May 3, 1997


DEAR FELLOW SHAREHOLDER:

You are  cordially  invited  to attend  PLM  International's  Annual  Meeting of
Shareholders to be held on Tuesday,  June 10, 1997 at 1:00 p.m. Pacific Time, in
the A.P.  Giannini  Auditorium,  Concourse  Level,  555 California  Street,  San
Francisco, California.

At this year's Meeting,  your Board of Directors is  recommending  that you vote
FOR PLM  International's  two nominees to the Board of  Directors.  PLEASE SIGN,
DATE AND MAIL THE ENCLOSED WHITE PROXY CARD IN THE POSTAGE PAID RETURN  ENVELOPE
TODAY, EVEN IF YOU EXPECT TO ATTEND THE ANNUAL MEETING IN PERSON.

As you may be aware, a dissident group has submitted five shareholder proposals.
Your Board of Directors recommends a vote AGAINST these proposals.

Our  letter  dated May 1,  1997  provided  you with an  overview  of the  recent
developments  concerning the Annual  Meeting and provided a brief  discussion of
our strategic business plan to maximize shareholder value.

                      OUR PLAN FOR THE FUTURE IS SOLID AND
                       IS ALREADY SHOWING POSITIVE RESULTS

Thank  you for your  prompt  attention  to this  important  matter  and for your
continued support.

Sincerely,



/S/ ROBERT N. TIDBALL
- --------------------------------
ROBERT N. TIDBALL
President and Chief Executive Officer


            PLEASE SIGN, DATE AND MAIL THE ENCLOSED WHITE PROXY CARD
                   IN THE POSTAGE PAID RETURN ENVELOPE TODAY,
           EVEN IF YOU EXPECT TO ATTEND THE ANNUAL MEETING IN PERSON.