PRESS RELEASE
DOLLAR TREE STORES, INC. ANNOUNCES 50% STOCK DIVIDEND HAVING THE EFFECT
OF A 3-for-2 STOCK SPLIT
CHESAPEAKE, Virginia -- May 25, 2000 -- Dollar Tree Stores, Inc. (Nasdaq:DLTR),
the nation's largest $1.00 discount variety store chain, announced today that
its Board of Directors has approved a 50% common stock dividend, having the
effect of a 3-for-2 stock split. The new shares will be distributed on June 19,
2000, for shareholders of record as of the close of business on June 12, 2000.
The announcement was made at the Company's Annual Meeting of Shareholders held
in Norfolk, Virginia. In addition, shareholders reelected J. Douglas Perry,
Thomas A. Saunders, III and Frank Doczi to the Board of Directors.
Dollar Tree Stores, Inc. is the nation's largest $1.00 discount variety store
chain. Its stores offer a wide assortment of quality everyday general
merchandise, in many traditional variety store categories. Dollar Tree Stores
operates 1,585 stores, including 107 Dollar Express stores and 25 Spain's Card &
Gift stores, in 35 states as of May 25, 2000.
