Capital One Advances Release of Third Quarter Earnings

FALLS CHURCH, Va., Oct. 9 /PRNewswire/ -- Capital One Financial Corporation (NYSE: COF) announced today that it will now release its 1998 third quarter results on Tuesday, October 13, 1998 instead of Thursday, October 15, 1998. This change reflects the Company's desire to accelerate the release of its "on target" results in light of recent market volatility.

Headquartered in Falls Church, Virginia, Capital One Financial Corporation (www.capitalone.com) is a holding company whose principal subsidiaries, Capital One Bank and Capital One, F.S.B., offer consumer lending products. Capital One's subsidiaries collectively had 13.6 million customers and $15.0 billion in managed loans outstanding as of June 30, 1998, and are among the largest providers of MasterCard and Visa credit cards in the world. Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 500 Index.