AmeriCredit Announces Board of Directors Changes

FORT WORTH, Texas — AmeriCredit Corp. appointed Robert Sturges to its board of directors and announced the resignation of Bruce Berkowitz today. Sturges, president and CEO of Nevada Gold & Casinos, Inc., is Fairholme Fund, Inc.’s designee to AmeriCredit’s board. He has more than 25 years of gaming industry experience including over 15 years with Carnival Resorts & Casinos and Carnival Corp. He is a graduate of Dartmouth College and Rutgers School of Law.

Berkowitz stepped down from AmeriCredit’s board due to the demands of his position as Managing Member of Fairholme Capital Management. Berkowitz’s resignation did not result from any disagreement with AmeriCredit’s board or management.

“We sincerely thank Bruce Berkowitz for his service and the insight he brought to our board,” said AmeriCredit’s Chairman Clifton Morris, Jr. “We are pleased to add Robert Sturges to our board, an addition that was unanimously supported by the board. He is a well-respected and accomplished professional and I am confident that our company and our shareholders will benefit greatly from his knowledge and counsel.”