Textron Financial Canada Limited Acquires $66 Million Canadian Golf Portfolio

Move Cements Position as Canada's Leading Golf Lender

Burlington, ON – February 1, 2006 – Textron Financial Canada Limited, a unit of Textron Inc. (NYSE: TXT), announced today the acquisition of a $66 million (Canadian) portfolio of 24 golf course mortgage loans. The acquisition of this portfolio firmly ensconces Textron Financial in the Canadian golf market, while adding to a portfolio that positions the company as the world's leader in golf course finance and the industry's "Total Golf Solution" provider.

This portfolio's new home provides tremendous potential for growth and development through parent company Textron's synergistic customer offering known as the "Total Golf Solution" — a bundled package approach that allows courses to procure golf carts through E-Z-GO (a Textron company), obtain turf equipment through Jacobsen (also a Textron company), and finance the equipment, as well as mortgages, through Textron Financial Corporation. Textron Financial has provided more than $2 billion (US) in financing to the golf industry world-wide since 1989.

Textron Financial Canada Limited Vice President Chris Sharp believes the acquisition, "Demonstrates Textron Financial's commitment to the Canadian golf industry and will allow Canadian golf course owners to further benefit from the company's one-stop shop approach to fostering and providing all course needs from beginning to end. There are no other turf, car or finance companies that can match the breadth and depth of our golf service offerings."

About Textron Financial Corporation

Textron Financial is a diversified commercial finance company with over $8 billion in managed and serviced finance receivables. It has core businesses in Aviation Finance, Asset-Based Lending, Distribution Finance, Golf Finance, Resort Finance, and Structured Capital. Textron Financial also provides financing programs for products manufactured by its parent company; Textron Inc. Additional information about the company is available at www.textronfinancial.com.

About Textron

Textron Inc. is a $10 billion multi-industry company with 46,000 employees operating in 36 countries. The company leverages its global network of aircraft, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna Aircraft, Jacobsen, Kautex, Lycoming, E-Z-GO and Greenlee, among others. More information is available at www.textron.com.

 

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