Capstone Turbine Corp. Announces Pricing of Public Offering of 5,000,000 Shares of Common Stock

17 November 2000

Capstone Turbine Corp. Announces Pricing of Public Offering of 5,000,000 Shares of Common Stock

    CHATSWORTH, Calif.--Nov. 17, 2000--Capstone Turbine Corp. announced the pricing of a public offering of 5,000,000 shares of common stock, 714,286 of which are being sold by Capstone and 4,285,714 of which are being sold by certain stockholders of Capstone, at a price to the public of $30.00 per share.
    Capstone and certain selling stockholders have granted the underwriters an option to purchase up to 750,000 additional shares of common stock to cover over-allotments, if any.
    Goldman, Sachs & Co. and Credit Suisse First Boston were lead managers of the underwriting group with Merrill Lynch & Co. and Morgan Stanley Dean Witter serving as co-managers. Copies of the prospectus relating to the offering may be obtained from Goldman, Sachs & Co., ATTN: Prospectus Department, 85 Broad St., Concourse Level, New York, NY 10004, telephone 212/902-1171.
    This release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state.
    A registration statement relating to these securities has been filed with and has been declared effective by the Securities and Exchange Commission.
    Capstone Turbine Corp. is a leading producer of low-emission microturbine systems.

    This press release contains "forward-looking statements," as that term is used in the federal securities laws, about Capstone's business, including statements regarding the expected future of microturbine technology and future sales. You can find many of these statements by looking for words such as "believes," "expects," "anticipates," "estimates," or similar expressions. These forward-looking statements are subject to numerous assumptions, risks and uncertainties that may cause Capstone's actual results to be materially different from any future results expressed or implied in such statements. These risks and uncertainties include those risks, uncertainties and risk factors identified, among other places, under "Risk Factors" in Capstone's registration statement on Form S-1. Capstone cautions you not to place undue reliance on these statements, which speak only as of the date of this release. Capstone undertakes no obligation to release any revisions to any forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events.