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Case Status:    SETTLED
On or around 02/23/1999 (Date of order of final judgment)

Filing Date: September 09, 1997

According to the Final Judgment and Order dated February 22, 1999, the Court, for purposes of this Final Judgment and Order of Dismissal, adopts all defined terms as set forth in the Stipulation. The case is closd.

On December 8, 1998, Judge Christina A. Snyder preliminarily approved settlement and approved the form and manner of notice. The Company and the plaintiffs have entered into an agreement in principle for the settlement of the claims asserted in these parallel federal and state court actions. This settlement is subject to approval of the parties of the documentation required to evidence the settlement, which documentation will be filed with the courts, and is further conditioned upon receiving preliminary and final approval by the appropriate courts. The proposed settlement creates a fund in the amount of $4,625,000.00 in cash and will include any interest that accrues on the fund prior to distribution.

The original (Marc Dauber, et al. v. Aames Financial Corporation et al., Case No. 97-6714 (JMI)) was consolidated with Case Nos. 97-8095 (JMI) and 97-6814 (JMI), which alleged violations of federal securities laws. In the federal actions, the complaints on file identify a class period from January 23, 1996 through April 30, 1997.

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