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PRESS RELEASE

Speedway Motorsports Submits Merger Offer for North Carolina Motor Speedway

3 April 1997

Speedway Motorsports Submits Merger Offer for North Carolina Motor Speedway

    CONCORD, N.C., April 2 -- Speedway Motorsports, Inc.
, today announced it has submitted a merger offer to the board of
directors of North Carolina Motor Speedway, Inc. ("NCMS") in Rockingham, N.C.
    Under the terms of the Agreement, each stockholder of NCMS would receive,
at stockholder option, either $23 in cash per share of NCMS stock or one share
of Speedway Motorsports, Inc. stock for one share of NCMS stock.  The
agreement and the merger are subject to customary conditions, and any offering
of stock would only be made by means of a prospectus.
    Speedway Motorsports, Inc. labeled the offer a "white knight" alternative
to Tuesday's proposal by another publicly traded motorsports promoter to merge
with NCMS.
    Host of two NASCAR Winston Cup events, NCMS is a one-mile oval track
located in Rockingham, North Carolina, approximately 80 miles east of
Charlotte.  The speedway was constructed in 1965 by a group of local
investors.  Its two NASCAR Winston Cup Series events are the "Goodwrench
Service 400" in February and the "ACDelco 400" in October.  It also hosts two
Busch Series Grand National Division events, the "Goodwrench Service 200" in
February and the "ACDelco 200" in October.  The track has 42,951 reserved and
3,000 unreserved grandstand seats as well as 33 luxury boxes.
   Speedway Motorsports, Inc., which owns and operates Atlanta, Bristol,
Charlotte and Texas Motor Speedways and 600 Racing, and operates Sears Point
Raceway, is a leading marketer and promoter of motorsports entertainment in
the United States.

SOURCE  Speedway Motorsports, Inc.

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CONTACT: Jerry Gappens, Speedway Motorsports, Inc., 704-455-3209