Rent-A-Center, Inc. Completes Store Exchange

  Rent-A-Center, Inc. Completes Store Exchange

Business Wire

PLANO, Texas -- January 2, 2013

Rent-A-Center, Inc. (the “Company”) (NASDAQ/NGS: RCII), the nation’s largest
rent-to-own operator, today announced that it completed an exchange of stores
with easyhome Ltd., Canada’s largest merchandise leasing company and a growing
provider of financial services. The transaction, which closed on December 31,
2012, consisted of the concurrent sale by the Company of the assets and
operations of 15 rent-to-own stores located in Canada and the purchase from
easyhome of the assets and operations of 15 rent-to-own stores located in New
York. Following the transaction, the Company owns 18 stores in Canada.

“While we intend to continue focusing on improving operating efficiencies in
our remaining stores in Canada, the focus of our International segment is on
Mexico and other international markets in which we believe our products and
services would be in demand,” said Mark E. Speese, Chairman and Chief
Executive Officer of the Company. “At December 31, 2012, we owned 90 stores in
Mexico and expect to continue adding additional locations there in 2013,” Mr.
Speese concluded.

Rent-A-Center, Inc., headquartered in Plano, Texas, is the largest rent-to-own
operator in North America, focused on improving the quality of life for its
customers by providing them the opportunity to obtain ownership of
high-quality, durable goods such as consumer electronics, appliances,
computers, furniture and accessories, under flexible rental purchase
agreements with no long-term obligation. The Company owns and operates
approximately 3,140 stores in the United States, Canada, Mexico and Puerto
Rico, and approximately 960 RAC Acceptance kiosk locations in the United
States and Puerto Rico. ColorTyme, Inc., a wholly owned subsidiary of the
Company, is a national franchiser of approximately 220 rent-to-own stores
operating under the trade name of "ColorTyme." For additional information
about the Company, please visit www.rentacenter.com.

This press release and the guidance above contain forward-looking statements
that involve risks and uncertainties. Such forward-looking statements
generally can be identified by the use of forward-looking terminology such as
"may," "will," "expect," "intend," "could," "estimate," "should,"
"anticipate," or "believe," or the negative thereof or variations thereon or
similar terminology. Although the Company believes that the expectations
reflected in such forward-looking statements will prove to be correct, the
Company can give no assurance that such expectations will prove to have been
correct. The actual future performance of the Company could differ materially
from such statements. Factors that could cause or contribute to such
differences include, but are not limited to: uncertainties regarding the
ability to open new locations; the Company's ability to acquire additional
stores or customer accounts on favorable terms; the Company's ability to
enhance the performance of acquired stores; the Company's ability to retain
the revenue associated with acquired customer accounts; the Company's ability
to identify and successfully market products and services that appeal to its
customer demographic; the Company's ability to enter into new and collect on
its rental or lease purchase agreements; the passage of legislation adversely
affecting the rent-to-own industry; the Company's failure to comply with
applicable statutes or regulations governing its transactions; adverse changes
in the economic conditions of the industries, countries or markets the Company
serves; and the other risks detailed from time to time in the Company's SEC
reports, including but not limited to, its annual report on Form 10-K for the
year ended December31, 2011 and its quarterly reports on Form 10-Q for the
quarters ended March31, 2012, June 30, 2012, and September 30, 2012. You are
cautioned not to place undue reliance on these forward-looking statements,
which speak only as of the date of this press release. Except as required by
law, the Company is not obligated to publicly release any revisions to these
forward-looking statements to reflect the events or circumstances after the
date of this press release or to reflect the occurrence of unanticipated
events.

Contact:

Rent-A-Center, Inc.
David E. Carpenter, 972-801-1214
Vice President of Investor Relations
david.carpenter@rentacenter.com
 
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