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Key Equipment Finance Names John Evans Executive Vice President, Managing Director of International Operations

Superior, CO, October 24, 2007 – Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp (NYSE: KEY), announces the appointment of John Evans to executive vice president and managing director of international operations. In this role, Evans will oversee all of Key Equipment Finance’s activities in Europe, Canada and Asia Pacific, with a focus on streamlining the company’s technologies and processes across these regions to give clients the full breadth of products and services.

“John is uniquely qualified for this expanded role based not only on his knowledge and understanding of the organization in the United States and abroad,” said Adam D. Warner, president of Key Equipment Finance,“but also through his proven track record leading and motivating teams to achieve corporate objectives.”

With the new position, Evans will relocate in early 2008 to the United Kingdom to be based out of the company’s Ascot office.

Evans joined Key Equipment Finance as European portfolio manager in the United Kingdom in 1997 and was named vice president, European commercial operations in 2000. He accepted an expatriate assignment in 2002 as senior vice president, global finance and treasury, at Key Equipment Finance’s worldwide headquarters in Superior, Colo. He was appointed senior vice president, integration and technology, in 2004, and in 2006 became managing director and executive vice president of the company’s Asia Pacific business, located in Sydney, Australia.

Evans earned his bachelor of arts degree, with first class honors, from the University of Greenwich in London, England.

About Key Equipment Finance
Key Equipment Finance is an affiliate of KeyCorp (NYSE: KEY) and provides business-to-business
equipment financing solutions to businesses of many types and sizes. They focus on four distinct 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 organisations; and
  • lease advisory services for manufacturers’ captive leasing and finance companies.

Headquartered outside Boulder, Colorado, Key Equipment Finance manages a $13.1 billion equipment portfolio with annual originations of approximately $6.4 billion. The company has major management and operations bases in Toronto, Ontario; Albany, New York; Chicago, Illinois; London, England; and Sydney, Australia.The company, which operates in 26 countries and employs 1,100 people worldwide, has been in the equipment financing business for more than 30 years. Additional information regarding Key Equipment Finance, its products and services can be obtained online at www.KEFonline.com.

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $94 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.

 
 

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