Pep Boys Adds to National Automotive Service Network with AutoMaster Acquisition

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PHILADELPHIA, PA – July 15, 2017 – (Motor Sports Newswire) – Pep Boys, a wholly-owned subsidiary of Icahn Automotive Group LLC, announced it has acquired AutoMaster Service Center in Southington, Connecticut.

“AutoMaster Service Center has been servicing the Southington community for nearly 20 years and is a key addition for Pep Boys as we increase our service center footprint in New England,” said James Healy, Senior Vice President of Corporate Development and Strategy for Icahn Automotive Group.

AutoMaster, a family-run business since 1998, is an eight-bay shop located in Southington, a Southwestern suburb of Hartford, Connecticut. It will be converted into a full-service Pep Boys Service & Tire Center.

About Pep Boys

Since 1921, Pep Boys has been one of the nation’s leading automotive aftermarket chains, providing name-brand tires; automotive maintenance and repair; parts and expert advice for the Do-It-Yourselfer; commercial auto parts delivery; and fleet maintenance and repair to customers across the U.S. Pep Boys operates more than 8,400 service bays in over 940 locations in 35 states and Puerto Rico. Customers can find the nearest location by calling 1-800-PEP BOYS (1-800-737-2697) or by visiting www.pepboys.com. Pep Boys is owned by Icahn Automotive Group LLC.

About Icahn Automotive Group LLC

Icahn Automotive Group LLC was formed by its parent, Icahn Enterprises L.P. (NASDAQ: IEP), to invest in and operate businesses involved in aftermarket parts distribution and service. Our businesses have a singular focus: provide premium automotive parts and services at a great value. The businesses of Icahn Automotive Group today consist of Pep Boys, an automotive aftermarket retail and service chain, and Auto Plus®, an automotive aftermarket parts distributor.

Caution Concerning Forward-Looking Statements

This release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, many of which are beyond our ability to control or predict. Forward-looking statements may be identified by words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “will” or words of similar meaning. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. Such statements are qualified in their entirety by the inherent risks and uncertainties surrounding future expectations. We undertake no obligation to publicly update or review any forward-looking information, whether as a result of new information, future developments or otherwise.

Source: Icahn Automotive Group LLC

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