Environmental Systems Products Holdings Inc. Announces Expiration

16 October 1998

Environmental Systems Products Holdings Inc. Announces Expiration of Tender Offer for The Outstanding 9-1/8% Senior Notes Due 2001 and the Outstanding 9-5/8% Senior Subordinated Notes Due 2003 of Envirotest Systems Corp.

    NEW YORK--Oct. 16, 1998--Environmental Systems Products Holdings Inc. ("ESPH") announced today that, as of 11:59 p.m., New York City time on Oct. 15, 1998, the tender offer relating to the outstanding 9-1/8% Senior Notes due 2001 (the "9-1/8% Notes") and the outstanding 9-5/8% Senior Subordinated Notes due 2003 (the "9-5/8% Notes", and together with the 9-1/8% Notes, the "Notes") of Envirotest Systems Corp. ("Envirotest") (AMEX:ENR) had expired.
    Any questions concerning the tender offers and consent solicitations should be directed to Credit Suisse First Boston Corporation, the Dealer Manager and Solicitation Agent, MacKenzie Partners, Inc., the Information Agent, or U.S. Bank Trust National Association, the Depositary, at the telephone numbers set forth below:

Credit Suisse MacKenzie Partners, Inc. U.S. Bank Trust National
    Association First Boston Corporation

212-325-3290 212-929-5500 612-244-0721 800-221-1037 800-322-2885

    This news release is neither an offer to purchase nor a solicitation of an offer to sell securities.
    ESPH is a recently-formed holding company formed for the purposes of holding, directly or indirectly, all of the outstanding capital stock of Environmental Systems Products, Inc., a leading U.S. provider of automotive emissions testing and analysis equipment.