MIAMI, Aug. 26 /PRNewswire-FirstCall/ -- AR Growth Finance Corp. ("AR Growth") (Pink Sheets: ARGW) announced today that it completed a $1 million bond financing at AR Growth as well as a $4 million bond financing at ProBenefit S.A. ("ProBenefit"). ProBenefit is AR Growth's 95% owned subsidiary and its primary asset in Argentina. The bond at the AR Growth level will pay interest at a 9% annual basis and the bond at the ProBenefit level will pay interest at a LIBOR plus 5% annual basis. The AR Growth bond proceeds will be used for working capital purposes. In turn, ProBenefit bond proceeds were contributed to its subsidiaries for working capital purposes and for refinancing liabilities. A substantial part of the bond proceeds were used by ProBenefit to fund its fast-growing consumer credit card business, Nexo Emprendimientos S.A. ("Nexo"). Nexo, a wholly owned subsidiary of ProBenefit, operates a consumer credit card business in the Santa Fe province of Argentina. It offers traditional consumer credit card services as well as providing consumer loans. Kevin Fitzgerald, Chief Executive Officer and Director of AR Growth, commented, "The two bond financings we completed provide the capital needed to fund our holding company's needs but more importantly it allow us to accelerate the growth of our credit card business." Oscar Cerutti, a Director of AR Growth, also commented, "We have seen increasing demand for Nexo's credit card services and accordingly this financing comes at the right time for us to capitalize on this demand. We will be able to increase our customer base and extend more consumer loans to our customers." About AR Growth Finance Corp. AR Growth Finance Corp. is a Delaware corporation established in 2007 to invest in finance-related companies in Argentina and ultimately throughout South America. Its principal shareholders are U.S. and Argentine financial institutions, and its acquisition of 95% of ProBenefit was announced on February 27, 2008. Forward-Looking Statements This press release contains, or may contain, forward-looking statements, such as statements regarding the growth and growth strategy in the industry in which AR Growth operates. The forward-looking statements contained in this press release are subject to other risks and uncertainties. AR Growth assumes no obligations to update these forward-looking statements to reflect actual results, changes in risks, uncertainties or assumptions underlying or affecting such statements, or for prospective events that may have a retroactive effect. Contact: Allen & Caron AR Growth Finance Corp. Rudy Barrio (investors) Kevin Fitzgerald, Chief Brian Kennedy (media) Executive Officer 212-691-8087 305-446-4800 DATASOURCE: AR Growth Finance Corp. CONTACT: Kevin Fitzgerald, Chief Executive Officer of AR Growth Finance Corp., +1-305-446-4800; or Investors, Rudy Barrio, , or Media, Brian Kennedy, , both of Allen & Caron, +1-212-691-8087, for AR Growth Finance Corp.

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