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AutoZone Surpasses 2,500 Stores

30 June 1998

AutoZone Surpasses 2,500 Stores; Finalizes Acquisition Of Chief Auto Parts

    MEMPHIS, Tenn., June 29 -- AutoZone, Inc. has finalized its
acquisition of Chief Auto Parts, John C. Adams Jr., chairman and CEO of
AutoZone , announced today.
    Chief has 561 stores, primarily in California and Texas. The stores will
eventually be converted to AutoZone stores.
    "This newest chapter in our remarkable history comes less than one week
before AutoZone's 19th anniversary, which we'll celebrate on July 4," said
Adams. "Now, over 5,000 talented new AutoZoners will be a part of this
milestone, and I'm thrilled to have them on the team that will write our
history going forward."
    AutoZone sells auto and light truck parts, chemicals and accessories
through 2,562 stores in 38 states. This includes 2,001 AutoZone stores as of
May 9, 1998, plus 561 Chief stores. AutoZone also sells heavy-duty truck parts
through 43 TruckPro stores in 14 states and automotive diagnostic and repair
software through ALLDATA.
    Certain statements contained in this press release are forward-looking
statements. These statements discuss, among other things, expected growth,
store development and expansion strategy, business strategies, future revenues
and future performance. The forward-looking statements are subject to risks,
uncertainties and assumptions including, but not limited to, competitive
pressures, demand for the company's products, the market for auto parts, the
economy in general, inflation, consumer debt levels and the weather. Actual
results may materially differ from anticipated results described in these
forward-looking statements.