DVI Closes $462 Million Asset-Backed Securitization; Single Largest Transaction in DVI History.

Business Editors

JAMISON, Pa.--(BUSINESS WIRE)--Nov. 14, 2002

DVI, Inc. (NYSE:DVI) announced the successful completion of a $462 million equipment lease asset-backed securitization.

The transaction is the largest transaction in the Company's history. To date, DVI has completed 31 asset-backed securitizations, and since the initial transaction in 1991, the Company has placed $4.8 billion of such asset-backed notes in the market. The securitized assets are comprised of loans and leases secured by medical equipment.

Michael A. O'Hanlon, president and chief executive officer of DVI, said, "We are pleased with the successful completion of this record-setting securitization. It confirms our belief that investors recognize the value of our healthcare assets. The asset-based securitization market allows DVI to add significant value for its clients in their effort to meet the demand for new technology in the $1.3 trillion healthcare sector. With our singular focus on the burgeoning healthcare industry, we continue as a powerful force in the specialty finance industry."

This transaction was led by Merrill Lynch & Co. and co-managed by Banc of America Securities LLC, Banc One Capital Markets, Inc. and Nomura Securities International, Inc. Both Moody's Investor Service, Inc and Fitch, Inc. rated each of the securitization classes of notes, with 88% of the notes rated AAA or its equivalent and 95% of the notes rated investment grade.

Steven R. Garfinkel, executive vice president and chief financial officer, commented, "We are especially pleased with this transaction and together with an earlier transaction, it made 2002 a record year with $917 million placed. This transaction was completed during a period impacted by several market distractions, including the political elections and Federal Reserve Bank action on interest rates. This reconfirms our favorable opinion regarding the stability and reliability of the ABS market, which continues to be a cornerstone in our financing structure. This new milestone transaction completes the cycle for our securitizations for this calendar year and offers DVI early momentum for 2003."

DVI is an independent specialty finance company for healthcare providers worldwide with $2.7 billion of managed assets. DVI extends loans and leases to finance the purchase of diagnostic imaging and other therapeutic medical equipment directly and through vendor programs throughout the world. DVI also offers lines of credit for working capital backed by healthcare receivables in the United States.

Additional information is available at www.dvi-inc.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Any statements contained in this press release which are not historical facts are forward-looking statements. Such statements are based upon many important factors, which may be outside the Company's control, causing actual results to differ materially from those suggested. Such factors include, but are not limited to, changes (legislative and regulatory) in the healthcare industry, demand for DVI's services, pricing, market acceptance, the effect of economic conditions, litigation, competitive products and services, corporate financing arrangements, the ability to complete transactions, and other risks identified in the Company's filings with the Securities and Exchange Commission.