Universal Technical Institute (UTI) Announces Proposed 5.65M Share Common Offering

Universal Technical Institute, Inc. (NYSE: UTI), the leading provider of transportation technician training, announced today that it intends to offer and sell 5,650,000 shares of its common stock in an underwritten public offering. In addition, Universal Technical Institute intends to grant the underwriters a 30-day option to purchase up to 847,500 additional shares of common stock. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.

Universal Technical Institute intends to use the net proceeds from the offering for general corporate purposes, which may include the addition of new campuses, the expansion of existing programs, the development of new programs, the purchase of real property and campus infrastructure as well as the potential funding of strategic acquisitions of complementary businesses, assets, services or technologies. Proceeds from the offering may also be used for working capital and other capital expenditures.

B. Riley FBR is serving as the sole book-running manager in this offering. Lake Street is serving as lead manager and Dougherty & Company is serving as co-manager in this offering.

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