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LOS ANGELES — Seen as another way to extend its pattern of
record growth, Westlake Financial Services revealed this week that it secured a
$200 million commercial paper conduit through Royal Bank of Scotland.

Westlake also highlighted JP Morgan recently joined with RBS
to increase the credit facility by an additional $100 million, raising total
capacity to $300 million.

Westlake chief financial officer Paul Kerwin explained that
the RBS commercial paper conduit was executed last December and represented a
significant increase to Westlake's overall operating capital. 

Kerwin indicated that JP Morgan joined with RBS to increase
the facility by $100 million, a move executed on July 26.

"Westlake Financial Services is pleased to announce this new
partnership with Royal Bank of Scotland and JP Morgan. We appreciate the
confidence these two well-regarded giants in the industry have shown in us," Kerwin
said.

"With this new source of liquidity, Westlake is extremely
well positioned to expand and continue the record growth that we have been
experiencing since our incorporation 25 years ago," he continued.

Westlake president Ian Anderson added, "Strong financial
partners like RBS, JP Morgan, Wells Fargo, and others are the key to Westlake's
expanding portfolio of services.

"We have nearly doubled our sales rep force since last year,
expanded our consumer finance and portfolio services divisions, as well as
entered into new areas like flooring (with Westlake Flooring Services),"
Anderson went on to say. "The future looks bright and we look forward to our
continuing partnership."