99 Cents Only Stores Welcomes Tom Unterman to Its Board of Directors

Business Wire, July 21, 2004

CITY OF COMMERCE, Calif. -- 99 Cents Only Stores(R) (NYSE:NDN) welcomes Tom Unterman to its Board of Directors. Tom Unterman is the founder and managing partner of Rustic Canyon Partners, a $700 million private equity and venture capital investment firm.

Previously, Tom Unterman was executive vice president and chief financial officer of The Times Mirror Company, a New York Stock Exchange corporation that was acquired by the Tribune Company in 2000. At Times Mirror, he was responsible for the company's finance and legal functions, including accounting, audit, strategic development, tax and investor relations as well as the Company's information technology efforts.

Prior to that, he was a partner of Morrison & Foerster where he specialized in corporate and securities law.

President Eric Schiffer said, "We are delighted to welcome Tom Unterman to our board. His experience should prove to be invaluable as a board member."

99 Cents Only Stores(R), the nation's oldest existing one-price retailer, operates 210 retail stores in California, Texas, Arizona and Nevada and a wholesale division called Bargain Wholesale. 99 Cents Only Stores(R) emphasizes name-brand consumables, priced at an excellent value, in attractively merchandised stores.

Note to Editors: 99 Cents Only Stores(R) news releases and information available on the World Wide Web at http://www.99only.com.