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AAMES DECLARES STOCK SPLIT

 LOS ANGELES, April 5 /PRNewswire/ -- The board of directors of Aames Financial Corp. (NASDAQ: AAMS) today declared a 4-for-3 split of the company's common stock, payable May 3, 1993, to stockholders of record April 19, 1993. At Dec. 31, 1992, Aames had approximately 3.3 million shares outstanding.
 "Increasing Aames' outstanding shares to achieve greater liquidity for the stock has been an important goal for the company," said Gary K. Judis, chairman, president and chief executive officer. "We see this as a particularly opportune time based on the record- breaking performance our subsidiary, Aames Home Loan, has been enjoying."
 Judis noted that Aames' loan originations surpassed $16 million in March, the highest level in the company's 39-year history. The company's loan servicing portfolio now exceeds one-quarter of a billion dollars, also a record. Aames recently completed the sale of a $15 million pool of its mortgages for sale through a securitized offering; this represents the largest of four such transactions the company has consummated.
 Aames is expected to announce in late April results for its third quarter and nine months ended, March 31, 1993.
 Aames Financial Corp.'s subsidiary, Aames Home Loan, has arranged equity-backed first and junior trust deed financing since 1954. The company operates 24 offices throughout California.
 -0- 4/5/93
 /CONTACT: Gregory J. Witherspoon of Aames Financial, 213-351-6100; or Roger S. Pondel or Cecilia A. Wilkinson of Pondel Parsons & Wilkinson, 310-207-9300, for Aames Financial/
 (AAMS)


CO: Aames Financial Corp. ST: California IN: FIN SU:

BP-KJ -- LA002 -- 2890 04/05/93 09:01 EDT
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Publication:PR Newswire
Date:Apr 5, 1993
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