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AutoZone Finalizes Acquisition Of Auto Palace

18 February 1998

AutoZone Finalizes Acquisition Of Auto Palace

    MEMPHIS, Tenn., Feb. 17 -- AutoZone, Inc. has
finalized its acquisition of Auto Palace, John C. Adams, Jr., chairman and CEO
of AutoZone, announced today.
    Auto Palace has 112 stores in six northeastern states -- Connecticut,
Massachusetts, New Hampshire, New York, Rhode Island and Vermont.  Those
stores will be converted to AutoZone stores over the next few months.
    AutoZone sells auto parts, chemicals and accessories through its chain of
1,936 stores in 37 states.  This figure includes the new Auto Palace stores.
    Certain statements contained in this press release are forward-looking
statements.  These statements discuss, among other things, expected growth,
store development and expansion strategy, business strategies, future revenues
and future performance.  The forward-looking statements are subject to risks,
uncertainties and assumptions including, but not limited to, competitive
pressures, demand for the company's products, the market for auto parts, the
economy in general, inflation, consumer debt levels and the weather.  Actual
results may materially differ from anticipated results described in these
forward-looking statements.

SOURCE  AutoZone Inc.