H&R Block to Discontinue EXPRESSTAX Brand

KANSAS CITY, MO, Sep 29 (MARKET WIRE) --
H&R Block (NYSE: HRB) announced today it will discontinue service under
its EXPRESSTAX brand. Currently, there are 269 EXPRESSTAX franchise
offices, which collectively prepared nearly 100,000 tax returns and
generated $3 million of royalty fees to H&R Block in fiscal 2011. As H&R
Block seeks to continue growth in its franchise base and clientele, it
will invite many EXPRESSTAX franchisees to join the H&R Block brand.

"This move is consistent with where we want to focus our future
investments and resources," said Bill Cobb, H&R Block CEO. "After a
thorough review of the EXPRESSTAX business model and its recent
performance, we concluded it was no longer a growth driver and therefore
not a good fit for our company."

In connection with this announcement, H&R Block will record a pretax
charge of approximately $0.02 to $0.03 per share in the fiscal second
quarter ending October 31, 2011.

H&R Block purchased EXPRESSTAX in 2006. The EXPRESSTAX brand attracted
mostly early-season filers who also sought quick-paying financial
products. H&R Block offered EXPRESSTAX franchises in locations where it
had competitive and geographic advantages.

H&R Block is coming off one of its strongest tax seasons in recent years.
In Tax Season 2011, H&R Block grew new clients by nearly 19 percent, saw
client retention improve by nearly 4 percent, and gained market share in
both its retail and digital tax preparation channels.

Forward-Looking Statements
This announcement may contain forward-looking
statements, which are any statements that are not historical facts. These
forward-looking statements, as well as the Company's guidance, are based
upon the Company's current expectations and there can be no assurance
that such expectations will prove to be correct. Because forward-looking
statements involve risks and uncertainties and speak only as of the date
on which they are made, the Company's actual results could differ
materially from these statements. These risks and uncertainties relate
to, among other things, uncertainties regarding the Company's ability to
attract and retain clients; meet its prepared returns targets;
uncertainties and potential contingent liabilities arising from our
former mortgage loan origination and servicing business; uncertainties in
the residential mortgage market and its impact on loan loss provisions;
uncertainties pertaining to the commercial debt market; competitive
factors; the Company's effective income tax rate; litigation defense
expenses and costs of judgments or settlements; uncertainties regarding
the level of share repurchases; and changes in market, economic,
political or regulatory conditions. Information concerning these risks
and uncertainties is contained in Item 1A of the Company's 2011 annual
report on Form 10-K and in other filings by the Company with the
Securities and Exchange Commission. The Company does not undertake any
duty to update any forward-looking statements, whether as a result of new
information, future events, or otherwise.

About H&R Block
H&R Block Inc. (NYSE: HRB) has prepared more than 575
million tax returns worldwide since 1955, making it the country's largest
tax services provider. In fiscal 2011, H&R Block had annual revenues of
$3.8 billion and prepared more than 24.5 million tax returns worldwide,
including Canada and Australia. Tax return preparation services are
provided in company-owned and franchise retail tax offices by more than
100,000 professional tax preparers, and through H&R Block At Home(TM)
digital products. The H&R Block Bank provides affordable banking products
and services, and McGladrey is a top provider of tax, accounting and
wealth management services to mid-sized businesses. For more information,
visit the H&R Block Online Press Center.

For Further Information:

Media:
Gene King
816-854-4287
gene.king@hrblock.com

Investors:
Derek Drysdale
816-854-4513
derek.drysdale@hrblock.com

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