Contacts:
Jenny Bruso
Director of Investor Relations
Universal Technical Institute, Inc.
(623) 445-9351
Universal Technical Institute Declares Special Cash Dividend
PHOENIX June 9, 2010 Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of technical training for students seeking careers as professional automotive, diesel, collision repair, motorcycle and marine technicians, announced today that its board of directors has declared a special cash dividend on UTI common stock of $1.50 per share, payable on July 16, 2010, to common stockholders of record as of July 6, 2010.
We are pleased our business is generating sufficient cash flow to operate and grow our business while returning excess liquidity to our shareholders, said Kimberly McWaters, President and Chief Executive Officer of UTI. On an ongoing basis, we will evaluate our cash position in light of growth opportunities, operating results and general market conditions. Periodically, we may return excess cash through some combination of cash dividends or stock repurchases.
About Universal Technical Institute, Inc.
Universal Technical Institute, Inc. is the leading provider of post-secondary education for
students seeking careers as professional automotive, diesel, collision repair, motorcycle and
marine technicians. We offer undergraduate degree, diploma and certificate programs at 10 campuses
across the United States, and manufacturer-specific training programs, both student paid at our
campuses and manufacturer or dealer sponsored at dedicated training centers. Through our
campus-based school system, we offer specialized post-secondary education programs under the banner
of several well-known brands, including Universal Technical Institute (UTI), Motorcycle Mechanics
Institute and Marine Mechanics Institute (MMI) and NASCAR Technical Institute (NTI). We routinely
post important information about us on our investor relations web site at
http://uti.investorroom.com/.
Safe Harbor Statement
All statements contained herein, other than statements of historical fact, could be deemed
forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995.
Such statements are based upon managements current expectations and are subject to a number of
uncertainties that could cause actual performance and results to differ materially from the results
discussed in the forward-looking statements. Factors that could affect the Companys actual
results include, among other things, changes to federal and state educational funding, possible
failure or inability to obtain regulatory consents and certifications for new or expanding
campuses, potential increased competition, changes in demand for the programs offered by the
Company, increased investment in management and capital resources, the effectiveness of the
Companys recruiting, advertising and promotional efforts, changes to interest rates and
unemployment, general economic conditions and other risks that are described from time to time in
the public filings of the Company. Further information on these and other potential factors that
could affect the Companys financial results or condition may be found in the Companys filings
with the Securities and Exchange Commission. The forward-looking statements speak only as of the
date of this press release. The Company expressly disclaims any obligation to publicly update any
forward-looking statements whether as a result of new information, future events, changes in
expectations, any changes in events, conditions or circumstances, or otherwise.