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LoJack Corporation Increases Size of Stock Repurchase Program

14 April 1999

LoJack Corporation Increases Size of Stock Repurchase Program

    DEDHAM, Mass., April 13 -- LoJack Corporation
announced today that its board of directors had authorized an
increase in the number of shares it may purchase under its stock repurchase
program to 6,200,000 from 5,200,000.  As of April 13, 1999, the company had
repurchased 5,101,400 shares pursuant to the program.
    In reporting the increase, Joseph F. Abely, president said, "The company
plans to continue this repurchase program in open market transactions, from
time to time, depending upon the market price of its shares.  At the current
levels, which we attribute to the market's predisposition to undervalue small
cap companies, we believe that LoJack shares are underpriced and represent an
excellent investment opportunity, which we wish to take advantage of."