Asset Acceptance Capital Corp. Announces Pricing of Secondary Offering

WARREN, MI - Asset Acceptance Capital Corp. (Nasdaq: AACC), a leading purchaser and collector of charged-off consumer debt, today announced it has priced the secondary public offering of 5,000,000 shares of its common stock at $18.89 per share. All 5,000,000 of the shares are being offered by selling stockholders. Asset Acceptance will not receive any of the proceeds from the sale of common stock by the selling stockholders. The underwriters have a 30-day option to purchase up to an additional 750,000 shares of common stock from certain of the selling stockholders to cover over-allotments.

Pursuant to the terms of a registration rights agreement, Asset Acceptance will bear substantially all of the costs incurred in this secondary offering, other than underwriting discounts and commissions.

William Blair & Company is acting as the sole underwriter. A final prospectus relating to the offering may be obtained from William Blair & Company at (800) 621-0687 or by mail at 222 West Adams, Chicago, Illinois 60606.

About Asset Acceptance Capital Corp.
For more than 40 years, Asset Acceptance has provided credit originators, such as credit card issuers, consumer finance companies, retail merchants, utilities and others an efficient alternative in recovering defaulted consumer debt.