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BRIEFLY

December 24, 1987

Shamrock Holdings announced that it is extending its cash tender offer for all outstanding shares of common stock of Wherehouse Entertainment until Monday. As of Tuesday, 1,725,286 Wherehouse shares had been tendered and not withdrawn. The purpose of the extension is to preserve Shamrock's position if for any reason the previously announced tender offer for Wherehouse shares by an affiliate of Adler & Shaykin is not consummated.

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