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EZCORP Affiliate, Albemarle & Bond, Announces Half-Year Results

Feb 19, 2002

EZCORP, Inc. (NASDAQ: EZPW) affiliate, Albemarle & Bond Holdings PLC ("A&B"), released its half-year results on February 11th.

For its half-year ended December 31, 2001, A&B reported operating income (operating profit) of 2.1 million British Pounds on total revenues (turnover) of 9.4 million British Pounds compared to 1.4 million British Pounds on total revenues of 7.3 million British Pounds for the half-year ended December 31, 2000. Net income (profit after tax) for the half-year increased 53% to 1.3 million British Pounds (2.8 pence per share) compared to 0.8 million British Pounds (1.8 pence per share) for the prior year period.

EZCORP President and Chief Executive Officer, Joseph L. Rotunda, stated, "The strong year-over-year improvement A&B realized in their last fiscal year has continued into the first half of their fiscal 2002. They continue to realize the benefit of maturing new stores and the success of their payday loan product. We are certainly pleased with the progress they have made and are optimistic about the potential for this strategic investment."

EZCORP owns 29% of Albemarle & Bond Holdings PLC, is its largest shareholder, and holds two of their seven board seats. Albemarle & Bond is the largest operator of pawnshops in the UK, with 50 stores, and trades on the London Stock Exchange under the symbol ABM.

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SOURCE: EZCORP, Inc.

Contact: Dan Tonissen of EZCORP, Inc., +1-512-314-2220

Website: http://www.ezcorp.com/

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