JAMISON, Pa.--(BUSINESS WIRE)--May 22, 2003--DVI, Inc. (NYSE:DVI)
announced the successful completion of a $454 million equipment lease
asset-backed securitization.

To date, DVI has completed 32 asset-backed securitizations, and
since the initial transaction in 1991, the Company has placed $5.3
billion of such asset-backed notes in the market. The securitized
assets in this transaction are comprised of loans and leases secured
by medical equipment.
Michael A. O'Hanlon, president and chief executive officer of DVI,
said, "We are pleased with the successful completion of this
transaction in a capital market that is very important to DVI. Our
reception in the ABS market confirms our belief that investors
recognize the value of our healthcare assets. This asset-backed
securitization market also allows DVI to add significant value for its
clients in their effort to acquire the exciting new medical equipment
being offered."
This transaction was led by Merrill Lynch & Co. and co-managed by
Banc of America Securities LLC, and Nomura Securities International,
Inc. Standard & Poor's, Moody's Investor Service, Inc. and Fitch, Inc.
rated each of the securitization classes of notes, with 85% of the
notes rated AAA or its equivalent and 95% of the notes rated
investment grade.
Steven R. Garfinkel, executive vice president and chief financial
officer, commented, "We are very pleased with the underwriting
syndicate for this transaction and pricing achieved. This is the first
DVI transaction rated by all three of the leading rating agencies. We
continue our favorable opinion regarding the stability and reliability
of the ABS market, which make this type of medium term capital a
cornerstone in our financing structure. Our plans include a similar
securitization sometime in the Fall 2003."
DVI is an independent specialty finance company for healthcare
providers worldwide with $2.8 billion of managed assets. DVI extends
loans and leases to finance the purchase of diagnostic imaging and
other therapeutic medical equipment directly and through vendor
programs throughout the world. DVI also offers lines of credit for
working capital backed by healthcare receivables in the United States.
Additional information is available at www.dvi-inc.com.

Safe Harbor Statement under the Private Securities Litigation
Reform Act of 1995. Any statements contained in this press release,
which are not historical facts, are forward-looking statements. Such
statements are based upon many important factors, which may be outside
the Company's control, causing actual results to differ materially
from those suggested.
Such factors include, but are not limited to, legislative and
regulatory changes in general, including such changes affecting the
healthcare industry, demand for DVI's services, market interest rates,
pricing, market condition in the markets in which we operate, the
effect of economic conditions, litigation, competition from
institutions offering similar products and services, our access to
funding on acceptable terms, the ability to complete financing
transactions, and other risks identified in the Company's filings with
the Securities and Exchange Commission.