 PACCAR LEASING COMPANY PacLease offers only premium-quality Kenworth, Peterbilt and DAF vehicles, which are valued for their  reliability, superior fuel efficiency and residual values that are 15-25% higher than competitive models. In 2011,  PacLease delivered a record 6,700 Kenworth, Peterbilt and DAF vehicles to customers. PacLease is a leader with the introduction of new technologies, such as hybrid vehicles, on-board telematics  and alternative fueled vehicles. PacLease placed its 1,000$^{th}$ MX-powered truck into North American service during 2011. Kenworth and  Peterbilt vehicles with PACCAR MX engines represent 35% of all PacLease orders due to the engine’s superior  productivity, reliability and fuel efficiency. PacLease Europe operates a fleet of 4,200 trucks and trailers, adding a record 925 DAF trucks in 2011. PacLease  Europe’s expanding presence in the full-service lease segment enabled DAF to achieve a record share of the  German truck market in 2011. The PacLease fleet is comprised of only premium-quality Kenworth, Peterbilt and DAF vehicles, which are valued for their  reliability, superior fuel efficiency and residual values that are 15-25% higher than competitors’ models. PACCAR Leasing achieved a record profit contribution in 2011, increased its worldwide  network to 500 full-service lease locations and is expanding into Central Europe. The  PacLease fleet totals over 32,000 vehicles.