CAI International board approves new stock repurchase program Under the Program, CAI is authorized to repurchase up to one million five hundred thousand shares of its outstanding common stock from time to time and at prices considered appropriate by the company depending upon share price and prevailing economic and market conditions. The stock repurchases may be made in the open market, block trades or privately negotiated transactions. The primary purpose of the Program is to allow CAI the flexibility to repurchase its common stock to return value to stockholders. The number of shares of common stock actually acquired, if any, by CAI will depend on subsequent developments, corporate needs and market conditions. The Program is effective immediately, and may be suspended or discontinued at any time. This Program supersedes and replaces the prior stock repurchase program authorized in 2011 for the repurchase of up to one million shares of common stock.