important to note that while accounting conventions require the charge, this write-down does notaffect cash flows.The full implementation of the restructuring is dependent upon a number of factors, including thefiling of a plan of reorganization, obtaining Bankruptcy Court approval of a disclosure statement,and confirmation and consummation of the plan of reorganization in accordance with the provisionsof the Bankruptcy Code. Additional information about Nebraska Book Company’s recapitalization isavailable at www.nebook.com/info or through the NBC restructuring hotline at 1.888.369.6612. Allmedia inquiries should be directed to the media hotline at 1.972.764.2101.**About Nebraska Book Company**Nebraska Book Company began in 1915 with a single bookstore near the University of Nebraska campusand now operates over 290 stores serving colleges and universities with more than two millionstudents. The Textbook Division serves more than 2,500 bookstores through the annual sale of oversix million textbooks, and the Complementary Services Division has installed more than 1,600technology platforms and e-commerce sites. Additional information about Nebraska Book Company canbe found at the company’s website: www.nebook.com.**Forward-Looking Statements**This press release contains “forward-looking statements” made by the Company and/or NBC Acquisition(together, the “NBC Companies”) within the meaning of the Private Securities Litigation Reform Actof 1995, including, but not limited to, statements regarding the NBC Companies’ ability toimplement the restructuring, the size and scope of the restructuring, the effect of therestructuring on the NBC Companies’ balance sheet and amount of debt outstanding, the NBCCompanies’ ability to finalize the debtor-in-possession financing, the approval of the BankruptcyCourt of the disclosure statement, growth and profitability of the NBC Companies, the NBCCompanies’ ability to continue to operate during the restructuring, and the impact of therestructuring on the NBC Companies’ business. Forward-looking statements are not guarantees offuture results and conditions but rather are subject to various factors, risks, and uncertaintiesthat could cause the NBC Companies’ actual results to differ materially from those expressed inthese forward-looking statements, including, but not limited to, **•** the potential adverse impact of the chapter 11 cases on the NBC Companies’ business,financial condition, or results of operations, including the NBC Companies’ ability tomaintain contracts and other customer and vendor relationships that are critical to the NBCCompanies’ business and the actions and decisions of the NBC Companies’ creditors and otherthird parties with interests in the NBC Companies’ chapter 11 proceedings;  **•** the NBC Companies’ ability to maintain adequate liquidity to fund the NBC Companies’operations during the chapter 11 cases and to fund a plan of reorganization thereafter,including obtaining sufficient debtor-in-possession and “exit” financing; maintainingnormal terms with the NBC Companies’ vendors and service providers during the chapter 11cases and complying with the covenants and other terms of NBC Companies’ financingagreements;
 

 
 **•** the NBC Companies’ ability to obtain court approval with respect to motions in thechapter 11 cases prosecuted from time to time and to develop, prosecute, confirm, andconsummate one or more plans of reorganization with respect to the chapter 11 cases and toconsummate all of the transactions contemplated by one or more such plans of reorganizationor upon which consummation of such plans may be conditioned;  **•** goodwill impairment or impairment of identifiable intangibles resulting in a non-cashwrite down of goodwill or identifiable intangibles; and  **•** other risks detailed in the NBC Companies’ SEC filings, in particular the NBC Companies’Annual Report on Form 10-K for the fiscal year ended March 31, 2010, all of which aredifficult or impossible to predict accurately and many of which are beyond the NBCCompanies’ control.The risks and uncertainties and the terms of any reorganization plan ultimately confirmed canaffect the value of the NBC Companies’ various pre-petition liabilities, common stock and/or othersecurities. No assurance can be given as to what values, if any, will be ascribed in the bankruptcycases to each of these constituencies. A plan of reorganization could result in holders of the NBCCompanies’ liabilities and/or securities receiving no value for their interests. Because of suchpossibilities, the value of these liabilities and/or securities is highly speculative. Accordingly,the NBC Companies urge that caution be exercised with respect to existing and future investments inany of these liabilities and/or securities. Investors and other interested parties can obtaininformation about the NBC Companies’ chapter 11 filing on the Internet at www.nebook.com/info.Court filings and claims information are available at www.kccllc.net/nbc. Caution should be takennot to place undue reliance on the NBC Companies’ forward-looking statements, which represent theNBC Companies’ view only as of the date of this press release, and which the NBC Companies assumeno obligation to update.**Media Contact:**Michelle Campbell