Sonic Automotive Announces Commencement Of Exchange Offer For All 5.0% Convertible Senior Notes Due 2029

Sonic Automotive, Inc.

today announced that it has commenced an exchange offer to purchase for cash and shares of its Class A common Stock all of its outstanding 5.0% Convertible Senior Notes due 2029 (CUSIP No. 83545GAQ5) (the "Notes"). The exchange offer (the "Offer") is being made upon the terms and subject to the conditions set forth in the company's Preliminary Prospectus, dated June 25, 2012, and the related Letter of Transmittal. The Offer will expire at 12:00 midnight, New York City time, at the end of Friday, July 27, 2012, unless it is extended or earlier terminated by the company (as may be extended by the company, the "Expiration Date"). As of the date hereof, there is $134,905,000 aggregate principal amount of Notes outstanding.