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News 2011

Insurance Auto Auctions Rolls Out Free Apple iOS and Android Apps for Live Auction Bidding

Published: December 15, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708‐492‐7328 www.iaai.com Insurance Auto Auctions Rolls Out Free Apple iOS and Android Apps for Live Auction Bidding App Is Designed with IAA’s Global Buyers in Mind and Is Fast and Easy to Use Westchester, Ill. — Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto MORE >

Insurance Auto Auctions Footprint Leads the Industry with a Relocation to an Even Larger Auction Facility in Shirley, Mass.

Published: December 5, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Insurance Auto Auctions Footprint Leads the Industry with a Relocation to an Even Larger Auction Facility in Shirley, Mass. IAA’s Growth and Expansion Continues as Performance Increases in a Down Economy Westchester, Ill. —Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company MORE >

OPENLANE Strengthens Management Team with Key Appointments

Published: October 6, 2011

For Immediate Release Eric Loughmiller Executive Vice President and Chief Financial Officer 317-249-4254 eric.loughmiller@karauctionservices.com OPENLANE Strengthens Management Team with Key Appointments Carmel, Ind. – KAR Auction Services, Inc. (NYSE:KAR) today announced three key appointments to the executive management team of OPENLANE. In the U.S., Jason Ferreri has been appointed senior vice president in charge of commercial MORE >

National Kidney Foundation Renews Long-Term Contract with Insurance Auto Auctions

Published: October 4, 2011

For Immediate Release Media Contacts: Susan Jablonski, IAA 312‐933‐8584 Anshula Ahluwalia, FTI 312‐553‐6744 For Donations 800‐488‐CARS National Kidney Foundation Renews Long-Term Contract with Insurance Auto Auctions Seventeen-Year Partnership Continues to Increase Charitable Vehicle Donations Westchester, Ill. –  The National Kidney Foundation signed a long-term agreement to continue its 17-year partnership with Insurance Auto Auctions, Inc. (IAAI), MORE >

KAR Announces Closing of OPENLANE Acquisition

Published: October 3, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Announces Closing of OPENLANE Acquisition Carmel, Ind. – KAR Auction Services, Inc. (NYSE:KAR) announced today that it has successfully completed the acquisition of OPENLANE, Inc. OPENLANE is a North American online automotive auction company that provides a market for online buyers and sellers MORE >

Insurance Auto Auctions Relocates to Gorham, Maine Facility

Published: August 16, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Insurance Auto Auctions Relocates to Gorham, Maine Facility Strategic Expansion Continues with Facilities That Offer Larger Capacity and Convenience Westchester, Ill. —Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly-owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), MORE >

KAR Announces Agreement to Acquire OPENLANE

Published: August 15, 2011

For Immediate Release Eric Loughmiller Executive Vice President and Chief Financial Officer (317) 249-4254 eric.loughmiller@karauctionservices.com KAR Announces Agreement to Acquire OPENLANE Carmel, Ind. – KAR Auction Services, Inc. (NYSE:KAR) announced today that its subsidiary, ADESA, Inc., has signed a definitive agreement to acquire the equity of OPENLANE, Inc., a leading Internet-based business-to-business automotive remarketing company. Peter MORE >

Insurance Auto Auctions Continues to Improve Industry Leading Online and Mobile Online Capabilities

Published: July 19, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708‐492‐7328 www.iaai.com Insurance Auto Auctions Continues to Improve Industry Leading Online and Mobile Online Capabilities Buyers and Providers Find Vehicles Faster and More Efficiently Online and On Their Mobile Device Westchester, Ill.  — Insurance Auto Auctions, Inc. (IAA), the leading live and live‐online salvage auto auction company and MORE >

Insurance Auto Auctions Announces John W. Kett Named President, Tom C. O’Brien Continues As CEO

Published: June 2, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Insurance Auto Auctions Announces John W. Kett Named President, Tom C. O’Brien Continues As CEO Leadership Strength Supports Future Growth Strategies Westchester, Ill. — Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly owned subsidiary of KAR Auction Services, Inc. MORE >

KAR Auction Services, Inc. Announces Amendment to Canadian Securitization Facility

Published: May 25, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Announces Amendment to Canadian Securitization Facility Transaction Extends Canadian Securitization to June 2014 and Increases Canadian Facility from CAD$75 Million to CAD$100 Million Carmel, Ind. – KAR Auction Services, Inc. (NYSE: KAR) today announced that its Canadian floorplan finance MORE >

KAR Auction Services, Inc. Completes $1.95 Billion Debt Refinancing

Published: May 20, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Completes $1.95 Billion Debt Refinancing Carmel, Ind. – KAR Auction Services, Inc. (NYSE:KAR) announced today that it has entered into a $1.7 billion, six-year senior secured term loan facility and a $250 million, five-year senior secured revolving credit facility with MORE >

KAR Auction Services, Inc. Reports First Quarter 2011 Results

Published: May 3, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Reports First Quarter 2011 Results Carmel, Ind. – KAR Auction Services, Inc. (NYSE: KAR) today reported financial results for the quarter ended March 31, 2011. For the first quarter of 2011, the company reported revenue of $482.7 million as compared MORE >

KAR Auction Services, Inc. Reports Preliminary First Quarter 2011 Results

Published: April 27, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Reports Preliminary First Quarter 2011 Results Carmel, Ind.  – In order to facilitate its previously announced debt refinancing, KAR Auction Services, Inc. (NYSE: KAR) today reported preliminary financial results for the quarter ended March 31, 2011. Based on preliminary financial MORE >

KAR Auction Services, Inc. Announces Its Intention to Refinance a Portion of Existing Indebtedness

Published: April 26, 2011

For Immediate Release Eric Loughmiller Executive Vice President and Chief Financial Officer 317-249-4254 eric.loughmiller@karauctionservices.com KAR Auction Services, Inc. Announces Its Intention to Refinance a Portion of Existing Indebtedness Carmel, Ind. – KAR Auction Services, Inc. (NYSE:KAR) announced today that it intends to refinance a portion of its existing indebtedness. The purpose of the planned refinancing is MORE >

KAR Auction Services, Inc. Announces Amendment to U.S. Securitization Facility

Published: April 26, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Announces Amendment to U.S. Securitization Facility Transaction Extends AFC Securitization to June 2014 and Increases U.S. facility from $450 Million to $650 Million Carmel, Ind. — KAR Auction Services, Inc. (NYSE: KAR) today announced that its subsidiaries Automotive Finance MORE >

KAR Auction Services Acquires AuctionTrac

Published: April 1, 2011

For Immediate Release Darci Valentine darci.valentine@adesa.com 317-249-4414 KAR Auction Services Acquires AuctionTrac Carmel, Ind. — KAR Auction Services, Inc., a leading provider of vehicle and salvage auction services in North America, today announced the acquisition of AuctionTrac, a company that developed satellite-based, GPS technology for advanced vehicle tracking. “This acquisition allows us to overcome what MORE >

Insurance Auto Auctions Helps Amend Arkansas Law to Benefit Buyers

Published: March 10, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Insurance Auto Auctions Helps Amend Arkansas Law to Benefit Buyers Westchester, Ill. — Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the passing of Arkansas House MORE >

Expansion Continues for Insurance Auto Auctions Marking Its 10th Location in Florida

Published: March 1, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Expansion Continues for Insurance Auto Auctions Marking Its 10th Location in Florida IAA’s Fort Pierce, Florida, Branch Location Offers Convenient Location and Large Capacity Westchester, Ill. — Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly owned subsidiary MORE >

Insurance Auto Auctions Opens Third Location in South Carolina

Published: February 28, 2011

For Immediate Release Jeanene O’Brien Vice President, Marketing 708-492-7328 www.iaai.com Insurance Auto Auctions Opens Third Location in South Carolina Westchester, Ill. — Insurance Auto Auctions, Inc. (IAA), the leading live and live-online salvage auto auction company and wholly owned subsidiary of KAR Auction Services, Inc. (NYSE: KAR), today announced the opening of its Columbia, South MORE >

KAR Auction Services, Inc. Announces Filing of Form 10-K for Fiscal 2010

Published: February 24, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Announces Filing of Form 10-K for Fiscal 2010 Carmel, Ind. – KAR Auction Services, Inc. (NYSE: KAR) announced today that it has filed its Form 10-K with the Securities and Exchange Commission. The Form 10-K details the company’s complete, MORE >

KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2010 Results

Published: February 23, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Reports Fourth Quarter and Full Year 2010 Results Carmel, Ind. – KAR Auction Services, Inc. (NYSE: KAR) today reported its fourth quarter and annual financial results for the period ended December 31, 2010. For the fourth quarter of 2010, the MORE >

Yellow Ribbon Coalition Joins Insurance Auto Auctions’ One Car One Difference™ National Car Donation Campaign

Published: February 9, 2011

For Immediate Release Media Contacts: Susan Jablonski, IAA 312‐933‐8584 Diana Swanson, FD 312‐553‐6703 For Donations 877‐557‐1car Yellow Ribbon Coalition Joins Insurance Auto Auctions’ One Car One Difference™ National Car Donation Campaign Partnership to Help Drive Funding to Provide America’s Service Men, Women and Their Families with Emergency Financial Assistance, Housing Needs, Employment Training, Education and MORE >

KAR Auction Services, Inc. Announces Date for 2011 Annual Meeting of Stockholders

Published: February 9, 2011

For Immediate Release Jonathan Peisner Vice President and Treasurer (317) 249-4390 jonathan.peisner@karauctionservices.com KAR Auction Services, Inc. Announces Date for 2011 Annual Meeting of Stockholders Carmel, Ind. — KAR Auction Services, Inc. (NYSE: KAR) announced today that the company’s 2011 annual meeting of stockholders will be held on Thursday, May 12, 2011. The location and time MORE >

New National Vehicle Donation Program Raises More Than $100,000 at Inaugural Kick-Off Event

Published: January 11, 2011

For Immediate Release Media Contacts: Susan Jablonski, IAA 312-933-8584 Diana Swanson, FD 312-553-6703 For Donations 877-557-1car New National Vehicle Donation Program Raises More Than $100,000 at Inaugural Kick-Off Event Five Benefactor Charities — National Kidney Foundation, Society of St. Vincent de Paul, American Heart Association, The Humane Society of the United States and Chicago Area MORE >