FIRSTPLUS Financial Group, Inc. To List On New York Stock Exchange

Business Wire, Dec 23, 1997

DALLAS--(BUSINESS WIRE)--December 23, 1997--FIRSTPLUS Financial Group, Inc. (Nasdaq: FPFG) today announced that it has been granted conditional approval to list its common stock on the New York Stock Exchange (NYSE). Pending final approval from the NYSE, the Company expects that its shares will commence trading under the ticker symbol FP on or about January 8, 1998. Currently, FIRSTPLUS has approximately 37.2 million shares of common stock outstanding, which are traded on Nasdaq under the symbol FPFG.

Daniel T. Phillips, FIRSTPLUS' Chairman and Chief Executive Officer noted the following:

"We strive to maximize shareholder value. A

New York Stock Exchange listing is in the

best interest of both the Company and our

shareholders. We believe a New York Stock

Exchange listing will enhance the visibility

of our stock and contribute to more favorable

trading patterns."

FIRSTPLUS Financial Group, Inc. is a specialized consumer finance company, that through its subsidiaries, originates, purchases, services and securitizes consumer finance receivables, primarily home improvement and debt consolidation loans, all secured by liens on the borrower's home. FIRSTPLUS, headquartered in Dallas, has regional offices in Denver, Colorado; Holly Springs, Mississippi; Columbus, Ohio; Columbia, South Carolina; Laguna Hills, California; Salt Lake City, Utah and a network of origination branches nationwide.

CONTACT: Daniel T. Phillips,Chairman/CEO

Eric C. Green, President

William P. Benac, CFO

FIRSTPLUS FINANCIAL GROUP,INC.

214/599-6300

or

Michele Katz, Ian Hirsch

Press: Brian Maddox, Estelle Bieber

Morgan-Walke Associates

212/850-5600