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VALLEY AND VENTURA COUNTY BUSINESS | REGIONAL ROUNDUP

Leslie's Poolmart Inc. Now Privately Owned

June 17, 1997

Leslie's Poolmart Inc. announced that it has completed its transition to a privately held company.

The transaction was handled by Hancock Park Associates, Leonard Green & Partners L.P. and members of the company's management and was overwhelmingly approved by shareholders, the Chatsworth company said.

Instructions regarding the exchange of shares for cash will be sent out to registered shareholders.

The swimming pool supplies retailer said that the issuance of $90 million in senior notes as part of the acquisition financing had also been completed.

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