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IRVING, Texas — Exeter Finance Corp., recently opened a new
servicing center that can accommodate up to 500 employees near the company's
corporate offices on John Carpenter Freeway.

Officials highlighted that approximately 150 employees have
moved to the new facility that consists of 76,061 square feet. They pointed out
Exeter has more than tripled its employee population over the last year, and
currently employs almost 600 people in its corporate office, servicing center
and 46 branches nationwide that serve dealers across the country.

"Our ability to continue to grow the company amid today's
tough economic conditions is the direct result of the hard work of our
dedicated and talented team, and the solid business platform we've put in
place," Exeter chief executive officer Mark Floyd said.

"We're focused on taking our strategy of providing local
market expertise and exceptional, personalized service to dealers in every
state," Floyd continued. We still see tremendous opportunities ahead."

Last August, Exeter was acquired by Blackstone and secured a
$600 million line of credit, which provided additional funding capacity for the
recent growth and expansion.

Exeter also completed its first rated term securitization
earlier this year, issuing $200 million in notes backed by subprime auto
installment receivables.

"Exeter differentiates itself by using a decentralized
underwriting process carried out at local branches and controlled through
centralized credit policies and a custom-scoring model," company officials
declared.

"Today, Exeter manages a portfolio of more than $500
million, an increase of more than 300 percent over the past year," they
concluded.