AmeriCredit Expands Warehouse Capacity by $1.1 Billion to $3.6 Billion.

Business Editors

FORT WORTH, Texas--(BUSINESS WIRE)--July 10, 2001

AMERICREDIT CORP. (NYSE: ACF) announced today that it has increased the borrowing capacity available under its credit agreements from $2.5 billion to $3.6 billion by adding or expanding the following facilities:

- A new $750 million structured medium term note financing, insured by MBIA
Insurance Corporation, was added and matures in June 2004.

- A new $200 million structured warehouse facility, with Bank One as agent, was
added and matures in May 2002.

- An existing structured warehouse facility, with JP Morgan/Chase as agent, was
increased by $100 million to $625 million. This facility matures in September
2001.

- An existing structured warehouse facility, with Credit Suisse First Boston as
agent, was increased by $100 million to $500 million. This facility matures in
March 2002.

- An existing $500 million structured warehouse facility, with Deutsche Bank AG
as agent, was renewed and now matures in June 2002.

- An existing $300 million structured warehouse facility, with Barclays Bank
PLC as agent, was renewed and now matures in June 2002.

AmeriCredit also has $750 million of other structured warehouse facilities including a $500 million structured medium term note financing insured by MBIA Insurance Corporation which matures in December 2003 and a $250 million structured warehouse facility, with Bank of America as agent, which matures in September 2001. The Company uses its warehouse facilities to finance the purchase of automobile receivables prior to securitization.

AmeriCredit is the largest independent middle market automobile finance company in North America specializing in purchasing and servicing automobile loans. AmeriCredit maintains a Web site at www.americredit.com that contains further information on the Company.