Gabelli & Company, Inc., as previously announced, will host a meeting on Thursday, March 1, 2007
at 4:30PM to discuss a proposed transaction in which Adesa, Inc. (NYSE: KAR - News) would be
acquired by a consortium of private equity firms.
Despite overwhelming interest from the institutional community, Adesa's management has elected
not to participate in this meeting. Nevertheless, we expect numerous shareholders and several of
the institutional proxy advisory firms to be in attendance. The four private equity firms attempting
to acquire Adesa have yet to confirm their participation.
This meeting is another in a series held by Gabelli & Company focused on shareholder initiatives
and value surfacing activities.
Gabelli & Company, Inc., an institutional research and brokerage firm, is a subsidiary of GAMCO
Investors, Inc. (NYSE: GBL).