Comdisco Management Buys $109 Million Of Company's Common Stock.

ROSEMONT, Ill.--(BUSINESS WIRE)--Feb 2, 1998--

Company To Use Proceeds To Buy Back Shares

Comdisco, Inc. today announced that 106 senior managers, including 100% of the company's executive officers, have purchased over three million shares, or approximately $109 million, of the company's common stock. The purchases were made under a plan designed to further align management's personal interests more closely with those of shareholders.

PLAN DETAILS:

The 106 senior managers who agreed to participate in the voluntary program took out full recourse, personal loans to purchase the newly issued Comdisco shares at Friday's all-time high closing price of $34.50. The purchased shares represent over 4% of the current total shares outstanding.

The purchases were financed by five-year, personal loans to the Comdisco senior managers at a fixed market interest rate from First Chicago NBD. Participants in the program are fully responsible for any losses, and for repaying the loans when they come due. They are at risk at all times, except in the event of death or disability, for any decline in market price. Comdisco has guaranteed repayment of the loans only in the event of default.

The company also stated that the Board of Directors has authorized that most of the proceeds will be used for purchase of the company's common stock. Purchases will depend on market and other conditions and will be made in the open market or otherwise at such prices as the company may from time to time approve.

MANAGEMENT COMMENTARY:

"Our management team has made a very strong statement about the future of Comdisco," said Jack Slevin, chairman and chief executive officer. "Not only do they want to be a part of it, they want to own a part of it. With the management team buying $109 million of the company's common stock, which has been trading at its all-time high, it is clear that they have cast a personal vote of confidence in the future of the company."

Continued Slevin, "We have always challenged our management team to think and act as owners of the company. This attitude was evident during the successful transition the company has made, over the last five years, to a technology services company. Management takes great pride in how they create value for our customers and our shareholders. It is essential that they be given the opportunity to share not only in the risks of their performance but also in the rewards."

"Our culture is one of performance, commitment and most importantly, teamwork," said Nick Pontikes, Comdisco's chief operating officer. "We believe that one of the best motivational tools we have is our own stock. In addition to the plan announced today, the company's stock is offered to all employees through the company's Employee Stock Purchase Plan. Other incentive plans utilizing Comdisco stock are: the Employee Stock Option Program, Employee Profit Sharing Plan and the Employee Stock Ownership Plan." Added Pontikes, "In addition, the company's Executive Officers are compensated under a Long Term Incentive Plan that is heavily weighted toward stock price appreciation targets. During the last year we offered a similar program known as the Cash to Option Program to other highly compensated employees. These employees gave up cash compensation and instead bought options at the then market price. The program realized a subscription rate of 80%. By encouraging long-term ownership of Comdisco stock, we can align employee incentives with shareholder interests."

Comdisco recently announced its first quarter 1998 earnings. The company set first quarter records in new business volume, earnings and revenue. The company's net income rose 21% to $34 million, from $28 million in the prior year period. Comdisco's latest 12 month revenues are $2.9 billion and its latest 12 month earnings per share are $1.48.

COMPANY DESCRIPTION:

Comdisco Inc. (NYSE:CDO), a technology services company, is one of the world's leading providers of solutions that help organizations reduce technology cost and risk. These services include asset management; business continuity; network services; and equipment leasing. For more information visit Comdisco's web site at http://www.comdisco.com

CONTACT: Comdisco, Inc.

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James J. Hyland Mary Moster

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