CompuCredit Corporation Completes Reorganization

ATLANTA, GA, Jun 30 (MARKET WIRE) --
CompuCredit Corporation and CompuCredit Holdings Corporation (NASDAQ:
CCRT) today announced that they have completed a reorganization
establishing CompuCredit Holdings Corporation as a Georgia holding
company.

Under a plan of reorganization approved by CompuCredit Corporation
shareholders on June 29, 2009, CompuCredit Corporation, a Georgia
corporation, became a wholly owned subsidiary of CompuCredit Holdings
Corporation, a Georgia corporation, and the former shareholders of
CompuCredit Corporation became shareholders of CompuCredit Holdings
Corporation, with the same number and percentage of shares of CompuCredit
Holdings Corporation as they held of CompuCredit Corporation.

The common stock of CompuCredit Holdings Corporation will commence trading
on the NASDAQ Global Select Market on July 1, 2009 under the ticker symbol
"CCRT" -- the same symbol under which the shares of CompuCredit
Corporation common stock traded. The conversion of shares of CompuCredit
Corporation common stock into CompuCredit Holdings Corporation common
stock occurred automatically upon consummation of the reorganization.
Shareholders need not return stock certificates or otherwise take any
action to exchange their former shares of CompuCredit Corporation common
stock. In addition, the reorganization will be tax-free for CompuCredit
Corporation shareholders.

Immediately following the reorganization, CompuCredit Holdings Corporation
and its subsidiaries will conduct the same businesses and operations under
the same management as did CompuCredit Corporation.

ABOUT COMPUCREDIT

CompuCredit is a specialty finance company and marketer of branded credit
cards and related financial services. CompuCredit provides these services
to consumers who are underserved by traditional financial institutions.
Through corporate and affinity contributions focused on the underserved
and un-banked communities, CompuCredit also uses its financial resources
and volunteer efforts to address the numerous challenges affecting its
customers. For more information about CompuCredit, visit
www.CompuCredit.com.

Contacts:
Investor Relations
Jay Putnam
770.828.2612
Email: Email Contact

Media Relations
Tom Donahue
770.828.1577
Email: Email Contact

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