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SAN DIEGO INDUSTRY NOTES

November 24, 1987

Mail Boxes Etc. said its board has authorized the repurchase of an additional 100,000 shares of it stock. Previously, the board authorized the repurchase of 100,000 shares, of which 25,000 shares have been bought.

The combined authorization of 200,000 shares represents about 9% of the company's total outstanding stock.

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