EELN E-Loan (MM)

E-LOAN Joins Russell Indexes PLEASANTON, Calif., June 27 /PRNewswire-FirstCall/ -- E-LOAN, Inc. (NASDAQ:EELN), an online consumer direct lender, today announced that it is set to join the Russell 3000(R) Index and Russell 2000(R) Index as well as the new Russell Microcap(TM) Index. Russell Investment Group reconstituted its family of U.S. indexes on June 24, 2005. Final membership in these Russell indexes will be published on July 1, 2005. "We are very pleased that our market capitalization has grown to meet the size requirement for inclusion in the Russell indexes," said Mark Lefanowicz, Chief Executive Officer and President of E-LOAN. "We believe this higher level of visibility is an important turning point for E-LOAN and our shareholders." Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. More than $2.5 trillion in assets currently are benchmarked to them. Investment managers who oversee these funds purchase shares of member stocks according to that company's weighting in the particular index. Membership in the Russell 3000(R), which remains in place for one year, means automatic inclusion in the large-cap Russell 1000(R) or small-cap Russell 2000(R) as well as the appropriate growth and style indexes. Russell determines membership for its equity indexes primarily by objective, market capitalization rankings and style attributes. The Russell Microcap Index will be comprised of the smallest 1,000 securities in the small-cap Russell 2000(R) Index plus the next 1,000 companies based on a ranking of all U.S. equities by market capitalization. This new index offers managers and other investors a comprehensive, unbiased barometer to compare their performance against the genuine microcap marketplace of stocks. Additional information about Russell indexes and rankings is available at http://www.russell.com/ . About E-LOAN E-LOAN(R) is an online consumer direct lender dedicated to providing borrowers with a Radically Simple(SM) way to obtain mortgage loans, car loans and home equity loans. Since its launch in 1997, E-LOAN has drawn upon its pro consumer values to improve the lending experience in revolutionary ways. By eliminating the traditional incentive structure to charge consumers higher rates, giving consumers free access to credit scores and eliminating lender fees, E-LOAN is providing a uniquely open, fair and honest loan process. Protecting consumers' financial privacy is also a paramount concern, prompting E-LOAN to implement industry leading privacy practices and advocate strong consumer financial privacy protection laws. Consumers have recognized E-LOAN's trustworthiness and respect for customers. An independent study conducted by TRUSTe and The Ponemon Institute ranked E-LOAN as one of the top 20 most trusted companies for privacy in America. E-LOAN was the highest ranked online financial services company to make the top 20. In another independent study by The Customer Respect Group, E-LOAN received the overall highest rating in the Online Customer Respect Study of North America's largest financial services firms. From inception through March 31, 2005, E-LOAN has originated and sold over $25.4 billion in consumer loans ranging from interest only and zero down mortgages and cash-out refinancing to home equity lines of credit and car loans. E-LOAN is publicly traded on the Nasdaq National Market under the symbol EELN. To find out more about E-LOAN and its products and services, logon to http://www.eloan.com/ or call 1-888-E-LOAN-22. About Russell Investment Group Russell, a global leader in multi-manager investment services, provides investment products and services in more than 39 countries. Russell manages more than $135 billion in assets and advises clients worldwide representing $2.3 trillion. Founded in 1936, Russell is a subsidiary of Northwestern Mutual and is headquartered in Tacoma, Wash., with additional offices in New York, Toronto, London, Paris, Singapore, Sydney, Auckland and Tokyo. This news release contains forward-looking statements based on current expectations that involve risks and uncertainties. E-LOAN's actual results may differ from the results described in the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to, general conditions in the mortgage and auto industries, interest rate fluctuations, and the impact of competitive products. These and other risk factors are detailed in E-LOAN's periodic filings with the Securities and Exchange Commission. E-LOAN Press/Investor Contact: E-LOAN Press Contact: Tiffany Fox Laurie Azzano E-LOAN, Public/Investor Relations Cosmo Public Relations 925/847-6314 504/296-1349 DATASOURCE: E-LOAN, Inc. CONTACT: Tiffany Fox of E-LOAN, Public/Investor Relations, +1-925-847-6314, ; Laurie Azzano, Cosmo Public Relations, +1-504-296-1349, , for E-LOAN, Inc. Web site: http://www.eloan.com/ http://www.russell.com/

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