ValueAct Capital Announces Sales of Adesa, Inc. Common Stock in Advance of Shareholders Meeting March 28, 2007

SAN FRANCISCO and BOSTON, Feb. 27 /PRNewswire/ -- ValueAct Capital ("ValueAct Capital"), an investment partnership and a shareholder of Adesa, Inc. (the "Company" or "Adesa") since August 2005, is participating with Kelso & Company, GS Capital Partners and Parthenon Capital in the acquisition of Adesa, Inc. at a price of $27.85 per share (the "Acquisition"). In connection with the Acquisition, ValueAct Capital executed an equity commitment letter which allows ValueAct Capital, at its option, to satisfy a portion of its cash equity commitment through the contribution of shares of Adesa common stock held by it immediately prior to effective time of the Acquisition. ValueAct Capital is entirely supportive of the Acquisition but, in light of the current trading price of Adesa above the Acquisition price, it is exercising its option to fund its equity commitment entirely with cash and may sell up to its entire position of 3,679,200 shares of common stock. ValueAct Capital does not intend to continue to be a shareholder of the Company if the Acquisition is not approved by shareholders at the special meeting of stockholders scheduled for March 28, 2007.

ABOUT VALUEACT CAPITAL

ValueAct Capital with approximately $4.6 billion in investments, seeks to make active strategic-block value investments in a limited number of companies. The principals have demonstrated expertise in sourcing investments in companies they believe to be fundamentally undervalued, and then working with management and/or the company's board to implement strategies that generate superior returns on invested capital. ValueAct Capital concentrates primarily on acquiring significant ownership stakes in publicly traded companies, along with a select number of control investments through open-market purchases and negotiated transactions.