Nicholas Financial Announces Bank Credit Line Extension

Nicholas Financial Announces Bank Credit Line Extension

CLEARWATER, Fla., Dec. 26, 2012 (GLOBE NEWSWIRE) -- Nicholas Financial, Inc.
(Nasdaq:NICK), announced that the Company has executed an amendment to its
Bank Credit Line that extends the maturity date to November 30, 2014. All
other terms and conditions of the Company's Credit Line remain in effect.

According to Peter L. Vosotas, Chairman and CEO, "We are pleased that our
consortium of bank lenders has agreed to extend the maturity date of our
Credit Line. The Credit Line will allow us to continue our careful expansion
strategy during the next two years. Additionally, we are very pleased to
announce our 64th branch located in a suburb of Detroit, Michigan."

Founded in 1985, with assets of approximately $265,000,000 as of September 30,
2012, Nicholas Financial, Inc. is one of the largest publicly traded specialty
consumer finance companies based in the Southeast. The Company presently
operates out of 64 branch locations in both the Southeast and the Mid-West
States. The Company has approximately 12,100,000 shares of common stock
outstanding. For an index of Nicholas Financial Inc.'s news releases or to
obtain a specific release, visit our web site at

The Nicholas Financial, Inc. logo is available at

CONTACT: Ralph Finkenbrink
         Sr. Vice President, CFO
         Ph # - 727-726-0763

Nicholas Financial, Inc. Logo
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