Michelin F1 Ticket Refund Process for Individual Ticket Holders Now Open

INDIANAPOLIS, Aug. 8, 2005 -- Individual ticket holders to the United States Grand Prix (USGP) may begin filing claims for their Michelin ticket refund today. Stubbed Ticket Claim Forms and detailed instructions are available now at www.indianapolismotorspeedway.com, at the Indianapolis Motor Speedway (IMS) Ticket Office or on request by phone at 1-877-950-USGP (1 317 492 6700 outside the United States and Canada). Details of the program are also posted on Michelin websites.

This is the second step in the Michelin F1 Ticket Refund process which was announced on July 15. Michelin is committed to reaching as many fans as possible who purchased tickets to the USGP by delivering prompt ticket refunds. The ticket refund is being administered by IMS.

Individual ticket purchases were made by fans who purchased a race day ticket but did not establish a USGP Ticket Account. Original ticket stubs are required for these refund requests, along with a completed Stubbed Ticket Claim Form. Stubbed ticket refund requests must be postmarked by Aug. 29, 2005 to be included in the ticket refund process.

All tickets purchased for race day (June 19, 2005) are eligible for the Michelin ticket refund and, for the vast majority of ticket purchasers, no action is required. IMS has sorted information on their USGP Account Holders automatically so Michelin may provide ticket refunds directly to them. USGP Account Holders were mailed a letter in July detailing the ticket refund process. Michelin refund checks for USGP Account Holders and for individual ticket claims are expected to be issued and mailed between Sept. 19 and Sept. 26. Refunds for tickets associated with suites will be sent directly to the suite licensee and not to individual ticket stub holders.

  NOTE TO EDITORS: Stubbed Ticket Claim Form attached.

                        Michelin F1 Ticket Refund
                        Stubbed Ticket Claim Form
  Indianapolis Motor Speedway, P.O. Box 24109, Speedway, IN  46224-0109
                          1-877-950-USGP (8747)

   The Michelin Ticket Refund Program for the 2005 United States Grand Prix
   will allow fans to receive a full refund for the face value of their
   stubbed USGP race day ticket. All race day reserved seat and general
   admission (Season Pass) tickets are eligible for a refund.  Please
   complete all four steps below.

   (IMS account holders do not need to submit this form as they will receive
   an automatic refund for all tickets purchased except for the tickets
   refunded through submission of this form.)

   Step 1 of 4 - Enter Your Contact Information

   Name: ___________________________________________________________

   Address: ________________________________________________________

   City: _______________________________________ State: ____________

   ZIP/Postal Code: ____________

   Country (outside of U.S.A.): ___________________________________________

   Email: _____________________________  Phone: ______________________

   Step 2 of 4 - Enter Quantity of Stubbed Tickets Enclosed

   Quantity of original stubbed or torn tickets enclosed: _____________

   (Original stubbed tickets only - no photocopies or facsimiles

   Step 3 of 4 - Sign Below to Show Your Understanding of the Michelin
   Ticket Refund Program

   Ticket holders submitting a request for refund must be 18 years old or
   older.  *  All refund requests must include the original 2005 USGP ticket
   with legible numbers.  Photocopies of a ticket will not be accepted.  The
   tickets submitted for refund will not be returned.  *  All refunds will
   be made by check and in U.S. dollars for the face value of ticket
   redeemed.  *  Refunds will be mailed to the address provided on the
   request form.  Refunds will not be available by any means other than by
   mail.  *  Account holders who originally purchased the tickets being
   refunded will be provided with the name and address of each individual
   who receives a refund for those tickets.  *  The Michelin Ticket Refund
   Program does not provide a refund for processing fees, parking fees,
   Friday or Saturday sessions, hospitality tickets, incidental expenses,
   individual refunds of suite tickets, or a monetary refund of
   complimentary tickets.  *  Complimentary tickets may only be exchanged
   for complimentary tickets to the 2006 USGP if the event occurs in
   Indianapolis.

   Signature: ________________________________ Date: ____________________

   Step 4 of 4 - Mail Your Claim
   Mail this form and your 2005 tickets to: Michelin F1 Ticket Refund
                                            Indianapolis Motor Speedway
                                            P.O. Box 24109
                                            Speedway, IN  46224-0109

   Your claim must be post-marked by August 29, 2005 and received by
   Indianapolis Motor Speedway no later than September 9, 2005.  Please
   note, refund checks are scheduled to be mailed the week of
   September 19 - 26, 2005.  Thank you for your patience.