Edelbrock Corp. Establishes Dividend Payment Program

29 September 1999

Edelbrock Corp. Establishes Dividend Payment Program; Semiannual Payments Reflect Company's Strong Financial Position and Desire to Reward Shareholders

    TORRANCE, Calif.--Sept. 29, 1999--The Board of Directors of Edelbrock Corp. today announced that they have adopted a dividend payment program for shareholders of the company's common stock.
    The payments will be made in cash twice yearly following the company's second and fourth fiscal quarters, which conclude Dec. 25 and June 30, respectively. The initial dividend, for the first half of fiscal 2000, will be in the amount of $0.02 per share and is payable on Nov. 1, 1999 to shareholders of record on Oct. 18, 1999.
    On Sept. 29, 1999, Edelbrock had 97 shareholders of record of its common stock and approximately 5.2 million shares outstanding.
    In announcing the program, Edelbrock Chairman and Chief Executive Officer Vic Edelbrock said, "It's always been our belief that those who invest in a company have a right to expect a fair return on their investment, particularly when that company is performing well financially.
    "Paying dividends is one way we can reward our shareholders for their investment in Edelbrock, which continues to grow behind unprecedented interest in motorsports and Edelbrock's position as one of the preeminent leaders in bringing the thrill of racing home to the consumer.
    "This cash dividend program, while modest in total, reflects management's continuing attempts to reward long-term shareholders. This program, along with the previous stock re-purchase program are both designed to reward the shareholders directly despite the vagaries of the stock market itself," said Edelbrock.
    Founded in 1938, Torrance-based Edelbrock is recognized as one of the nation's premier designers, manufacturers and distributors of performance replacement parts for the automotive and motorcycle aftermarkets. In addition to three production facilities in Torrance, the company owns and operates a state-of-the-art aluminum foundry and its QwikSilver Division for motorcycle aftermarket parts in San Jacinto, Calif., at which it manufactures many of its quality products.

    Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Any statements set forth above that are not historical facts are forward-looking statements that involve known and unknown risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Potential risks and uncertainties include such factors as the financial strength and competitive pricing environment of the automotive and motorcycle aftermarket industries; product demand; market acceptance; manufacturing efficiencies; new product development; the success of planned advertising, marketing and promotional campaigns; the success of the company's, its vendors' and its suppliers' year 2000 compliance programs; and other risks identified herein and in other documents filed by the company with the Securities and Exchange Commission.