Aaron Rents, Inc. Announces Pricing of Public Offering

Jun 6, 2002

ATLANTA, Jun 6, 2002 /PRNewswire-FirstCall via COMTEX/ -- Aaron Rents, Inc. (NYSE: RNT) announced today the pricing of its public offering of 2,000,000 shares of Common Stock at $21.00 per share. Of the total shares to be offered, 1,500,000 of the shares will be offered by the Company and 500,000 shares will be offered by the selling shareholder. The Company and the selling shareholder have also granted to the underwriters an option to purchase an additional 225,000 and 75,000 shares, respectively. The Company will use the net proceeds from the offering to reduce bank debt and for general corporate purposes.

The offering is being lead-managed by Wachovia Securities. SunTrust Robinson Humphrey and BB&T Capital Markets are serving 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 11 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

URL: http://www.aaronrents.com