JOINT FILING AGREEMENT
In accordance with Rule 13d-1(k)(1) under the Securities Exchange
Act of 1934, as amended, each of the undersigned hereby agrees to the joint
filing with all other Reporting Persons (as such term is defined in Amendment
No. 1 to Schedule 13D referred to below), on behalf of each of them, of
Amendment No. 1 to Schedule 13D (including amendments thereto) with respect to
the Common Stock, par value $0.01 per share, of National Auto Finance Company,
Inc. and that this Agreement be included as an Exhibit to such joint filing.
This Agreement may be executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this Agreement as
of the 5th day of May, 1999.
THE PROGRESSIVE CORPORATION
PROGRESSIVE CASUALTY INSURANCE COMPANY
By: /s/ W. Xxxxxx Xxxxxxxxx, II
---------------------------
Name: W. Xxxxxx Xxxxxxxxx
Title: Treasurer
PC INVESTMENT COMPANY
PROGRESSIVE INVESTMENT COMPANY, INC.
By: /s/ Xxxxx X. Xxxxxxxxx
------------------------
Name: Xxxxx X. Xxxxxxxxx
Title: Treasurer
XXXXX BROTHERS XXXXXXXX & CO.
By: /s/ Xxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxx X. Xxxxx
Title: Partner
THE 1818 MEZZANINE FUND, L.P.
By: Xxxxx Brothers Xxxxxxxx & Co.
General Partner
By: /s/ Xxxxxx X. Xxxxx
------------------------------------
Name: Xxxxxx X. Xxxxx
Title: Partner
/s/ Xxxxxx X. Xxxxxx
---------------------------------------
Xxxxxx X. Xxxxxx
/s/ Xxxxxx X. Xxxxx
---------------------------------------
Xxxxxx X. Xxxxx
/s/ T. Xxxxxxx Xxxx
---------------------------------------
T. Xxxxxxx Xxxx
/s/ Xxxxxxxx X. Xxxxxx
---------------------------------------
Xxxxxxxx X. Xxxxxx
THE STRUCTURED FINANCE HIGH YIELD
FUND, LLC
THE PRUDENTIAL INSURANCE COMPANY OF
AMERICA
By: /s/ Xxxxxxx X. Xxxxx
-----------------------------------
Name: Xxxxxxx X. Xxxxx
Title: Vice President
