Unitrin, Inc. Sells $300 Million of Senior Notes

CHICAGO, Jun 27, 2002 (BUSINESS WIRE) — Unitrin, Inc. (NYSE: UTR) announced that it has agreed to sell $300 million of five-year senior notes in its inaugural debt offering. The notes carry a coupon of 5.75 % and are priced at 99.786 to yield 5.80%. The notes were rated A3 (Stable) by Moody’s and A- (Stable) by Standard and Poor’s. Proceeds from the financing will be used primarily to repay short-term debt. The joint book-running underwriters for this offering are Goldman Sachs & Co. and Banc One Capital Markets.

A copy of the final prospectus may be obtained from: Goldman Sachs & Co., Prospectus Department, 85 Broad Street, New York, NY 10004 or Banc One Capital Markets, Investment Grade Securities Department, One Bank One Plaza, Suite IL 1-0595, Chicago, IL 60670.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of the notes.

Unitrin. Inc’s subsidiaries are engaged in three businesses: property and casualty insurance, life and health insurance, and consumer finance.

CONTACT: Unitrin, Inc.

Scott Renwick, 312/661-4930

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