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AutoZone Announces Approval for Additional Stock Repurchase

10 December 1999

AutoZone Announces Approval for Additional Stock Repurchase

    MEMPHIS, Tenn., Dec. 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 $200 million of the company's common stock in the open
market, bringing the total repurchase authorization to $800 million.
    As previously announced, as of November 20, 1999, cumulative share
repurchases, including forward commitments, are $475 million and 18 million
shares.

    AutoZone sells auto and light truck parts, chemicals and accessories
through 2,796 AutoZone stores in 40 states in the U.S. and eight AutoZone
stores in Mexico.  AutoZone also sells heavy-duty truck parts through
46 TruckPro stores in 14 states, automotive diagnostic and repair software
through ALLDATA and diagnostic and repair information through alldatadiy.com .