Yes Car Credit

Provident Financial PLC
30 November 2004


Yes Car Credit and Messrs Newby and Prince



In advance of employment tribunal proceedings due to commence this week, Yes Car
Credit and Messrs Newby and Prince, former joint managing directors and
shareholders of Yes Car Credit, have reached a settlement.  The terms of the
settlement are confidential.


The process for determining the earn-out amount payable to the vendors of Yes
Car Credit under the terms of an acquisition agreement entered into in December
2002 is ongoing and a range of outcomes is possible.  Provident Financial's
current best estimate of the amount payable remains the £13 million already
provided.


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