An anonymous director reports

CASH STORE FINANCIAL OBTAINS COURT APPROVAL OF DIP FINANCING AND APPOINTS CRO TO REPLACE SPECIAL COMMITTEE

Further to the news release of April 14, 2014, the Ontario Superior Court of Justice (commercial list) has granted an amended order with respect to the Cash Store Financial Services Inc.'s application for creditor protection under the Companies' Creditors Arrangement Act.

The court and the Cash Store Financial board of directors have also authorized the company and its subsidiaries to enter into a debtor-in-possession financing agreement pursuant to which $8.5-million will be available to the company to enable the company and its affiliates to continue operations during the CCAA proceedings, with an option, subject to court approval, to increase the amount of such DIP financing up to a total of $20.5-million. The company has entered into a DIP financing agreement on the approved terms.

Cash Store Financial further announced today that the special committee of the company's board of directors has appointed William Aziz, president of Blue Tree Advisors Inc., as chief restructuring officer of the company, and the court authorized the appointment and established the authority of the CRO. The CRO will assume the responsibilities that would otherwise be carried out by the board of directors, subject to the oversight of FTI Canada Consulting Inc., the court-appointed monitor, and the court.

Cash Store Financial announced today that its independent directors, Eugene Davis, Timothy Bernlohr, Donald Campion and Thomas Fairfield, have resigned from the company's board of directors, effective as of the close of business yesterday. The independent directors were also the members of the special committee of independent directors appointed by the board of directors of the company with the mandate of evaluating alternatives available to the company with a view to maximizing value for all its stakeholders. The special committee has fulfilled its mandate by providing a recommendation to the board of directors that led to the company commencing proceedings under the CCAA, obtaining DIP financing and obtaining the appointment of the CRO. Accordingly, the special committee has been disbanded, and the members of the special committee have resigned from the board.

Protection under the CCAA and the financing available under the DIP financing agreement will provide Cash Store Financial with the time and stability to attempt to restructure its affairs under the CCAA, under the supervision of the CRO, the monitor and the court.

Cash Store Financial is committed to completing the restructuring process quickly and efficiently. The company remains open for business, and its branches continue to operate. Daily lending is continuing in all jurisdictions outside of Ontario.

We seek Safe Harbor.