FIRSTPLUS Supports UK Loan Originations With New $160,000,000 Loan Facility

Business Wire, August 21, 1998

DALLAS--(BUSINESS WIRE)--Aug. 21, 1998--FIRSTPLUS Financial Group, Inc. (NYSE:FP) today announced that it has executed a 100,000,000 UK Pounds Sterling (approximately $160,000,000 US) one year committed facility with Deutsche Bank UK.

FIRSTPLUS Financial Group PLC, located in Cardiff, Wales, will use the facility to fund its second lien installment loans until they are securitized in the capital markets. Borrowings under the new facility are priced at Libor plus .75%.

Dan Phillips, FIRSTPLUS Chairman and CEO said, "This new credit facility is an important element in our strategy to broaden our geographic reach and establishes us in the second lien market in the United Kingdom. Equally important, this commitment builds on our relationship with Deutsche Bank and enhances FIRSTPLUS' capability to access the global capital markets for our securitization and other capital raising activities."

FIRSTPLUS Financial Group, Inc. is an international diversified specialty finance company that, through its subsidiaries, originates, purchases, services, securitizes and sells consumer finance receivables and is headquartered in Dallas, Texas.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and which involve a number of risks and uncertainties. Reference is made to the Form 8-K filed by the Company with the Securities and Exchange Commission on December 19, 1996, for a list of, and discussion with respect to, certain factors that could cause actual results to differ materially from the forward-looking statements contained herein.

    CONTACT:  FIRSTPLUS Financial Group, Inc., Dallas
               John Hauge, Group Executive
               (214) 599-6300
                                   or
               Morgen-Walke Associates, New York
               Michele Katz, Ian Hirsch
               Press: Brian Maddox, Estelle Bieber
               (212) 850-5600