CSK Auto Corporation Prices Offering Of Its Common Stock

PHOENIX, June 27 /CSK Auto Corporation today announced that it completed the pricing of an offering of 8,242,000 shares of its common stock at a public offering price of $12.00 per share. The offering, which is expected to close on July 2, 2002, consists of 5,642,000 newly issued shares to be sold by the Company and 2,600,000 shares to be sold by Glenellen Investment Co., one of the Company's stockholders related to the Carmel Group. Up to 1,236,300 additional shares may be sold by the Company should the underwriters exercise an over-allotment option within the next 30 days.

The Company intends to use its net proceeds from the offering to redeem 11% senior subordinated notes that were issued by its subsidiary, CSK Auto, Inc., in 1996.

Merrill Lynch & Co. and UBS Warburg are acting as the co-lead managers of the offering, and Credit Suisse First Boston and Goldman, Sachs & Co. are acting as co-managers.

This communication 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 in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. Copies of the written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, may be obtained from Merrill Lynch & Co., 4 World Financial Center, New York, NY 10080, (212) 449- 1000, or UBS Warburg, 299 Park Avenue, New York, NY 10171, (212) 821-3000.

CSK Auto Corporation is the parent company of CSK Auto, Inc., a specialty retailer in the automotive aftermarket. As of May 5, 2002, the Company operated 1,124 stores in 19 states under the brand names Checker Auto Parts, Schuck's Auto Supply and Kragen Auto Parts.

This press release contains certain forward-looking information that generally can be identified by the context of the statement or the use of words such as CSK or its management "believes," "anticipates," "intends," "expects," "plans," "is confident that" or words of similar meaning. Similarly, statements that describe CSK's future plans, objectives, strategies, goals or its ability to complete the offering are forward-looking statements. It is possible that the Company's expectations may not be met due to various factors, many of which are beyond the control of the Company. Attention is directed to "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations - Liquidity and Capital Resources" in the Registration Statement on Form S-3/A filed by CSK Auto Corporation on June 27, 2002 for a discussion of some of the factors, risks and uncertainties that could affect CSK's future results.