Financing & Leasing Executives

November 11, 2013

LeasePlan Canada to open in January 2014

TORONTO--LeasePlan Corporation N.V., the world's leading fleet management and driver mobility company, announced today that it will expand its North American service offering to include Canada in January 2014. LeasePlan and the Canadian fleet management company Foss National Leasing Ltd. (FNL) have entered into a licensing agreement whereby FNL will operate its newly-formed subsidiary LeasePlan Canada.

With this agreement and formation of the new company, LeasePlan's North American reach now consists of LeasePlan USA, LeasePlan Mexico and, in 2014, LeasePlan Canada.

LeasePlan currently manages over 1.3 million vehicles and provides fleet management services in 31 countries. The ability to have a comprehensive North American solution in place solidifies LeasePlan's position as the global leader for fleet management and driver mobility.

Karen Foss, Chief Executive Officer of Foss National Leasing: "LeasePlan has a proven track record of expanding into new markets and growing to market-leading positions. LeasePlan Canada will provide innovative products, value for money and superior service to meet the needs of multinational clients, especially those with a presence across North America."

The Foss National Leasing brand and operation will continue to service the domestic Canadian fleet management market as it has for close to 50 years. Jeff Hartley will be President of both Foss National Leasing and LeasePlan Canada.

Foss National Leasing is the largest privately held fleet management company in Canada. Operating in all provinces and territories, the company provides a comprehensive range of fleet management services with a high touch approach to customer service enabling its clients to extract the highest possible value from their fleet. Visit www.fossnational.com for more information.



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