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

INDIANAPOLIS--Dec. 1, 20043, 2004--Lacy Distribution, Inc. ("Lacy"), a wholly owned subsidiary of LDI Ltd., LLC, announced today that it has extended its tender offer (the "Offer") for shares of FinishMaster, Inc. ("FinishMaster") Common Stock (Pink Sheets:FMST).

The Offer, which commenced November 9, 2004, and was scheduled to expire at 5:00 p.m., Eastern Standard Time, on December 10, 2004, has been extended and will expire at 5:00 p.m., Eastern Standard Time, on December 15, 2004, unless further extended.

The Offer is for a minimum of 850,000 shares of FinishMaster Common Stock. Lacy intends to purchase all shares tendered in excess of that minimum number.

Lacy elected to extend the offer to allow shareholders more time in which to 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., is acting as the Information Agent for the Offer and EquiServe Trust Company, N.A. is acting 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.

Contact: Georgeson Shareholder Communications, Inc.
17 State Street, 10th Floor
New York, New York 10004
Phone: (800) 441-4290