Universal Technical Institute, Inc. Begins Automotive Training in Two New Locations

PHOENIX, July 28 -- Universal Technical Institute, Inc. , a nationwide provider of technical education training, today announced that it has begun automotive training at its new Exton, Pa., and Orlando, Fla. campuses.

Encompassing approximately 160,000 square feet, the new Exton campus opened to students on July 19, 2004. UTI has received its state license to operate from the Commonwealth of Pennsylvania, Department of Education.

In Orlando, Fla., UTI has also begun offering the automotive program at the site of its Motorcycle and Marine Mechanics Institute (MMI) campus. Earlier this year, UTI entered a long-term property lease agreement and has since received the permits necessary to construct a new 60,000-square-foot facility that will host the Orlando Automotive Technology program. UTI anticipates taking occupancy of the new facility, which is currently under construction, in the fall of 2004.

"These automotive program expansions address the growing technician needs of our industry customers in these specific regions," said Kimberly McWaters, president and chief executive officer of Universal Technical Institute, Inc. "These expansions are in line with our company's commitment to future growth."

About Universal Technical Institute, Inc.

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 eight campuses across the United States, and manufacturer-sponsored advanced programs at 22 dedicated training centers. 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.

Statements in this press release concerning the future business, operating results and financial condition of the Company are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements are based upon management's current expectations and are subject to a number of uncertainties that could cause actual performance and results to differ materially from the results discussed in the forward-looking statements. Factors that could affect the Company's actual results include construction delays for new campuses or campus expansions, possible failure or inability to obtain regulatory consents and certifications for new campuses or campus expansions, potential increased competition, changes in demand for the programs offered by the Company, increased investment in management and capital resources, changes to federal and state educational funding and the effectiveness of the Company's advertising and promotional efforts. Further information on these and other potential factors that could affect the Company's financial results or condition may be found in the Company's filings with the Securities and Exchange Commission, all of which are incorporated herein by reference. The Company undertakes no obligation to publicly update any forward-looking statements whether as a result of new information, future events or otherwise.