ADESA, Inc. Announces It Has Received Requisite Consents With Respect to Its Tender Offer and Consent Solicitation for Its 7 5/8% Senior Subordinated Notes Due 2012



    CARMEL, IND., April 6 /CNW/ - ADESA, Inc. (the "Company") announced today
that it had received, as of 5:00 p.m., New York City time, on April 5, 2007,
tenders and consents from holders of over 99% of the aggregate principal
amount of the Company's outstanding 7 5/8% senior subordinated notes due 2012
(the "Notes") in connection with its cash tender offer and consent
solicitation for the Notes, which commenced on March 22, 2007. The tender
offer and consent solicitation is being conducted in connection with the
previously announced merger pursuant to which affiliates of Kelso & Company,
GS Capital Partners, ValueAct Capital and Parthenon Capital will acquire all
of the Company's outstanding common stock for $27.85 per share in cash and the
Company will become a wholly owned subsidiary of KAR Holdings, Inc. (the
"Merger"). The completion of the tender offer and consent solicitation is
conditioned on, among other things, the closing of the Merger.

    It is expected that the Company will execute a supplemental indenture
(the "Supplemental Indenture") to the indenture governing the Notes (the
"Indenture") to, among other things, eliminate substantially all of the
restrictive covenants, certain events of default provisions and certain
defeasance provisions in the Indenture. The Supplemental Indenture will become
effective immediately upon execution but will not become operative until at
least a majority in aggregate principal amount of the outstanding Notes have
been accepted for purchase pursuant to the terms of the tender offer and the
consent solicitation.

    The consent solicitation expired at 5:00 p.m. New York City time, on
April 5, 2007 (the "Consent Time"). Holders who validly tendered Notes on or
prior to the Consent Time will receive a consent payment of $30 per $1,000
principal amount of the Notes validly tendered and accepted for purchase (the
"Consent Payment"), in addition to the tender offer consideration. Holders who
validly tender their Notes after the Consent Time but before the expiration of
the tender offer will not receive the Consent Payment, and will receive
payment of the tender offer consideration for Notes accepted for purchase on
the applicable settlement date in accordance with the terms of the Offer
Documents (as defined below). The tender offer will expire at 8:00 a.m. New
York City time, on April 23, 2007, unless extended or earlier terminated (such
date and time, as the same may be modified, the "Expiration Time").

    Bear, Stearns & Co. Inc. is acting as Dealer Manager for the tender offer
and as the Solicitation Agent for the consent solicitation and can be
contacted at (212) 272-5112 (collect) or (877) 696-BEAR (toll free). D.F. King
& Co., Inc. is the Information Agent and can be contacted at (212) 269-5550
(collect) or (888) 628-9011 (toll free). Copies of the Offer Documents and
other related documents may be obtained from the Information Agent.

    The tender offer and consent solicitation are being made solely on the
terms and conditions set forth in the Offer to Purchase and Consent
Solicitation Statement dated March 22, 2007 and the related Consent and Letter
of Transmittal, as the same may be amended from time to time (the "Offer
Documents"). Under no circumstances shall this press release constitute an
offer to buy or the solicitation of an offer to buy the Notes or any other
securities of the Company. The tender offer and consent solicitation are being
made solely pursuant to the Company's Offer Documents. This press release also
is not a solicitation of consents to the proposed amendments to the Indenture.
No recommendation is made as to whether holders of the Notes should tender
their Notes or give their consent to the proposed amendments to the Indenture.

    About ADESA, Inc.

    Headquartered in Carmel, Indiana, ADESA, Inc. (NYSE:  KAR) is North
America's largest publicly traded provider of wholesale vehicle auctions and
used vehicle dealer floorplan financing. The Company's operations span North
America with 54 ADESA used vehicle auction sites, 42 impact salvage vehicle
auction sites and 85 AFC loan production offices. For further information on
ADESA, Inc., visit the Company's website at http://www.adesainc.com.

    Forward-Looking Statements

    This press release contains forward-looking statements based on current
ADESA management expectations. Those forward-looking statements include all
statements other than those made solely with respect to historical fact.
Numerous risks, uncertainties and other factors may cause actual results to
differ materially from those expressed in any forward-looking statements.
These factors include, but are not limited to, (1) the occurrence of any
event, change or other circumstances that could give rise to the termination
of the merger agreement; (2) the outcome of any legal proceedings that have
been or may be instituted against ADESA and others relating to the merger
agreement; (3) the inability to complete the Merger due to the failure to
satisfy other conditions to consummate the Merger; (4) risks that the proposed
transaction disrupts current plans and operations and the potential
difficulties in employee retention as a result of the Merger; (5) the effect
of the announcement of the Merger on our customer relationships, operating
results and business generally; (6) the ability to recognize the benefits of
the Merger; (7) the amount of the costs, fees, expenses and charges related to
the Merger; (8) significant changes in volume of vehicles bought, sold or
financed by ADESA's customers; (9) the mix of vehicles sold at ADESA's
auctions and OEM pricing programs; (10) fluctuations and volatility in the
market value of used and salvage vehicles; (11) ADESA's ability to execute its
strategic initiatives successfully; and (12) other risks described from time
to time in ADESA's filings with the Securities and Exchange Commission,
including the Annual Report on Form 10-K for 2006. Many of the factors that
will determine the outcome of the subject matter of this press release are
beyond ADESA's ability to control or predict. ADESA undertakes no obligation
to revise or update any forward-looking statements, or to make any other
forward-looking statements, whether as a result of new information, future
events or otherwise.




For further information:

For further information: ADESA, Inc. Analyst Contact: Jonathan Peisner,
Treasurer, 317-249-4390 or Media Contact: Julie Vincent, Director of Corporate
Communications, 317-249-4233

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ADESA, INC.

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