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• THE SANGAMON COMPANY COMPLETES THE SALE OF SERVICE ADVANTAGE TO AHL SERVICES
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• LESLIE FAY STOCKHOLDERS APPROVE MERGER
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THE SANGAMON COMPANY COMPLETES THE SALE OF SERVICE ADVANTAGE TO AHL SERVICES

December 8, 1999

The Sangamon Company has completed the sale of its wholly-owned subsidiary, ServiceAdvantage to AHL Services (NasdaqNM:AHLS). ServiceAdvantage provides outsourced in-store merchandising and fulfillment services for major mass-market retailers including K-Mart, Wal-Mart and Target and their suppliers.

For further information, please contact Michael Meenan of Conway, Del Genio, Gries & Co., LLC, a firm providing specialized corporate finance advisory services focused on mergers and acquisitions and restructurings. Mr. Meenan’s telephone number is (212) 813-1300.