s.

OBI
OBI is the leading brand in the German and European DIY retail sector.de/de

W. LLC and W.

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Each plant produces both electricity and heat. Polk Carey, Founder and Chairman of W.S. This financing has enabled
OBI to focus on its retailing business while realizing the value of its real
estate assets.4 billion in
assets.com/finance.

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Dougherty added that the transaction
is expected to yield net cash proceeds for PSEG of approximately $300 million
after taxes and transaction costs. It's principal
subsidiaries include PSEG Energy Holdings, which invests in electric and gas
distribution systems and generation companies in the USA and around the world;
PSEG Power which owns and operates more than 16,000 MW in the USA; and PSE+G,
a gas and electric distribution company in New Jersey, USA. Neither Exelon nor PSEG undertakes any obligation to
publicly release any revision to its forward-looking statements to reflect
events or circumstances after the date of this communication. P. OBI is the
fourth largest DIY retailer in the world and employs approximately 30,000
people worldwide. According to
a survey by the institute TNS Infratest, OBI is among the best-known brands in
Germany with a supported brand awareness of 98%. Acting as principals in transactions from $5 million to
$500 million , W.

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Increasingly, companies throughout Europe are recognizing the
inherent benefits of sale-leaseback transactions and the advantages this type
of financing provides to growing businesses. LLC
+1 212 492 8989
critter@wpcarey.

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CEZ distributes
its electricity to regional electric companies in the Czech Republic, and also
operates electric companies in the Czech Republic, Bulgaria and Romania
(approximately 6.

P.
Individuals interested in receiving future updates on W.com
http://www.

rusyn bulgarian

Forward-Looking Statements
This communication includes "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995. There are a number of risks and uncertainties
that could cause actual results to differ materially from the forward-looking
statements made herein. Carey's Continued Expansion Across Europe

NEW YORK, W.com/cgi-bin/prnh/20060316/NYTH012-a
http://www.

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These
forward-looking statements include, for example, statements regarding benefits
of the proposed merger of Exelon and PSEG, integration plans, and expected
synergies, anticipated future financial and operating performance and results,
including estimates for growth.

W. P. Carey to Acquire 18 OBI Facilities in Poland in $200 Million Sale-Leaseback

P. Carey + Co.

This press release contains forward-looking statements within the meaning
of the Federal securities laws.

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Its two, state-of-the-art circulating fluidized bed boilers
produce 220 Mws of electricity and supply heat to nearby municipalities. 333 -122704).
The transaction represents W. We are delighted to
embark upon our long-term partnership with OBI. We chose the
sale-leaseback alternative with W. The W.

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P.newscom. Carey because it made the most sense for
our business strategy and will allow us to concentrate on our core
competencies rather than our real estate. P. P.com

Johanna Meessen
OBI
+49 2196 76 15 09
johanna.

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Financing Will Enable OBI to Further Expand Operations Throughout Central and
Eastern Europe

Represents W.

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This amount will be in excess of book
value. sale-leaseback financing arena for
over thirty years, and approximately ten years in Europe. Carey International, said, "This
transaction represents a significant step forward in W. P.6 billion. The share of foreign sales was 30%. P.

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, (CEZ Power Company or CEZ) of Prague, Czech
Republic. CEZ is the largest electric power
company in Central and Eastern Europe and has in recent years made major
acquisitions in both Rumania and Bulgaria.
Carey has been a leading player in the U. Carey + Co.

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Closing and funding is expected to occur in the second quarter of
this year.

newscom. P. P.8 million meters square). P. Whether used for buyouts, add-on
acquisitions, recapitalizations or growth, net lease financing provides access
to 100% of the real estate's value enabling companies to maintain complete
operational control. Carey and its affiliates have committed approximately
$3 billion over the last three years and now manage more than $7.

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PSEG Global to Sell Skawina and Elcho Power Plants to CEZ

The 590 Mw Skawina power plant is fired by coal and biomass and produces
approximately 2. The plant also
supplies heat and hot water to the city of Skawina and the western part of
Krakow.
CEZ, the dominant Czech power producer and supplier, is the largest
company listed on the Prague stock exchange. The Skawina and Elcho plants will
be CEZ's first investment in Poland.

CEZ (PSE: CEZ) generates and distributes electricity. Carey International
LLC , an affiliate of investment firm W.com/cgi-bin/prnh/20060316/NYTH012LOGO-b
http://www .
Carey is entering into this transaction on behalf of CPA(R):15 and CPA(R):16 -
Global, both members of the $7.4 billion W."
This latest acquisition adds to W. CAREY + CO.

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AMSTERDAM, Netherlands , PSEG Global, a subsidiary
of Public Service Enterprise Group (PSEG) of Newark, NJ announced today the
execution of agreements for the sale and purchase of PSEG Global's Dutch
holding companies , which hold majority interests in the Polish power plants,
Elcho and Skawina, to CEZ a.
The closing of the transaction will be subject to the satisfaction of
customary conditions precedent including lender and regulatory consents and
the issuance of final audited financial results for 2005 for the two plants. We are pleased to have completed
this transaction and look forward to a future relationship with W. LaPuma, President of W. A number of factors could cause the company's
actual results, performance or achievement to differ materially from those
anticipated.

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Skawina and Elcho are located in southern Poland, near the cities of
Katowice and Krakow, respectively, and relatively close to the Czech border. A discussion of some of these risks and uncertainties,
as well as other risks associated with the proposed merger, is included in the
definitive joint proxy statement/prospectus that Exelon filed with the
Securities and Exchange Commission on June 3, 2005 under Rule 424(b)(3 )
(Registration No. W. Carey International LLC
specialize in helping companies and private equity firms realize the capital
tied up in their real estate assets.

PRESS CONTACTS:
Curt Ritter
W.wpcarey.meessen@obi.

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P. P. We are pleased to be a part of
OBI's first significant sale-leaseback and to assist with the Company's
continuing expansion across Central and Eastern Europe . KG, (Germany); Integrated Distribution Systems
(Thailand); Advanced Decorative Systems (UK); John Nurminen Oy (Finland);
Metokote Corporation (Canada and Mexico) and Murray International Metals
Limited (UK).com/alerts.com/MediaKit

Stephanie Highett
Financial Dynamics
+44 0 20 7269 7160
Stephanie.

prominent pomor

"The sale of our interests in the two facilities is part of a publicly
announced and ongoing program of selectively reducing corporate exposure to
international markets when attractive opportunities are available," said
Robert Dougherty, president, PSEG Energy Holdings, the parent of PSEG Global,
and itself a direct subsidiary of PSEG.
The Elcho plant is located in Chorzow and was developed and constructed
under Global's direction. Carey's rapidly growing portfolio of
managed properties throughout Europe and Asia, which consists of more than 16
million square feet (4.
Apart from the Czech Republic, Slovenia, Poland, Hungary, Bosnia-Herzegovina
and Russia, OBI is also present in Italy, Austria and Switzerland. LLC
Founded in 1973, W .de

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When the deal closes, CEZ will indirectly own approximately 75% of
Skawina and 89 % of Elcho. P., said, "W.

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The transaction is expected to close March 30, 2006.newscom. http://www. P . Carey via
e-mail can register at http://www.

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8 Twh of electricity annually.

PSEG (NYSE: PEG) is a diversified energy company. The company
operates fossil fuel fired, hydroelectric and nuclear power plants in the
Czech Republic (total installed capacity exceeds 12,000 MW).6 million customers in total). Carey Group.
Wm. P."
Edward V. Carey's European
growth strategy .

slavic slovio

It sells electricity to a
number of local distribution and trading companies in Poland. Carey + Co.com/cgi-bin/prnh/20060316/NYTH012LOGO-c )
The 18 facilities are located throughout Poland and include 15 existing
retail stores including the Polish headquarters in Warsaw, two stores under
construction and one build-to-suit retail site. Carey's continuing growth into the
European marketplace on behalf of its managed Corporate Property Associates
(CPA(R)) series of income generating real estate investment funds. CPA(R):16 - Global
will own 25% of the portfolio, while CPA(R):15 will own the remaining 75%. Carey. Carey Group has
completed recent transactions with: Carrefour (France); Hellweg Die
Profi-Baumarkte GmbH + Co. As of December 31, 2005, the OBI stores recorded overall
sales worth EUR 6. P. For further information on factors that could impact the
company, reference is made to the company's filings with the Securities and
Exchange Commission. P.

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wpcarey. Among those risks , trends and uncertainties are the general
economic climate; the supply of and demand for office and industrial
properties; interest rate levels; the availability of financing; and other
risks associated with the acquisition and ownership of properties, including
risks that the tenants will not pay rent , or that costs may be greater than
anticipated.

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Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as of the date
of this communication. LLC (NYSE: WPC),
announced today that it has entered into agreements to acquire and lease back
18 facilities from OBI AG, the fourth largest Do-It-Yourself (DIY) retailer in
the world, for a total purchase price that is expected to be approximately
$200 million.
(Photo: http://www. P. In an effort to achieve
these goals we reviewed several corporate financing options. http://www. Carey + Co.wpcarey .Highett@fd.

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The facility achieved commercial operations in
November, 2003. PSEG has announced
its intention, following regulatory approvals, to merge with Exelon
Corporation of Chicago, Illinois . Currently, OBI operates stores
in Austria, Bosnia-Herzegovina, the Czech Republic, Germany, Hungary , Italy,
Poland, Russia, Slovenia, and Switzerland. OBI plans to use these funds to
further expand its footprint throughout Central and Eastern Europe."
Sergio Giroldi, CEO of OBI said, "We are committed to growing our
operations throughout Central and Eastern Europe. P.obi.

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