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EZCORP Affiliate, Albemarle & Bond, Announces Interim Results

Feb 20, 2003

EZCORP, Inc. (NASDAQ: EZPW) affiliate, Albemarle & Bond Holdings PLC ("A&B"), released its half-year results on February 17th.

For its half-year ended December 31, 2002, A&B reported operating income (operating profit) of 2.5 million British Pounds on total revenues (turnover) of 10.7 million British Pounds compared to operating income of 2.1 million British Pounds on total revenues of 9.4 million British Pounds for the half- year ended December 31, 2001. Net income (profit after tax) for the half-year increased 23% to 1.6 million British Pounds (3.5 pence per share) compared to net income of 1.3 million British Pounds (2.9 pence per share) for the prior year period.

EZCORP President and Chief Executive Officer, Joseph L. Rotunda, stated, "The strong growth A&B realized with their lending products in their last fiscal year has continued into the first half of their fiscal 2003. Also, they are realizing encouraging results with their unsecured short-term loan product introduced as a test last year. We continue to be pleased with their progress and are optimistic about the potential for this strategic investment."

EZCORP owns approximately 29% of Albemarle & Bond Holdings PLC, is its largest shareholder, and holds three of their seven board seats. Albemarle & Bond is the largest operator of pawnshops in the UK, with 51 stores, and trades on the Alternative Investment Market of the London Stock Exchange under the symbol ABM.

SOURCE: EZCORP, Inc.

CONTACT: Dan Tonissen of EZCORP, Inc., +1-512-314-2289

Web site: http://www.ezcorp.com/

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