---

Speedway Motorsports Elects Jack Kemp to Board of Directors

5 May 1999

Speedway Motorsports Elects Jack Kemp to Board of Directors

    CONCORD, N.C., May 5 -- The Board of Directors of Speedway
Motorsports, Inc. today elected Jack Kemp as its newest member.
    "We are very pleased to have Mr. Kemp as a member of the Board," stated
Bruton Smith, Speedway Motorsports Chairman and Chief Executive Officer.
    "I have personally known Jack for several years.  His experience includes
a Cabinet position, membership in the United States House of Representatives,
along with knowledge of the technology sector with board seats at Oracle and
Proxicom.  This experience brings diversity, leadership and economic
creativity to Speedway Motorsports.  We are proud to have Jack as a member of
our team."
    Mr. Kemp is co-director of Empower America, a public policy advocacy
organization he co-founded in 1993 with William Bennett and former U.N.
Ambassador Jeane Kirkpatrick.  Prior to Empower America, Mr. Kemp served for
four years as Secretary of Housing and Urban Development.  He was the author
of the Regan tax cuts in 1981 and 1982 and was the first and strongest
advocate of Enterprise Zones to encourage entrepreneurship among the poor
through resident management and ownership of public housing.
    Mr. Kemp received the Republican Party's nomination for Vice President in
August of 1996.
    In 1995, Jack Kemp served as Chairman of the National Committee on
Economic Growth and Tax Reform, studying how reforming our tax code can
unleash the entrepreneurial spirit of Americans, and grow the economy.
    Before his appointment to the Cabinet, Mr. Kemp represented the Buffalo
area and western New York for 18 years in the United States House of
Representatives from 1971 to 1989.  He served for seven years in the
Republican Leadership as Chairman of the House Republican Conference after a
13-year career as a professional football quarterback with the San Diego
Chargers and the Buffalo Bills.
    Speedway Motorsports is a leading marketer and promoter of motorsports
entertainment in the United States.  SMI owns and operates the following
premier facilities:  Atlanta Motor Speedway, Bristol Motor Speedway, Lowe's
Motor Speedway at Charlotte, Las Vegas Motor Speedway, Sears Point Raceway and
Texas Motor Speedway.  SMI also provides event food, beverage, and souvenir
merchandising services through its Finish Line Events subsidiary, and
manufactures and distributes smaller-scale, modified racing cars through its
600 Racing subsidiary.