Advanta Corp.

Notice to certain noteholders regarding Form 1099-INT

In connection with the 2009 tax year, the Debtors reported interest earned by certain noteholders to the IRS and distributed Form 1099-INT to such noteholders. It has been brought to the Debtors' attention that some noteholders believe their receipt of a Form 1099-INT was in error. The Debtors do not believe an error has been made. The Debtors are not able to provide tax advice to individual noteholders and recommend that noteholders consult their tax and/or legal advisors if they have questions relating to Form 1099-INT. In order to provide sufficient information to your accountants and lawyers, please note that in some instances Form 1099-INT was distributed on a constructive receipt basis.

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