CSK Auto Corporation Statement Regarding Asbestos-Related Litigation

PHOENIX, Nov. 26, 2002; In response to questions regarding asbestos litigation disclosures by Advance Auto Parts Inc. and public statements issued by AutoZone, Inc. and Pep Boys, CSK Auto Corporation confirmed that it has also been named from time-to-time as a defendant in lawsuits regarding the sale of friction products such as brake parts. Although the Company is also involved in such litigation, as it has stated in prior public disclosures, the Company does not believe that these lawsuits will be material, in the aggregate, to the Company's financial position or results of operations. CSK and its insurance carriers will continue to vigorously defend against these claims. CSK Auto Corporation is the parent of CSK Auto, Inc., a specialty retailer in the automotive aftermarket. As of November 3, 2002, the Company operated 1,111 stores in 19 states under the brand names Checker Auto Parts, Schuck's Auto Supply and Kragen Auto Parts.