Morrison Offers Oddlot Buy-sell Program to Shareowners

Business Wire, August 9, 2000

Business Editors

ATLANTA--(BUSINESS WIRE)--Aug. 9, 2000

Morrison Management Specialists, Inc. (NYSE:MHI) announced today a low-cost program through which shareowners of fewer than 100 shares of Morrison common stock may purchase enough additional stock to increase their holdings to 100 shares or sell all of their holdings. Shareowners who are eligible will be notified by mail and will have until September 5, 2000 to participate.

The program, administered by Corporate Investor Communications, is entirely voluntary. Participants will pay a processing fee of one dollar per share to buy or sell, with a minimum fee of five dollars per account up to a maximum fee of forty dollars per account. Shares will be bought or sold in the open market through a designated broker. Full details are described in the materials being mailed today.

Morrison estimates that over 60% of its shareowners hold less than 100 shares. Many of Morrison's oddlot shareowners continue to hold their shares because of the cost of brokerage commissions or because of the inconvenience of buying or selling in small amounts.

Morrison Management Specialists, Inc. is the nation's second largest outsourcing provider in the healthcare and senior living industries. The Atlanta-based Company is the only true specialist that is 100% dedicated to food, nutrition and dining services. Morrison serves some of the largest and most prominent integrated healthcare systems, hospitals and senior living communities in the United States.