PVN Providian Financial

Providian Completes $750 Million Term Securitization SAN FRANCISCO, March 31 /PRNewswire-FirstCall/ -- Providian Financial Corporation today announced that on March 31, 2004, Providian National Bank completed the sale of $750 million in three-year Series 2004-A floating rate notes issued by Providian Gateway Owner Trust 2004-A and are backed by a certificate issued by the Providian Gateway Master Trust. The offered classes of Series 2004-A included approximately $480 million floating rate Class A notes, approximately $73 million floating rate Class B notes, approximately $112 floating rate million Class C notes and approximately $85 million floating rate Class D notes. The Providian Gateway Owner Trust 2004-A notes described above have not been and will not be registered under the Securities Act of 1933 or any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. About Providian San Francisco-based Providian Financial is a leading provider of credit cards to mainstream American customers throughout the U.S. By combining experience, analysis, technology and outstanding customer service, Providian seeks to build long-lasting relationships with its customers by providing products and services that meet their evolving financial needs. DATASOURCE: Providian Financial Corporation CONTACT: investors, Jack Carsky, +1-415-278-4977 or Bill Horning at +1-415-278-460, or media, Alan Elias, +1-415-278-4189, all for Providian Financial Corporation Web site: http://www.providian.com/

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