MINNEAPOLIS, Feb. 18 /PRNewswire/ -- Olympic Financial Ltd. (NYSE: OLM)
("Olympic") announced today that it has extended its offer to purchase all of
its outstanding 13% Senior Notes due 2000 and the related consent
solicitation, which were scheduled to expire at 12:00 midnight, New York City
time, on February 18, 1997.  The new expiration date for both the offer to
purchase and the related consent solicitation is 5:00 p.m., New York City
time, on March 6, 1997, unless further extended.  Other than the extensions,
the financial and other terms of the offer to purchase and the consent
solicitation are unchanged.
    To date, Senior Notes aggregating approximately $10.7 million in principal
amount have been deposited in the tender offer and have provided consents in
the consent solicitation.
    Norwest Bank Minnesota, N.A. is serving as depositary for purposes of the
offer to purchase and the consent solicitation.
    Olympic Financial Ltd. is a Minneapolis-based consumer finance company
which purchases, sells and services retail installment contracts for new and
used automobiles originated by more than 7,700 dealers nationwide.  Olympic is
the largest independent provider of automobile financing.  The Company, which
was founded in 1990, has Regional Buying Centers in Arizona, Northern and
Southern California, Colorado, Florida, Georgia, Massachusetts, Minnesota,
Missouri, New York, North Carolina, Ohio, Tennessee, North, South and West
Texas and Washington.  The Company acquires loans through 17 Regional Buying
Centers and has expanded its dealer network to include dealers in 40 states.

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