Guitar Center, Inc. Announces Results of Annual Meeting of Stockholders

Business Wire, May 10, 2005

WESTLAKE VILLAGE, Calif. -- Guitar Center, Inc. (Nasdaq:GTRC) today announced the results of its Annual Meeting of Stockholders held May 5, 2005. There were four proposals to be decided -- the election of directors, two amendments to the 2004 Guitar Center, Inc. Incentive Stock Award Plan, and the ratification of KPMG LLP as the Company's independent auditors for the year ending December 31, 2005. The Company's stockholders re-elected the current seven board members for one-year terms, approved the two Incentive Stock Award Plan amendments and ratified the selection of KPMG LLP.

About Guitar Center

Guitar Center is the nation's leading retailer of guitars, amplifiers, percussion instruments, keyboards, live-sound/DJ and recording equipment. We presently operate 146 Guitar Center stores, with 120 stores in 48 major markets and 26 stores in secondary markets across the U.S. In addition, the Music & Arts division operates 77 retail locations specializing in band instruments for sale and rental, serving thousands of teachers, band directors, college professors and students. Guitar Center is also the largest direct response retailer of musical instruments in the U.S. through our wholly owned subsidiary, Musician's Friend, Inc., and its catalog and web site, www.musiciansfriend.com. More information on Guitar Center can be found by visiting the Company's web site at www.guitarcenter.com.