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TAL International Group Announces Pricing of Common Stock Offering

PURCHASE, N.Y., Mar 31, 2011 (BUSINESS WIRE) -- TAL International Group, Inc. (the "Company") (NYSE: TAL) announced today the pricing of an underwritten public offering of an aggregate of 5,500,000 shares of its common stock at a price to the public of $36.00 per share. Of the total shares to be sold, the Company intends to sell 2,500,000 shares of common stock and certain stockholders of the Company intend to sell an aggregate of 3,000,000 shares of common stock. The selling stockholders have granted the underwriters an option for 30 days to purchase up to an aggregate of 825,000 additional shares of common stock to cover overallotments, if any. The closing of the offering is subject to customary closing conditions. The Company intends to use the proceeds from its sale of shares for general corporate purposes, including, but not limited to, purchasing containers and making other capital expenditures and for general working capital purposes. The Company will not receive any proceeds from the sale of shares by the selling stockholders.

BofA Merrill Lynch, J.P. Morgan and Wells Fargo Securities acted as joint book-running managers for the offering.

The shares of common stock are being offered and sold pursuant to a shelf registration statement filed with the Securities and Exchange Commission ("SEC"). A copy of the final prospectus supplement and related base prospectus for the offering will be filed with the SEC. Copies of the final prospectus supplement and the related base prospectus may be obtained, when available, by visiting EDGAR on the SEC's website, www.sec.gov. Alternatively, copies of the final prospectus supplement and the related base prospectus may be obtained, when available, by contacting: BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, attention: Prospectus Department, email: dg.prospectus_requests@baml.com; J.P. Morgan, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, phone: (866) 803-9204 or Wells Fargo Securities, attention: Equity Syndicate Department, 375 Park Avenue, New York, NY 10152, phone: (800) 326-5897, email: cmclientsupport@wellsfargo.com.

This press release is for informational purposes only and is not an offer to sell or the solicitation of an offer to buy any security of the Company nor will there be any sale of any such security in any jurisdiction in which such offer, sale or solicitation would be unlawful. Any offer for shares of the Company's common stock will be made only by means of a prospectus supplement and related base prospectus or by a free writing prospectus in accordance with SEC rules.

About TAL International Group, Inc.

TAL is one of the world's largest lessors of intermodal freight containers and chassis with 18 offices in 11 countries and approximately 216 third party container depot facilities in 39 countries. The Company's global operations include the acquisition, leasing, re-leasing and subsequent sale of multiple types of intermodal containers. TAL's fleet consists of approximately 856,000 containers and related equipment representing approximately 1,397,000 twenty-foot equivalent units (TEU). This places TAL among the world's largest independent lessors of intermodal containers and chassis as measured by fleet size.

Important Cautionary Information Regarding Forward-Looking Statements

Statements in this press release regarding the proposed offering by TAL International Group, Inc. and certain selling stockholders of shares of TAL's common stock and the anticipated use of proceeds therefrom are not historical facts and are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Readers are cautioned that these statements involve risks and uncertainties, are only predictions and may differ materially from actual future events or results. For a discussion of such risks and uncertainties, see TAL's security filings, including its Annual Report on Form 10-K for the year ended December 31, 2010, which are available free of charge on the SEC's web site at www.sec.gov.

SOURCE: TAL International Group, Inc.

TAL International Group, Inc.
Jeffrey Casucci, 914-697-2900
Vice President
Treasury and Investor Relations