Cash America Completes Sale of Rent-to-Own Subsidiary

    FORT WORTH, Texas--June 20, 2002--Cash America International, Inc. announced today that it completed the sale of its subsidiary, Rent-A-Tire, Inc. Cash America initially reported its intention to sell the subsidiary in September of 2001 in conjunction with its strategy to focus exclusively on offering lending products and services to its core customers. Since then, the operating results from Rent-A-Tire have been classified as discontinued operations of Cash America. The Company received approximately $3,000,000 cash in total proceeds from the sale of Rent-A-Tire. As a result, Cash America will post a small gain from discontinued operations in the second quarter ending June 30, 2002.
    Cash America International, Inc. is a provider of specialty financial services to individuals in the United States, United Kingdom and Sweden. Cash America is the largest provider of secured non-recourse loans to individuals commonly referred to as pawn loans, through 467 locations in 18 states and two foreign countries. As an alternative to a pawn loan, the Company offers small consumer cash advances in selected lending locations and on behalf of a third-party financial institution in other locations. In addition, the Company provides check cashing services through its 135 franchised and Company-owned "Mr. Payroll" manned check cashing centers.

This release contains forward-looking statements about the business, financial condition and prospects of Cash America International, Inc. and its subsidiaries ("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, changes in demand for the Company's services, changes in competition, the ability of the Company to open new operating units in accordance with its plans, economic conditions, real estate market fluctuations, interest rate fluctuations, changes in the capital markets, changes in tax and other laws and governmental rules and regulations applicable to the Company's business, and other risks 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, and, in many cases, the Company cannot predict 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," "plans," "expects," "anticipates" and similar expressions 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.