Exhibit 99.2 NOTICE OF GUARANTEED DELIVERY FOR RIGHTS CERTIFICATES ISSUED BY AMF BOWLING, INC. This form, or one substantially equivalent hereto, must be used to exercise Rights pursuant to the Rights Offering described in the prospectus dated June 28, 1999 (the "Prospectus") of AMF Bowling, Inc., a Delaware corporation (the "Company"), if a holder of Rights cannot deliver the rights certificates evidencing the Rights (the "Rights Certificate(s)"), to the Subscription Agent listed below (the "Subscription Agent") at or prior to 5:00 p.m., New York City time, on July 28, 1999, unless extended (the "Expiration Date"). Such form must be delivered by hand or sent by facsimile transmission or mail to the Subscription Agent, and must be received by the Subscription Agent on or prior to the Expiration Date. See the discussion set forth under "The Rights Offering" in the Prospectus. Payment of the Subscription Price of $5.00 per share for each share of common stock, $0.01 par value (the "Common Stock"), of the Company subscribed for upon exercise of such Rights must be received by the Subscription Agent in the manner specified in the Prospectus at or prior to the Expiration Date if the Rights Certificate evidencing such Rights is being delivered pursuant to the procedure for guaranteed delivery thereof. See the discussion set forth under "The Rights Offering--Guaranteed Delivery Procedures" in the Prospectus. All undefined capitalized terms used herein have the definitions ascribed to them in the Prospectus. The Subscription Agent is: ChaseMellon Shareholder Services, L.L.C. By Courier: Registered Mail: By Hand: ChaseMellon Shareholder ChaseMellon Shareholder ChaseMellon Shareholder Services, L.L.C. Services, L.L.C. Services, L.L.C. 85 Challenger Road--Mail Post Office Box 3301 120 Broadway, 13th Floor Drop-Reorg South Hackensack, NJ New York, NY 10271 Ridgefield Park, NJ 07606 Attention: 07660 Attention: Reorganization Reorganization Attention: Department Department Reorganization Department By Facsimile (Eligible Institutions Only): (201) 296-4293 To confirm receipt of facsimile only: (201) 296-4860 The address and telephone numbers of the Information Agent, for inquiries, information or requests for additional documentation are as follows: D. F. King & Co., Inc. 77 Water Street New York, New York 10005 Banks and Brokers Call Collect: (212) 269-5550 All Others Call Toll Free: (800) 628-8532 DELIVERY OF THIS INSTRUMENT TO AN ADDRESS OTHER THAN AS SET FORTH ABOVE OR TRANSMISSION VIA A FACSIMILE MACHINE OTHER THAN AS SET FORTH ABOVE DOES NOT CONSTITUTE A VALID DELIVERY. Ladies and Gentlemen: The undersigned hereby represents that he or she is the holder of Rights Certificate(s) representing ___________ Rights and that such Rights Certificate(s) cannot be delivered to the Subscription Agent at or before the Expiration Date. Upon the terms and subject to the conditions set forth in the Prospectus, receipt of which is hereby acknowledged, the undersigned hereby elects to exercise (i) the Basic Subscription Privilege to subscribe for one share of Common Stock per Right with respect to _______ of the Rights represented by such Rights Certificate, (ii) the Over-Subscription Privilege relating to each such Right to subscribe, to the extent that shares ("Excess Shares") are not subscribed for pursuant to exercises under the Basic Subscription Privilege, for an aggregate of up to _______ Excess Shares and/or (iii) the Conditional Over-Subscription Privilege relating to each such Right to subscribe, to the extent that (a) shares ("Second Excess Shares") are not subscribed for pursuant to exercises under the Basic Subscription Privilege and the Over-Subscription Privilege and (b) the aggregate Subscription Prices paid with respect to exercises under Basic Subscription Privileges and the Over-Subscription Privileges by all holders of Rights do not equal or exceed $120 million, for an aggregate of up to ___ Second Excess Shares. The undersigned understands that payment of the Subscription Price of $5.00 per share for each share of the Common Stock subscribed for pursuant to the Basic Subscription Privilege, Over-Subscription Privilege and the Conditional Over- Subscription Privilege must be received by the Subscription Agent at or before the Expiration Date and represents that such payment, in the aggregate amount of $_________, either (check appropriate box): [_]is being delivered to the Subscription Agent herewith or [_]has been delivered separately to the Subscription Agent; and is or was delivered in the manner set forth below (check appropriate box and complete information relating thereto); [_]wire transfer funds name of transferor institution ___________________________________________ date of transfer _________________________________________________________ confirmation number (if available) _______________________________________ [_]uncertified check (Payment by uncertified check will not be deemed to have been received by the Subscription Agent until such check has cleared. Holders paying by such means are urged to make payment sufficiently in advance of the Expiration Date to ensure that such payment clears by such date). [_]certified check [_]bank draft (cashier's check) [_]money order name of maker ____________________________________________________________ date of check, draft or money order number _______________________________ bank on which check is drawn or issuer of money order ____________________ SIGNATURE(S) ________________________ ADDRESS(ES) _________________________ NAME(S) _____________________________ ------------------------------------- (ZIP CODE) ( ) - ------------------------------------- TEL. NO(S). _________________________ - ------------------------------------- ------------------------------------- (PLEASE TYPE OR PRINT) RIGHTS CERTIFICATE NO(S). (IF AVAILABLE) 2 GUARANTEE OF DELIVERY (NOT TO BE USED FOR RIGHTS CERTIFICATE SIGNATURE GUARANTEE) The undersigned, a member firm of a registered national securities exchange or member of the National Association of Securities Dealers, Inc., commercial bank or trust company having an office or correspondent in the United States, or another "Eligible Guarantor Institution" as defined in Rule 17Ad-15 under the Securities Exchange Act of 1934, as amended, hereby guarantees that within three New York Stock Exchange trading days from the date of receipt by the Depository of this Notice of Guaranteed Delivery, the undersigned will deliver to the Subscription Agent the certificates representing the Rights being exercised hereby, with any required signature guarantees and any other required documents. Name of Firm: ______________________________________________________ Address: ___________________________________________________________ Zip Code: __________________________________________________________ Area Code and Telephone Number: ____________________________________ Authorized Signature: ______________________________________________ Title: _____________________________________________________________ NAME: ______________________________________________________________ (Please Type or Print) The institution which completes this form must communicate the guarantee to the Subscription Agent and must deliver the Rights Certificates to the Subscription Agent within the time period shown herein. Failure to do so could result in a financial loss to such institution. DO NOT SEND RIGHTS CERTIFICATES WITH THIS FORM 3