Cash America Completes Acquisition of 34 Pawn Lending Locations in Georgia and North Carolina

  Cash America Completes Acquisition of 34 Pawn Lending Locations in Georgia
  and North Carolina

Business Wire

FORT WORTH, Texas -- December 18, 2013

Cash America International, Inc. (NYSE:CSH) announced today that it has
completed the acquisition of a chain of 34 pawn lending locations in the
States of Georgia (31 locations) and NorthCarolina (three locations). These
stores were owned by PawnMart, Inc. and operate primarily under the PawnMart
brand in both markets. Cash America previously announced that it had signed a
definitive agreement in connection with the acquisition in August 2013, with
the intention of completing the acquisition during the fourth quarter of 2013.
After completion of the transaction, Cash America operates 48 locations in
Georgia and 20 locations in North Carolina.

Management expects that the acquisition will be immediately accretive to
earnings; however, the incremental earnings from the additional operating
locations will not materially affect its expectations, published October 24,
2013, for the final quarter of fiscal 2013, which included the anticipated
benefit of the acquisition.

The aggregate purchase consideration for the PawnMart acquisition was
approximately $61 million. The full amount of the consideration was paid in
cash and funded through borrowings under Cash America’s line of credit.

About the Company

As of September 30, 2013, Cash America International, Inc. (the “Company”)
operated 995 total locations offering specialty financial services to
consumers, which included the following:

  *860 lending locations in 22 states in the United States primarily under
    the names “Cash America Pawn,” “SuperPawn,” “Cash America Payday Advance,”
    and “Cashland;”
  *47 pawn lending locations in central and southern Mexico under the name
    “Cash America casa de empeño;” and
  *88 check cashing centers (all of which are unconsolidated franchised check
    cashing centers) operating in 13 states in the United States under the
    name “Mr. Payroll.”

Additionally, as of September 30, 2013, the Company offered consumer loans
over the Internet to customers:

  *in 32 states in the United States at http://www.cashnetusa.com and
    http://www.netcredit.com;
  *in the United Kingdom at http://www.quickquid.co.uk, and
    http://www.poundstopocket.co.uk;
  *in Australia at http://www.dollarsdirect.com.au; and
  *in Canada at http://www.dollarsdirect.ca.

For additional information regarding the Company and the services it provides,
visit the Company’s websites located at:

http://www.cashamerica.com         http://www.poundstopocket.co.uk
http://www.enova.com                     http://www.dollarsdirect.com.au
http://www.cashnetusa.com                http://www.dollarsdirect.ca
http://www.netcredit.com                 http://www.goldpromise.com
http://www.cashlandloans.com             http://www.mrpayroll.com
http://www.quickquid.co.uk
                                         

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995

This release contains forward-looking statements about the business, financial
condition, operations and prospects of the Company. The actual results of the
Company could differ materially from those indicated by the forward-looking
statements because of various risks and uncertainties including, without
limitation: the effect of or changes in domestic and foreign pawn, consumer
credit, tax and other laws and governmental rules and regulations applicable
to the Company's business or changes in the interpretation or enforcement
thereof; the regulatory and examination authority of the Consumer Financial
Protection Bureau in the U.S. and the UK Financial Conduct Authority which
will become the Company’s primary regulator in the UK in 2014; public
perception of the Company’s business, including its consumer loan business and
its business practices; changes in the political, regulatory or economic
environment in foreign countries where the Company operates or in the future
may operate; the Company’s ability to process or collect consumer loans
through the Automated Clearing House system; fluctuations, including a
sustained decrease, in the price of gold or deterioration in economic
conditions; the effect of any current or future litigation proceedings or any
judicial decisions or rule-making that affect the Company, its products or its
arbitration agreements; the actions of third parties who provide, acquire or
offer products and services to, from or for the Company; changes in demand for
the Company’s services, the Company’s ability to attract and retain qualified
executive officers; a prolonged interruption in the Company’s operations of
its facilities, systems and business functions, including its information
technology and other business systems; the ability of the Company to open new
locations in accordance with its plans or to successfully integrate newly
acquired businesses into the Company’s operations; changes in competition;
interest rate and foreign currency exchange rate fluctuations; changes in the
capital markets; changes in the Company’s ability to satisfy its debt
obligations or to refinance existing debt obligations or obtain new capital to
finance growth; security breaches, cyber attacks or fraudulent activity;
compliance with laws and regulations applicable to international operations;
the implementation of new, or changes in the interpretation of existing,
accounting principles or financial reporting requirements; acts of God, war or
terrorism, pandemics and other events; the effect of any of such changes on
the Company’s business or the markets in which it operates; and other risks
and uncertainties indicated in the Company’s filings with the Securities and
Exchange Commission. These risks and uncertainties are beyond the ability of
the Company to control, nor can the Company predict, in many cases, all of the
risks and uncertainties that could cause its actual results to differ
materially from those indicated by the forward-looking statements. When used
in this release, terms such as “believes,” “estimates,” “should,” “could,”
“would,” “plans,” “expects,” “anticipates,” “may,” “forecasts,” “projects” and
similar expressions and variations as they relate to the Company or its
management are intended to identify forward-looking statements. The Company
disclaims any intention or obligation to update or revise any forward-looking
statements to reflect events or circumstances occurring after the date of this
release.

Contact:

Cash America International, Inc.
Thomas A. Bessant, Jr., 817-335-1100
 
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