CHIEF AUTO PARTS Inc. Expected to Launch IPO in the Near Future

22 April 1998

    DALLAS, April 22 -- CHIEF AUTO PARTS Inc. today announced
that it has sent notice to its warrant holders that it plans to file in the
near future with the Securities and Exchange Commission for an initial public
offering of its common stock.
    The number of shares of common stock to be offered, expected gross
proceeds, and price per share are yet to be determined.  The offering will be
made by prospectus only.
    Dallas-based CHIEF AUTO PARTS Inc. is a leading auto parts and accessories
chain, both in the number of stores and annual revenue, with approximately
5,600 employees and 555 retail stores in five states at year-end 1997.
    Certain statements contained in this release which are not historical
facts are forward-looking statements that involve risks, uncertainties, and
assumptions including, but not limited to, the activities of our competitors,
demand for our products, the success of the do-it-yourself (DIY) and
commercial programs, the demand for auto parts, the economy in general and
weather.  In light of these risks, uncertainties and assumptions, there can be
no assurance that any forward-looking statement made herein will in fact be
realized.  The company undertakes no obligation and does not intend to update,
revise or otherwise publicly release the result of any revisions to these
forward-looking statements.

SOURCE  CHIEF AUTO PARTS Inc.