Ingles Markets, Incorporated Announces Final Results of Tender Offer and Consent Solicitation

* Reuters is not responsible for the content in this press release.

Wed May 27, 2009 8:00pm EDT

ASHEVILLE, N.C.--(Business Wire)--
Ingles Markets, Incorporated (NASDAQ: IMKTA) ("Ingles" or the "Company")
announced today the final results of its previously announced tender offer and
consent solicitation (the "Offer") for its 8 7/8% Senior Subordinated Notes due
2011 (the "Notes") (CUSIP No. 457030AC8). The Offer expired at 11:59 p.m., New
York City time, on May 26, 2009 (the "Expiration Date"). 

As of the Expiration Date, tenders and consents had been received from holders
of $335.8 million in aggregate principal amount, representing approximately
96.0%, of the outstanding Notes. The Company has elected to redeem the remaining
outstanding Notes on June 1, 2009, at a redemption price of 101.369%. 

This press release is neither an offer to purchase nor a solicitation of an
offer to sell the Notes. 

Ingles Markets, Incorporated is a leading supermarket chain with operations in
six southeastern states. Headquartered in Asheville, North Carolina, the Company
operates 200 supermarkets. In conjunction with its supermarket operations, the
Company also operates 73 neighborhood shopping centers, all but 16 of which
contain an Ingles supermarket. The Company's Class A Common Stock is traded on
The NASDAQ Stock Market's Global Select Market under the symbol IMKTA. For more
information about the Company, visit Ingles' website at www.ingles-markets.com. 

The comments in this press release contain certain forward-looking statements.
Ingles undertakes no obligation to publicly release any revisions to any
forward-looking statements contained herein to reflect events or circumstances
occurring after the date hereof or to reflect the occurrence of unanticipated
events, except as required by law. Ingles' actual results may differ materially
from those projected in forward-looking statements made by, or on behalf of,
Ingles. Factors that may affect results include changes in business and economic
conditions generally in Ingles' operating area, pricing pressures, increased
competitive efforts by others in Ingles' marketing areas and the availability of
financing for capital improvements. A more detailed discussion of these factors
may be found in reports filed by the Company with the Securities and Exchange
Commission including its 2008 Form 10-K and 2009 Forms 10-Q.





Ingles Markets, Incorporated
Ron Freeman, 828-669-2941 (Ext. 223)
Chief Financial Officer 



Copyright Business Wire 2009

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