ATEL Leasing Corporation and Kalakane Capital, LLC complete $55 million operating lease for Wal-Mart Transportation, LLC and Wal-Mart Stores, Inc.

November 13, 2008 │ San Francisco, CA │ ATEL Leasing Corporation and its affiliate, Kalakane Capital, LLC, are pleased to announce the successful funding of a $55 million operating lease with Wal-Mart Transportation, LLC and Wal-Mart Stores, Inc. The leased equipment was comprised of over (900) new refrigerated trailers used at regional Wal-Mart distribution centers.

“We are extremely proud of our relationship with Wal-Mart Stores. In light of the difficulties that exist in the current financing environment, it is quite an accomplishment to successfully provide this level of competitive lease financing,” said William Bullock, Senior Vice President at ATEL Leasing Corporation. “The transaction with Wal-Mart furthers our mandate of partnering with the strongest companies in the United States to provide leases for long-lived capital equipment.”

About ATEL Leasing Corporation
For information about ATEL Leasing Corporation, contact Bill Bullock, Senior Vice President at 415-616-3493, or visit their website at www.atel.com.

About Kalakane Capital, LLC
For information about Kalakane Capital, contact Becky Hanley, Vice President and Director of Syndications at 303-221-6645, or visit their website at www.kalakane.com.

About Wal-Mart Transportation, LLC & Wal-Mart Stores, Inc. (NYSE: WMT)
Wal-Mart Transportation is the logistics arm of Wal-Mart Stores, Inc. Wal-Mart is the largest company in the world based on annual revenues. Every week, millions of customers visit Wal-Mart Stores, Supercenters, Neighborhood Markets, and Sam’s Club locations across America or log on to its online store at www.walmart.com

Media Contact:
Bill Bullock
Senior Vice President ATEL Leasing Corporation
bbullock@atel.com
415-616-3493