McGrath RentCorp announced its President and CEO, Dennis C. Kakures, will be on medical leave of absence due to a stroke, effective immediately. At the present time, it is too soon to know the course and timing of Mr. Kakures'recovery. In respect of Mr. Kakures privacy, no additional details or updates will be provided at this time.

The McGrath Board of Directors has established an Interim Office of the Chief Executive Officer (the CEO Office) during Mr. Kakures absence, which will report to the full Board of Directors. The CEO Office is comprised of Chairman of the Board, Ronald Zech; Director, Robert C. Hood; Director, Elizabeth A. Fetter; Chief Operating Officer, Joseph F. Hanna; and Chief Financial Officer, Keith E. Pratt.