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KAR Auction Services Inc Announces Setting of Record and Annual Meeting Dates

April 15, 2013

For Immediate Release
Jonathan Peisner
Treasurer and Vice President Investor Relations
(317) 249-4390
jonathan.peisner@karauctionservices.com

KAR Auction Services, Inc. Announces Setting of Record and Annual Meeting Dates

Carmel, IN, April 15, 2013 — KAR Auction Services, Inc. (NYSE: KAR) today announced that Wednesday, April 17, 2013 has been established as the record date for determining stockholders entitled to vote at the 2013 Annual Meeting of Stockholders of the Company (the “Annual Meeting”) which will be held at 9:00 a.m. EDT on Wednesday, June 12, 2013.

About KAR Auction Services
KAR Auction Services, Inc. (NYSE: KAR) is the holding company for ADESA, Inc. (“ADESA”), Insurance Auto Auctions, Inc. (“IAA”), and Automotive Finance Corporation (“AFC”). ADESA is a leading provider of wholesale used vehicle auctions with 67 North American locations and its subsidiary OPENLANE provides a leading Internet automotive auction platform. Insurance Auto Auctions is a leading salvage vehicle auction company with 163 sites across North America. Automotive Finance Corporation is a leading provider of floorplan financing to independent and franchise used vehicle dealers with 104 sites across North America. Together, KAR Auction Services provides a unique, comprehensive, end-to-end solution for our customers’ remarketing needs. Visit karauctionservices.com for additional information.