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THE PRICE COMPANY ELECTS NEW DIRECTOR

 THE PRICE COMPANY ELECTS NEW DIRECTOR
 SAN DIEGO, Nov. 4 /PRNewswire/ -- The Price Company


(NASDAQ: PCLB), announced today that Paul Kinloch has been elected a director of the company.
 Kinloch, 47, is a managing director of Lehman Brothers. He has been The Price Company's principal investment banking representative for several years. He is also a director of Orbital Sciences Corp.
 Additionally, the company announced that Paul Peterson has been elected vice chairman of the board. Peterson, 63, who has been a director of the company since its inception in 1976, is a senior member of the San Diego law firm of Peterson & Price.
 Kinloch, is filling a vacancy on the board of directors created by the resignation of Giles Bateman. Bateman, formerly an executive vice president and chief financial officer resigned as an officer of the company in May of this year. He resigned from the board last week.
 The company currently operates 73 Price Clubs of which 12 are in Canada.
 -0- 11/4/91
 /CONTACT: Daniel T. Carter, VP - finance of The Price Company, 619-581-4889/
 (PCLB) CO: The Price Company ST: California IN: REA SU: PER AL -- SD004 -- 0959 11/04/91 17:46 EST
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Publication:PR Newswire
Date:Nov 4, 1991
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