Edelbrock Corporation, Torrance, California Announces Stock Repurchase

    TORRANCE, Calif.--Dec. 4, 2001--Edelbrock Corporation announced today that the Board of Directors of the Company authorized a systematic program for the repurchase of up to 100,000 additional shares of its Common Stock, having a par value of $0.01 per share, for cash, in the open market on the NASDAQ National Market system and in privately negotiated transactions.
    The 100,000 shares would represent approximately two percent of the Company's 5.0 million outstanding shares of Common Stock. In earlier repurchase programs, from September 1998 to November 2001, the Company had repurchased approximately 306,000 of its shares reflecting management's confidence in Edelbrock's future. Such repurchases will benefit earnings per share comparisons in future periods.
    Vic Edelbrock, Edelbrock's Chief Executive Officer and Chairman, stated that the Board of Directors' decision reflects the Company's opinion that Edelbrock Corporation Common Stock is undervalued in the market and represents a good investment.
    The repurchased shares will be accumulated by the Company and held in treasury for the purpose of providing available shares for possible resale in future public or private offerings and any other actions that its Board of Directors considers appropriate. The purchases will be made from internal working capital of the Company.
    The repurchases will commence on December 7, 2001 and will be carried out in accordance with certain volume, timing and price constraints imposed by the Securities and Exchange Commission's rules applicable to such transactions. The amount, timing and price of purchases will otherwise depend on market conditions and other factors.
    Founded in 1938, Torrance, California-based Edelbrock Corporation is recognized as one of the nation's premier designers, manufacturers and distributors of performance replacement parts for the automotive and motorcycle aftermarkets. In addition to four production facilities in Torrance including its newly acquired Russell Performance Division, the Company owns and operates a state-of-the-art aluminum foundry and its QwikSilver Division for motorcycle aftermarket parts in San Jacinto, California, at which it manufactures many of its quality products.

    Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts including statements relating to future economic and climatic conditions are forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as the financial strength and competitive pricing environment of the automotive and motorcycle aftermarket industries; product demand; market acceptance; manufacturing efficiencies; new product development; the success of planned advertising, marketing and promotional campaigns; and other risks identified herein and in other documents filed by the Company with the Securities and Exchange Commission.