Lacy Distribution, Inc. Announces Tender Offer for Shares of FinishMaster, Inc.

INDIANAPOLIS--Nov. 8, 2004--Lacy Distribution, Inc. ("Lacy"), a wholly owned subsidiary of LDI Ltd., LLC, announced that on November 9, 2004 it will commence a tender offer (the "Offer") for shares of FinishMaster, Inc. ("FinishMaster") Common Stock (Pink Sheets:FMST). The Offer will be for a minimum of 850,000 shares of FinishMaster Common Stock at $13.25 per validly tendered share, and Lacy intends to also purchase all shares tendered in excess of that minimum number. The Offer will expire at 5:00 p.m., Eastern Standard Time, on December 10, 2004, unless extended or earlier terminated. The terms and conditions of the Offer will be set forth in an Offer to Purchase and Letter of Transmittal dated November 9, 2004.

Participation in the Offer will be voluntary. Neither Lacy nor FinishMaster will make any recommendation as to whether FinishMaster shareholders should tender their shares.

This press release does not constitute an offer or solicitation to purchase shares of FinishMaster Common Stock. That offer may be made only pursuant to the Offer to Purchase and related Letter of Transmittal.

Georgeson Shareholder Communications, Inc., will act as the Information Agent for the Offer and EquiServe Trust Company, N.A. will act as Depositary for the Offer.

On November 5, 2004, Lacy owned 5,587,516 shares of FinishMaster Common Stock, representing approximately 72.5% of the FinishMaster shares outstanding on that date. In addition to the tender of a minimum of 850,000 FinishMaster shares in the Offer, certain other conditions apply.