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AmeriCredit Announces First Prime/Near-Prime Securitization

May 24, 2007

Fort Worth, Texas — AmeriCredit Corp. has announced the pricing of a $1 billion offering of automobile receivables-backed securities through lead managers JPMorgan and Wachovia Securities. Co-managers are BMO Capital Markets, Barclays Capital and UBS Investment Bank. This represents AmeriCredit’s first securitization under its prime/near-prime retail auto loan securitization platform, AmeriCredit Prime Automobile Receivables Trust. Net proceeds from securitization transactions will be used to provide long-term financing of receivables.

The securities will be issued via an owner trust, AmeriCredit Prime Automobile Receivables Trust 2007-1, in eight classes of Notes. The weighted average coupon on the Notes is 5.4 percent.

The 2007-1 transaction will have initial credit enhancement of 1.5 percent of the original receivables pool balance, building to the total required enhancement level of 4.5 percent of the then-outstanding receivables pool balance. The initial 1.5 percent enhancement will consist of a 1.0 percent cash deposit and 0.5 percent overcollateralization.

The Note Classes are rated by Standard & Poor’s and Moody’s Investors Service.

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