Press Releases

CHESAPEAKE, Va. -- August 3, 2000 -- Dollar Tree Stores, Inc. (Nasdaq:DLTR) announced today that it priced an underwritten public offering of 15,000,000 shares of common stock. The shares offered were priced at $40.00 per share. Dollar Tree Stores expects the offering to close on or about August 8, 2000. All of the shares are offered by certain shareholders of the Company.

Goldman, Sachs & Co. and Banc of America Securities LLC are the co-lead managers of the underwriting group, with Salomon Smith Barney, Deutsche Banc Alex. Brown, First Union Securities, Inc., and U.S. Bancorp Piper Jaffray serving as co-managers.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any State in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities law of any such State. The offering is made only by the Prospectus, a copy of which may be obtained from the offices of Goldman, Sachs & Co., 85 Broad Street, New York, NY 10004, (212) 902-1000.

Dollar Tree Stores, Inc. is a leading operator of discount stores offering merchandise at the fixed price of $1.00. Its stores offer a wide assortment of quality everyday general merchandise, in many traditional variety store categories. Dollar Tree Stores operates 1,634 stores in 35 states, as of June 30, 2000.

Dollar Tree Stores, Inc., Chesapeake, VA
Eric Coble or Erica Robb, (757) 321-5000