Saturn Credit Card Available

FOR RELEASE: May 16, 2002

Saturn To Offer Own Credit Card

Household to manage program for Saturn retail stores nationwide

Detroit - Saturn Corporation and its retailers are offering their customers a new option for financing vehicle accessories, service and parts through a Saturn credit card.

The Saturn Card, which will be available in June, can be used at participating Saturn retailers nationwide. Qualifying customers will be able to simply finance parts and accessories purchases and receive special product and financing offers from Saturn retailers. Saturn has 438 retail stores across the U.S.

"The Saturn Card is a natural addition to our unique customer sales and service experience," said Jill Lajdziak, vice president of Saturn sales, service, and marketing. "We continually look for ways to do more for our customers. We expect consumers will appreciate having a convenient way to pay for items for their vehicles, like personalization and customization accessories which have become very popular."

Household's retail services business, part of Household International - the $112 billion (managed assets) consumer lender - will manage the new private label credit card program for Saturn and its retailers. The Saturn Card extends the Household-GM relationship, which began with the 1992 launch of the GM Card, a program that now has over six million members.

"Household's retail services business works with companies to develop customized solutions to help them attract new customers and build consumer loyalty," said Sandy Derickson, managing director and CEO of Household's retail services business. "We're very pleased to extend that service to Saturn, which is leading the industry through this innovative consumer credit card."

"Like other Saturn retail initiatives, the Saturn Card was developed in partnership with Saturn retailers," said Scott MacGirr, Saturn retail strategies manager. "Several months ago, a Saturn retailer suggested the concept because of the financial flexibility it offers. The card builds on our tradition of providing programs with real value for our customers."

About Saturn Corporation
Saturn Corporation entered the automotive market in 1990, bringing a new level of customer service to automotive retailing. Saturn and its retailers, represented by 438 facilities, share a strong focus on customer service. Saturn retailers currently rank number one in the J.D. Power & Associates customer sales satisfaction survey. More information on Saturn can be found at www.Saturn.com.

About Household
Household's businesses are leading providers of consumer loan, credit card, auto finance and credit insurance products in the United States, United Kingdom and Canada. In the United States, Household's largest business, founded in 1878, operates under the two oldest and most widely recognized names in consumer finance - HFC and Beneficial. Household is also one of the nation's largest issuers of private-label and general-purpose credit cards, including The GM Card® and the AFL-CIO's Union Plus® card. For more information, visit the company's Web site at http://www.household.com.