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AutoZone Gets OK for Third Stock Repurchase

9 June 1999

AutoZone Announces Approval for Third Stock Repurchase

    MEMPHIS, Tenn., June 9 -- John C. Adams Jr., chairman and
chief executive officer of AutoZone, Inc. , announced that the
AutoZone board of directors, at a regularly scheduled board meeting, approved
the repurchase of up to $150 million of the company's common stock in the open
market.  This is in addition to the $100 million approved repurchase announced
in January, 1998, and the $150 million approved repurchase announced in
October, 1998.

    As previously announced, as of May 8, 1999, AutoZone had repurchased
$159.8 million worth of its common stock.

    AutoZone sells auto and light truck parts, chemicals and accessories
through 2,695 AutoZone and Chief stores in 39 states in the U.S. and 4
AutoZone stores in Mexico.  Chief stores are being converted to AutoZone
stores. AutoZone also sells heavy-duty truck parts through 43 TruckPro stores
in 14 states, and automotive diagnostic and repair software through ALLDATA.