Converting Class B Common Stock to Class A Common Stock

Assisted Living Concepts, Inc. Class A common stock is listed and traded on the New York Stock Exchange using the symbol "ALC".  Assisted Living Concepts, Inc. Class B common stock is not publicly traded or listed on an exchange.  Transfers of Class B shares are subject to restrictions under Assisted Living Concepts, Inc.’s Articles of Incorporation.

Shares of Class B common stock can be converted into shares of Class A common stock at the rate of 1.075 Class A shares for each Class B share by sending the Class B stock certificate(s) to the transfer agent with instructions to have them converted into Class A shares.  The certificate(s) and Transmittal Letter instructions can be sent to Computershare at either of the following two addresses, depending upon whether they are sent by courier or regular mail:

If you have any questions about converting Class B shares to Class A shares, you can call:

Computershare Corporate Actions Group
877-282-1168  (in the U.S.)
1-781-575-4238  (outside the U.S.)

To resolve any problems encountered in converting Class B shares to Class A shares, you can call Laura Crosby in the Corporate Actions group at Computershare.  Her phone number is 1-781-575-2626 and her e-mail address is Laura.Crosby@computershare.com.