Universal Technical Institute Receives License Approval From Commonwealth of Pennsylvania to Operate New Exton Campus

PHOENIX, May 17, 2004 -- Universal Technical Institute, Inc. today announced the Pennsylvania Department of Education voted to approve and grant a license to Universal Technical Institute, Inc., allowing the organization to operate a new campus in southeastern Pennsylvania.

UTI's new facility in Exton, Pa., is expected to open in July 2004. The campus will offer programs in automotive technology designed to teach students how to diagnose, service and repair automobiles. Manufacturer-sponsored advanced training programs, available to UTI students in nearby Allentown, Pa., will include the Audi Academy Technician Program, Mercedes-Benz ELITE Program and Volkswagen Academy Technician Recruitment Program.

Encompassing approximately 160,000 square feet, the UTI-Exton campus will accommodate up to 2,000 students and 200 staff members.

"The market for qualified service technicians is large and growing," said Kimberly McWaters, president and chief executive officer of UTI. "The automotive manufacturers for whom we provide advanced training programs have called upon UTI to provide high-quality training that meets the employment and advanced training needs of their dealer networks in the northeast region."

During the next 20 years, UTI will invest a minimum of $20 million into its Exton campus for rent, equipment and training aids. Other investments will include employee salaries and capital improvements.

About Universal Technical Institute

Universal Technical Institute, Inc. is a nationwide provider of technical education training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians. The company offers undergraduate degree, diploma and certificate programs at seven campuses across the United States, and manufacturer-sponsored advanced programs at 22 dedicated training centers. The Exton, Pennsylvania campus will be UTI's eighth campus. Through its campus-based school system, Universal Technical Institute, Inc. offers specialized technical education programs under the banner of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NTI). For more information, visit www.uticorp.com.