MINNEAPOLIS, March 12 /PRNewswire/ -- Olympic Financial Ltd. (NYSE: OLM)
("Olympic") announced today that its offer to purchase and consent
solicitation to holders of the 13% Senior Notes due 2000 has been successfully
completed.  Holders of $138,139,000 aggregate principal amount of the 13%
Senior Notes due 2000, representing 95.3% of the outstanding notes, accepted
the Company's offer to purchase and consented to amend the Indenture.
Donaldson, Lufkin & Jenrette Securities Corporation acted as Dealer-Manager
with respect to the tender offer and consent.
    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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