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O'Reilly Automotive Inc. Sale of Shares

8 April 1999

O'Reilly Automotive Inc. Sale of Shares Pursuant to Overallotment Exercise

    SPRINGFIELD, Mo.--April 7, 1999--O'Reilly Automotive, Inc. (NASDAQ/NMS-ORLY) announced today that it has closed the sale of 501,000 shares of common stock at a price to the public of $37.25 per share, pursuant to the exercise of the over-allotment option granted to Donaldson, Lufkin & Jenrette Securities Corporation, George K. Baum & Company and William Blair & Company L.L.C., as underwriters, to satisfy oversubscriptions in connection with the Company's sale of 3,000,000 shares of common stock and the sale of 340,000 shares by selling shareholders, which closed on March 31, 1999.
    Net proceeds of approximately $17.9 million from the sale of shares of common stock pursuant to the overallotment exercise, together with approximately $106.9 million previously received from the Company's sale of 3,000,000 shares of common stock, will be used by the Company to repay debt in order to facilitate future expansion of operations.
    O'Reilly Automotive, Inc. is a specialty retailer and supplier of automotive aftermarket parts, tools, supplies, equipment and accessories to both do-it-yourself customers and professional mechanics and service technicians. Founded in 1957 by the O'Reilly family, the Company currently operates 507 stores within the states of Texas, Missouri, Oklahoma, Kansas, Iowa, Arkansas, Louisiana, Nebraska and Illinois.
    Statements contained in this press release, which are not historical facts, are forward-looking statements. Such forward-looking statements are estimates reflecting the best judgment of the party making such statements based upon current information and involve a number of risks and uncertainties. Forward-looking statements contained in this press release or in other public statements of the Company should be considered in light of those factors. There can be no assurance that such factors will not affect the accuracy of such forward-looking statements. The Company assumes no obligation to update these forward-looking statements.