Aaron Rents, Inc. Announces Exercise of Overallotment Option

Jun 19, 2002

The offering was lead-managed by Wachovia Securities. SunTrust Robinson Humphrey and BB&T Capital Markets served as co-managers. A copy of the final prospectus with respect to this offering may be obtained from Wachovia Securities, St. Paul Street, 1st Floor, Baltimore, MD 21202.

Aaron Rents, Inc., based in Atlanta, currently has more than 650 Company- operated and franchised stores across the United States and Puerto Rico for the rental and sale of residential and office furniture, accessories, consumer electronics and household appliances. The Company also manufactures furniture, bedding and accessories at 10 facilities in four states.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

SOURCE Aaron Rents, Inc.

CONTACT:          Gilbert L. Danielson, Executive Vice President and Chief
                  Financial Officer of Aaron Rents, Inc., +1-404-231-0011, ext. 3334