WL Ross Exercises Remaining Warrants in Greenbrier

The Greenbrier Companies, Inc.

reported that affiliates of WL Ross & Co. LLC ("WL Ross") have exercised all their remaining warrants in Greenbrier resulting in  862,400 shares of common stock  being issued in a cashless net exercise.  WL Ross subsequently sold 431,200 shares of the newly issued Greenbrier common stock and continues to own the remaining 431,200 shares.  The warrants were issued to affiliates of WL Ross in 2009 in connection with an investment in Greenbrier, and were due to expire in June 2014.  Wendy Teramoto, a partner with WL Ross, continues to serve on Greenbrier's board of directors.  Additionally, Greenbrier provides management services on nearly 4,000 railcars acquired in 2010 by WLR-Greenbrier Rail, Inc., an affiliate of WL Ross. "Our timeline for exercising the warrants, which expire in June 2014, and subsequent sale of a portion of our holdings, is consistent with the original investment goals set with Greenbrier at the outset of our investment.  We are pleased with the success of our investment and the success of Greenbrier," said Wilbur L. Ross, Jr., chairman of WL Ross.  "The current sale of shares was made to provide our limited partners liquidity