Auto Service World
News   August 21, 2002   by Auto Service World

Common Share Buy Back Program of Uni-Select Inc. (August 21, 2002)


Uni-Select Inc. has announced that the Toronto Stock Exchange has accepted its notice of intention to renew a “normal course issuer bid” to purchase some of its outstanding common shares through the facilities of such exchange.
Up to 905,876 common shares, representing approximately 5% of the 18,117,520 outstanding common shares as at August 19, 2002 may be sought under the bid.
The common shares will be purchased by Uni-Select Inc. for cancellation. The number of shares that Uni-Select Inc. intends to purchase and the time of such purchases will be determined by Uni-Select Inc., at its discretion. The purchase period will begin August 22, 2002 and will end on the earlier of August 21, 2003 or the date on which Uni-Select Inc. will have either acquired the maximum number of shares or otherwise decided not to make any further purchases.
The Board of Directors of Uni-Select Inc. has concluded that purchase of up to 905,876 common shares is a desirable use of funds for Uni-Select Inc. and, therefore, would be in the best interests of Uni-Select Inc. and its shareholders. The purpose of the purchases of common shares is to increase the proportionate share interest in Uni-Select Inc. of those shareholders who retain their shares.
During the last twelve months, Uni-Select Inc. has not purchased any common shares under a normal course issuer bid which expired on August 9, 2002. To the knowledge of Uni-Select Inc., after reasonable inquiry, no director, senior officer or any of their associates, or any person acting jointly or in concert with Uni-Select Inc., or any person holding 10% or more of the voting shares currently intends to sell common shares under the issuer bid.


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