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CSK Auto and Advance Auto Parts Partner With Sequoia Capital

10 January 2000

CSK Auto and Advance Auto Parts Partner With Sequoia Capital to Launch PartsAmerica.com, Largest Auto Parts Site With National Distribution

    PHOENIX, Ariz. and ROANOKE, Va., Jan. 10 -- CSK Auto Inc., Advance Auto 
Parts and Sequoia Capital, a leading venture capital firm, announced today that 
they have signed an agreement to form a new company, PartsAmerica.com, which 
is expected to become the largest automotive parts and accessories e-commerce 
destination in the $90 billion automotive parts and accessories market.  
PartsAmerica.com will serve both the consumer and commercial markets.

    Advance Auto Parts, based in Roanoke, Va., is a retailer of automotive
parts and accessories through more than 1,600 stores in 37 states, located
primarily in the eastern and midwestern regions of the United States, Puerto
Rico and the Virgin Islands.

    CSK Auto, based in Phoenix, Az., is a retailer of automotive parts and
accessories through more than 1,100 stores located primarily in the western
United States operating under the trade names of  "Checker Auto Parts",
"Schuck's Auto Supply" and "Kragen Auto Parts".

    Unlike "virtual websites" relying on a patchwork of automotive part
wholesalers, PartsAmerica.com will leverage the existing infrastructure of
over 2,700 CSK Auto and Advance Auto Parts stores in 50 states, as well as
their 3,000 delivery vehicles and 59 state-of-the-art distribution facilities
to the benefit of PartsAmerica.com customers. CSK Auto and Advance Auto Parts'
combined annual marketing budget of more than $100 million, along with the
4 million customers that visit their stores weekly, will give vast exposure to
the PartsAmerica.com brand name. Additionally, PartsAmerica.com customers will
benefit from prompt delivery and competitive pricing based on the availability
of Advance Auto Parts and CSK Auto's more than $1 billion in inventory and
their unparalleled buying power.

    PartsAmerica.com will offer both retail and commercial customers the
widest available selection of automotive parts and delivery options, including
same-day delivery, local in-store pickup, and overnight shipment.  In
addition, because of the 50-state coverage, customers will be able to return
or exchange merchandise at their local CSK or Advance Auto Parts store.  Prior
to the PartsAmerica.com official launch date, customers can order parts and
accessories through CSK Auto's existing e-commerce site, cskauto.com, which
will be incorporated into PartsAmerica.com.

    CSK Auto and Advance Auto Parts will own equal stakes in PartsAmerica.com.
Sequoia Capital will be the lead investor with additional funding from CSK,
Freeman Spogli & Co., Sears, Roebuck & Co. and Ripplewood Holdings
LLC.

    Maynard Jenkins, Chief Executive Officer of CSK, commented: "This joint
venture represents another important step in the implementation of CSK's
Internet strategy. Great distribution will be the critical factor in
determining who the winners are in e-commerce.  With a presence in 50 states,
PartsAmerica.com will be able to serve customers anywhere in the United States
on a same-day basis and allow them to interact with our combined store base,
giving it a significant advantage over Internet-only businesses."

    "This industry is ripe for our entrance," he added, "because a significant
number of auto parts buyers have access to the Internet and have made a
purchase online."

    Advance Auto Parts' Chief Executive Officer Garnett Smith said, "As the
Internet becomes an important distribution channel for traditional retailers,
Advance and CSK have a clear advantage in the auto parts category.  We already
have in place the extensive logistics and infrastructure required to handle
the large variety of auto parts in demand by customers."

    Tom Stephenson, a Sequoia Capital partner, said, "Our investment in
PartsAmerica.com represents our first partnership with bricks and mortar
retailers in the U.S. We're confident that PartsAmerica.com's business model
is far superior to any option that exists for the consumer today."

    Sequoia Capital is a leading Silicon Valley venture capital firm with a
strong record of funding successful Internet companies, such as Yahoo, Etoys 
and Webvan.

    Advance Auto Parts is the trade name for Advance Stores Company,
Incorporated, a wholly owned subsidiary of Advance Holding Corporation.
Advance Holding Corporation's primary shareholders are: Freeman Spogli, a
leading private investment firm based in Los Angeles and New York, with
extensive experience in retail and in direct marketing; Sears and Ripplewood
Holdings, a private investment company.

    CSK Auto, publicly traded on the New York Stock Exchange under the symbol
"CAO," is approximately 40% owned by Investcorp and affiliates of the Trump
Group.  Investcorp is a leading global investment group with offices in New
York, London and Bahrain.  The Trump Group is a leading private investment
firm based in Miami. Investcorp and the Trump Group have extensive experience
in retail and Internet investments.