North American Van Lines, Inc. Extends Tender Offer

FORT WAYNE, Ind., Nov. 12, 2003 -- North American Van Lines, Inc. (the "Company") announced today that, as part of its previously announced cash tender offer (the "Offer") and consent solicitation (the "Solicitation") for any and all of its $150,000,000 aggregate principal amount of 13-3/8% Senior Subordinated Notes due 2009 (the "Notes"), it is extending the tender offer expiration date (the "Expiration Date").

The tender offer, which had been set to expire at 5:00 p.m., New York City time, on Tuesday, November 18, 2003, has been extended until 5:00 p.m., New York City time, on Monday, November 24, 2003, unless further extended.

In conjunction with the extension of the expiration date for the tender offer, the Price Determination Date for the Offer, which was set for 2:00 p.m., New York City time, on Thursday, November 13, 2003, will now be set for 2:00 p.m., New York City time, on Wednesday, November 19, 2003, which is prior to the open of business on a date such that two whole business days will have elapsed between such date and expiration of the Offer on the Expiration Date.

On October 20, 2003, the Company commenced the Offer to purchase any and all of the outstanding Notes, as well as the Solicitation, from holders. The purpose of the Solicitation was to execute proposed amendments to the indenture governing the Notes that will eliminate or modify substantially all of the restrictive covenants and certain other provisions contained in the indenture.

The Solicitation expired at 5:00 p.m., New York City time, on Friday, October 31, 2003 (the "Consent Date"). Holders who validly tendered their Notes by the Consent Date will receive a payment for each $1,000 principal amount tendered (if such Notes are accepted for purchase) determined by taking a price calculated based on a fixed spread of 75 basis points over the yield to maturity on the pricing date of the 2% Treasury Notes due November 30, 2004 (the "Total Consideration"), plus accrued and unpaid interest up to, but not including, the date of payment for the Notes. Holders who tender their Notes after the Consent Date will receive a payment for each $1,000 principal amount tendered equal to the Total Consideration, minus $30.00 (the "Consent Payment"), plus accrued interest.

As of November 12, 2003, $138,975,000 principal amount of the Notes had been validly tendered. As of the Consent Date, North American Van Lines had received the requisite consents to the proposed amendments to the indenture governing the Notes. Tenders of Notes and consents that North American Van Lines received on or prior to the Consent Date may not be withdrawn or revoked except in limited circumstances.

The Offer and the Solicitation is subject to the satisfaction of certain conditions, including the consummation of the planned initial public offering by SIRVA, Inc., the Company's parent company, the consummation of certain financing transactions by the Company and the execution of the proposed amendments to the indenture following receipt by the Company of consents representing at least a majority of the outstanding amount of the Notes. The terms of the Offer and the Solicitation are described in the Company's Offer to Purchase and Consent Solicitation Statement dated October 20, 2003, copies of which may be obtained from Global Bondholder Services Corporation. Subject to applicable law, the Company may, in its sole discretion, waive any condition to the Offer and the Solicitation, or extend, terminate or otherwise amend the Offer and/or Solicitation. All conditions to the consummation of the Offer and the Solicitation will have been satisfied or waived prior to the expiration of the Offer.

The Company has engaged Banc of America Securities LLC to act as the exclusive dealer manager and solicitation agent in connection with the Offer. Questions regarding the Offer may be directed to Banc of America Securities LLC High Yield Special Products, at (888) 292-0070 (US toll-free) and (704) 388-4813 (collect). Requests for documentation may be directed to Global Bondholder Services Corporation, the information agent for the Offer, at (866) 470-3600 (US toll free) and (212) 430-3774 (collect).

This press release is not an offer to purchase, a solicitation of an offer to purchase or a solicitation of an offer to sell securities. Each Offer and the Solicitation is only made pursuant to the Offer to Purchase and Consent Solicitation Statement dated October 20, 2003, and the related Consent and Letter of Transmittal (as each may be amended from time to time).