International Speedway Corporation Files Registration Statement for Secondary Equity Offering

    DAYTONA BEACH, Fla.--Jan. 24, 2002--International Speedway Corporation ("ISC") today announced that it has filed a registration statement with the Securities and Exchange Commission for a secondary equity offering of 2,500,000 shares of its class A common stock.
    The shares will be sold by Penske Performance, Inc., a subsidiary of Penske Corporation which is controlled by Roger Penske, Vice Chairman of International Speedway Corporation's Board of Directors. The offering will also include an option for the underwriters to purchase an additional 375,000 shares from the selling shareholder to cover over-allotments, if any. The Company will receive no proceeds from this offering.
    Salomon Smith Barney Inc. is acting as the sole lead manager for this offering. First Union Securities, Inc., J.P. Morgan Securities Inc. and Raymond James & Associates, Inc. are acting as co-managers. When available, a copy of the prospectus may be obtained from: Salomon Smith Barney Inc., 140 58th Street, Brooklyn, New York 11220, Attention: Prospectus Department, or by facsimile request at 718-765-6734.
    A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective under the Securities Act of 1933. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

    About International Speedway Corporation

    International Speedway Corporation is a promoter of motorsports entertainment activities in the United States. The Company owns and/or operates 12 motorsports facilities, including Daytona International Speedway in Florida (home of the Daytona 500); Talladega Superspeedway in Alabama; Michigan International Speedway located outside of Detroit; Richmond International Raceway in Virginia; California Speedway near Los Angeles; Kansas Speedway in Kansas City, Kansas; Phoenix International Raceway in Arizona; Homestead-Miami Speedway in Florida; North Carolina Speedway in Rockingham; Darlington Raceway in South Carolina; Watkins Glen International in New York; and Nazareth Speedway in Pennsylvania. Other track interests include an indirect interest in Raceway Associates, LLC, which owns and operates Chicagoland Speedway and Route 66 Raceway near Chicago, Illinois.
    The Company also owns and operates MRN Radio, an independent sports radio network; DAYTONA USA, the "Ultimate Motorsports Attraction" in Daytona Beach, Florida, the official attraction of NASCAR; and subsidiaries which provide catering services, food and beverage concessions, and produce and market motorsports-related merchandise under the trade name "Americrown."