Advance Auto Parts Announces Pricing of Public Offering of 9,000,000 Shares of Common Stock

ROANOKE, Va., March 6 Advance Auto Parts, Inc. announced today the public offering of 9,000,000 shares of its common stock at a price of $42.00 per share. The offering consists of 2,250,000 primary shares sold by the Company and 6,750,000 secondary shares sold by three of its stockholders. The underwriters have the option to purchase a maximum of 1,350,000 additional shares from Ripplewood Partners, L.P., one of the selling stockholders, to cover any over-allotment of shares.

The Company will use the net proceeds it receives from the sale of the primary shares to repay outstanding indebtedness. The Company will not receive any of the proceeds from the shares being sold by the selling stockholders. The selling stockholders are Sears, Roebuck and Co., Freeman Spogli & Co. and Ripplewood Partners, L.P.

Credit Suisse First Boston Corporation and Merrill Lynch, Pierce, Fenner & Smith Incorporated are the joint book-running managers of the offering. J.P. Morgan Securities Inc., Lehman Brothers Inc., Morgan Stanley & Co. Incorporated and Salomon Smith Barney Inc. are co-managers of the offering. Copies of the prospectus relating to the offering may be obtained from Credit Suisse First Boston Corporation, Eleven Madison Avenue, Prospectus Department, New York, New York 10010, (212) 325-2580 or Merrill Lynch & Co., Four World Financial Center, Prospectus Department, Street Level, New York, New York 10080, (212) 449-1000.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Advance Auto Parts, Inc. is based in Roanoke, Virginia, and is the second largest auto parts retailer in the United States. With over 2,400 stores in 38 states, Puerto Rico and the Virgin Islands as of December 29, 2001, the Company serves both the do-it-yourself and do-it-for-me, or professional installer, markets. On November 28, 2001, Advance Auto Parts completed the acquisition of Discount Auto Parts, a 671-store specialty retailer of automotive parts, accessories and maintenance items based in Lakeland, Florida.