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MERCURY AIR GROUP EXTENDS EXERCISE DATE AND INCREASES PRICE ON SERIES B WARRANTS

 LOS ANGELES, April 29 /PRNewswire/ -- Mercury Air Group, Inc. (AMEX: MAX, MAX.WS.A, MAX.PR.A) announced today that its board of directors has extended from April 30, 1993, to Dec. 31, 1993, the date on or prior to which Mercury's Series A Redeemable Common Stock Purchase Warrants (exercise price of $3.50) must be exercised in order to receive a Series B Redeemable Common Stock Purchase Warrant in addition to one share of Mercury Common Stock. During the extension period, the exercise price on the Series B Warrants will be increased from $3.00 to the higher of $4.50 or 80 percent of the market price for Mercury's Common Stock. Subject to the Board's discretion to grant additional extensions, after Dec. 31, 1993, holders exercising their Series A Common Stock Purchase Warrants will only be entitled to receive one share of Mercury Common Stock.
 Mercury Air Group, Inc. provides air cargo space brokerage and palletization handling, markets aviation jet fuel service and offers ground support services to commercial airlines, general aviation aircraft and the U.S. military. Based at Los Angeles International Airport (LAX), Mercury operates air centers at four locations in California and one location in Nevada.
 -0- 4/29/93
 /CONTACT: Seymour Kahn, Chairman and CEO of Mercury Air Group, 310-646-2994/
 (MAX)


CO: Mercury Air Group Inc. ST: California IN: AIR TRN SU:

KJ-JL -- LA009 -- 2495 04/29/93 09:35 EDT
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Publication:PR Newswire
Date:Apr 29, 1993
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