Bergstrom Capital announces repurchase program.

SEATTLE--(BUSINESS WIRE)--Feb. 10, 1997--The board of directors of Bergstrom Capital Corp., a closed-end investment company, today authorized the repurchase by Bergstrom on the American Stock Exchange of up to 100,000 shares of its capital stock, or 9.0 percent of the outstanding shares.

The purchases would be made from time to time on the American Stock Exchange at prevailing market prices, but in no event in excess of the then current net asset value per share.

William L. McQueen, president of Bergstrom, stated that the decision to authorize the repurchase of shares had been made because Bergstrom shares are selling in the market at a discount from net asset value. McQueen noted that on Feb. 7, 1997 the closing price of the company's capital stock on the American Stock Exchange was $119.50, and on the same day, net asset value per share was $144.93.

The repurchases will be in addition to the previously announced authorization in Feb. 1996 to repurchase up to 50,000 shares. At Feb. 7, 1997 purchases of 43,400 shares for an aggregate price of $5,115,404 had been made under the 1996 authorization. Purchases under the 1996 authorization will be completed before purchases under the 1997 authorization commence.

For further information, contact William McQueen at 206/623-7302.

CONTACT: Bergstrom Capital Corp.

William L. McQueen, 206/623-7302