Genesco Announces Extension to Voluntary Odd-Lot Program For Common Stock.

NASHVILLE, Tenn., Aug. 30 /PRNewswire/ --

Genesco Inc. (NYSE: GCO) today announced it has extended its voluntary program to allow shareholders owning fewer than 100 shares of Genesco common stock either to sell all of their shares or purchase enough additional shares to increase their holdings to 100 shares. Participating shareholders will receive or pay a market-based price per share, which will be uniformly applied during the program period. The program is effective from August 22, 2000 until September 22, 2000.

As previously stated, Genesco will pay the commission and all processing charges on the sale or purchase of shares in the program. The program is being administered by Georgeson Shareholder Communications Inc. Materials containing the official terms of the program will be mailed to eligible shareholders and may be obtained by contacting Georgeson Shareholder Communications Inc. at (800) 498-3032. Participants should also direct questions regarding the program to Georgeson Shareholder Communications Inc.

Genesco, based in Nashville, sells footwear and accessories in more than 765 retail stores in the U.S., principally under the names Journeys, Johnston & Murphy and Jarman, and on internet websites www.journeys.com and www.johnstonmurphy.com. The Company also sells footwear at wholesale under its Johnston & Murphy brand and under the licensed Dockers and Nautica brands. Additional information on Genesco and its operating divisions may be accessed at its website www.genesco.com.