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AutoZone Sets Stockholders Meeting

20 September 1999

AutoZone Sets Stockholders Meeting; Adds Board Member to Slate and Increases Stock Repurchase

    MEMPHIS, Tenn.-- AutoZone, Inc. announced its annual stockholders meeting 
will take place on Thursday, December 9, 1999, at 10 a.m. at the Orpheum 
Theatre in Memphis.  The company also established October 12, 1999, as the 
record date to determine stockholders eligible to vote at the annual meeting.

    Additionally, in the meeting held today, the board of directors voted to
increase the size of AutoZone's board from nine members to ten.  The existing
nine members were placed on the slate to be voted on at the December meeting
and a tenth was added  --  Edward S. Lampert, 37, founder and chairman of
Connecticut-based ESL Investments.  Mr. Lampert has held his position with the
firm since 1988, and ESL and its affiliates own approximately 15 percent of
AutoZone's common stock.

    The board also approved the repurchase of up to $200 million of the
company's common stock in the open market.  This is in addition to the $400
million already approved, of which approximately $370 million has been
repurchased.

    As of August 28, 1999, AutoZone sells auto and light truck parts,
chemicals and accessories through 2,711 stores in 39 states in the U.S. and 6
stores in Mexico.  AutoZone also sells heavy-duty truck parts through 46
TruckPro stores in 14 states, and automotive diagnostic and repair software
through ALLDATA.