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AutoZone Announces Approval for Additional Stock Repurchase

7 June 2000

    MEMPHIS, Tenn. - AutoZone's board of directors, at a regularly scheduled 
meeting on Tuesday approved the repurchase of up to an additional $250 million 
of the company's common stock in the open market, bringing the total repurchase 
authorization to $1.25 billion.  As previously announced, as of May 6, 2000, 
cumulative share repurchases, including forward commitments, were $907 million, 
or 34.6 million shares.

    AutoZone sells auto and light truck parts, chemicals and accessories
through 2,854 AutoZone stores in 41 states and the District of Columbia in the
U.S. and 13 AutoZone stores in Mexico.  AutoZone also sells heavy-duty truck
parts through 48 TruckPro stores in 15 states, and automotive diagnostic and
repair software through ALLDATA.