CSK Auto Corporation Completes Common Stock Offering

PHOENIX, July 2 CSK Auto Corporation today announced the completion of an offering of 9,478,300 shares of its common stock, consisting of 6,878,300 newly issued shares sold by the Company and 2,600,000 shares sold by Glenellen Investment Co., one of the Company's stockholders and a member of the Carmel Group. The shares sold by the Company include 1,236,300 shares that were issued in connection with the underwriters' exercise of an over-allotment option. The shares were issued at a public offering price of $12.00 per share.

The net proceeds from the offering will be used by the Company to redeem $71,703,000 of $81,250,000 aggregate principal amount outstanding 11% senior subordinated notes, together with associated redemption premium and accrued interest. The 11% senior subordinated notes were originally issued in 1996 by the Company's subsidiary, CSK Auto, Inc.

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.