Angelica Signs Sale Agreements.

Business Editors

ST. LOUIS--(BUSINESS WIRE)--April 18, 2002

Angelica Corporation (NYSE:AGL) announced today that it has signed separate asset purchase and sale agreements with Cintas Corporation and Medline Industries for the sale of Angelica's Manufacturing and Marketing segment. As previously reported, Cintas will purchase certain assets of the non-healthcare business of the segment, and Medline will purchase certain assets of the healthcare business of the segment. The financial terms of the two agreements are consistent with the charges relating to the sale reflected in the financial results for fiscal 2002 made public on March 21, 2002.

Closing of the sale to Cintas is expected to occur this week, and the agreement with Medline is presently scheduled to close in about 30 days. Following closing of the two sales, there will be a gradual and orderly transition of the business of the Manufacturing and Marketing segment to the purchasers over a period of approximately six months. The objective of the transition will be to provide continuing excellent customer service to the customers being transferred.

Don W. Hubble, Chairman, President and Chief Executive Officer of Angelica said, "I continue to believe that the sale of the Manufacturing and Marketing segment is in the best long-term interests of all stakeholders of Angelica. This is in spite of the short-term negative impact to some." He went on to say, "Once again I want to thank Charley Molloy, the President of Manufacturing and Marketing, and Helen Loader, the President of our Canadian operations, for their dedicated service and past contributions."

Angelica Corporation, traded on the New York Stock Exchange under the symbol AGL, provides textile rental and laundry services to healthcare institutions, and operates a national chain of retail uniform and shoe stores.