Dollar Financial Group, Inc. Announces New Marketing Relationship for Short-term Consumer Loan Program and Amended Credit Facility

Business Wire, June 11, 2002

Business Editors

BERWYN, Pa.--(BUSINESS WIRE)--June 11, 2002

Dollar Financial Group, Inc. ("Dollar") today announced that it had entered into an arrangement to originate CASH 'TIL PAYDAY(R) loans for County Bank of Rehoboth Beach, Delaware, and that it had amended its credit agreement with Wells Fargo Bank, N.A.

Dollar will immediately commence originating and servicing CASH 'TIL PAYDAY(R) loans for County Bank. The County Bank loan product will ultimately replace, in most states, the Eagle National Bank loans formerly marketed by Dollar. County Bank is a leading provider of short-term small consumer loans through retail agency relationships throughout the United States.

Under the terms of the agreement signed by the parties yesterday, Dollar will make County Bank loans available through Dollar-owned stores and third-party fax locations in more than (30) states. Dollar will also provide collection and loan servicing functions to County Bank through Dollar's operations center in Salt Lake City, Utah.

Commenting on the County Bank relationship, Jeffrey A. Weiss, Chairman of the Board of Dollar, said, "Short-term loans are important to our customers and an important line of business for Dollar. Our new agreement with County Bank provides a stable platform on which we can grow and improve our domestic short-term loan business. We are excited about working with County Bank to provide more and better credit solutions to our U.S. customers." Mr. Weiss continued, "While the conversion to County Bank will test our operational resources and may result in some near-term softening of loan volume in the U.S., we do not anticipate that ultimate volume or revenue from the County Bank program will differ materially from current levels."

Effective June 3, 2002, Dollar also amended its Credit Agreement with Wells Fargo Bank, N.A. to reduce the total facility from $85 million to $80 million. A portion of the new credit facility will be available as seasonal working capital. In connection with the amendment, certain of Dollar's financial covenants, formerly the subject of waivers, were relaxed permanently through June 30, 2004. Dollar expects that the amended facility will provide ample liquidity and financial flexibility for the foreseeable future.

Dollar is an international consumer financial services company with locations in the United States, Canada, the United Kingdom and Australia.

This release may contain certain forward-looking statements regarding Dollar's expected performance for future periods. Actual results for such periods may materially differ. Such forward-looking statements involve risks and uncertainties, including risks related to depository institutions and of changing market conditions in the overall economy and the industry, consumer demand, the opening of new stores, the success of Dollar's acquisition strategy and other factors detailed from time to time in Dollar's annual and other reports filed with the Securities and Exchange Commission.