CAI INTERNATIONAL, INC. is one of the world's leading intermodal freight container leasing and management companies. Intermodal freight containers are large, standardized steel boxes, which we lease primarily to international steamship companies, and are used to transport cargo by a number of means, including ship, truck and rail. A portion of our container fleet is owned by CAI with the balance being owned by third parties on whose behalf we manage the containers. Accordingly, we operate our business through two segments: container leasing and container fleet management. Through our international network of offices and agents we also have developed an active after-market program for containers retired from the international shipping fleet.

COMPANY HISTORY

1989  Container Applications International, Inc. (incorporated in Nevada, USA) is founded by Hiromitsu Ogawa and Roger Passal, with initial concentration on providing containers on long-term lease to international shipping line customers.

1992  Mitsui & Co., one of Japan's largest trading companies, invests in CAI replacing Roger Passal.

CAI begins offering containers under high service master lease agreements, and starts pursuing a steady, sustained, "organic" fleet growth through new container purchasing.

1993  CAI enters into its first container management agreement in which CAI manages containers owned by third party investors. Fleet at year end: 37,000 TEU's

1996  CAI's worldwide marketing office and agency network is in place. Fleet at year end: 181,000 TEU's

1998  Interpool, Inc., a major container leasing company concentrating on the long term lease market, replaces Mitsui & Co. as a 50% investor in CAI. As part of this agreement, CAI manages Interpool's container fleet as it is off-hired from expiring long-term leases. CAI shifts its strategic financial focus from owning the majority of its containers to significantly increasing the fleet of containers managed on behalf of third-party owners. Fleet at year end: 285,000 TEU's

2001  CAI begins developing its after-market network, leasing containers to the domestic storage industry and selling used containers on a wholesale and retail basis. Fleet at year end: 430,000 TEU's

2004  SKY Container Trading, a wholly-owned CAI subsidiary, is established to further develop European opportunities in the fast-growing after-market business segment. Fleet at year end: 588,000 TEU's

2006  CAI repurchases the 50% common equity interest in CAI formerly held by Interpool.

Effective November 1, 2006, Masaaki (John) Nishibori, formerly CAI's CFO, is appointed President and CEO, as Hiromitsu Ogawa assumes the role of Chairman of the Board. Fleet at year end: 668,00 TEU's

2007  Container Applications International, Inc. is re-incorporated in Delaware, USA, under a new name CAI International.