Bally Total Fitness Announces Interim Chapter 11 Plan Distribution to Former Stockholders

Bally Total Fitness Announces Interim Chapter 11 Plan Distribution to Former
Stockholders

CHICAGO, March 31 /PRNewswire/ -- Bally Total Fitness Holding Corporation
("Bally") today announced that it has commenced the process to make an initial
cash distribution to former stockholders, in accordance with the terms of
Bally's confirmed chapter 11 plan (the "Plan"). The initial cash distribution
is $.31 per share of Old Common Stock (as defined in the Plan).
Approximately $3.5 million has been reserved by Bally's disbursing agent,
pending disallowance of certain outstanding claims that were filed in Bally's
chapter 11 case. These reserved funds may fund a second distribution to
holders of Old Common Stock, but such a distribution is subject to
satisfactory resolution of the outstanding claims.
About Bally Total Fitness
Bally Total Fitness is among the largest commercial operators of fitness
centers in the U.S., with over 375 facilities located in 26 states, Mexico,
Korea, China and the Caribbean under the Bally Total Fitness(R) and Bally
Sports Clubs(R) brands. Bally offers a unique platform for distribution of a
wide range of products and services targeted to active, fitness-conscious
adult consumers.
SOURCE Bally Total Fitness Holding Corporation

Kathleen M. Boege, Senior Vice President, General Counsel of Bally Total
Fitness Holding Corporation, +1-773-399-7626, kboege@ballyfitness.com