Genesis Lease

Genesis Lease Declares Dividend on Its Common Shares

Wednesday 25 February 2009

SHANNON, Ireland, Feb. 25 -- Genesis Lease Limited (NYSE: GLS) announced that its Board of Directors declared a dividend of $0.10 per outstanding Common Share for the fourth quarter of 2008. The dividend is payable on March 23, 2009 to shareholders of record as of the close of business on March 11, 2009.

About Genesis Lease Limited

Genesis Lease Limited is a global commercial aircraft leasing company that is headquartered in Shannon, Ireland. Genesis acquires and leases modern, operationally efficient passenger and cargo jet aircraft to a diverse group of airlines throughout the world. Genesis leverages the worldwide platform of GE Commercial Aviation Services Limited, or GECAS, to service its portfolio of leases.

Genesis's common shares, in the form of American Depositary Shares, are listed on the New York Stock Exchange under the symbol "GLS."

GLS-F

    Contact Information

    For further information please contact:

    Alan Jenkins
    Chief Financial Officer
    Genesis Lease Limited
    Shannon, Ireland
    Tel: +353-61-233-300
    alan.jenkins@genesislease.com

    Jeffrey Goldberger
    KCSA Worldwide
    New York, NY 10017
    Tel: +1-212-896-1249
    jgoldberger@kcsa.com