NOTICE OF GUARANTEED DELIVERY
FOR
TENDER OF SHARES OF COMMON STOCK
(INCLUDING THE ASSOCIATED COMMON SHARE PURCHASE RIGHTS)
OF
UNIVERSAL INTERNATIONAL, INC.
(NOT TO BE USED FOR SIGNATURE GUARANTEES)
This form, or a form substantially equivalent to this form, must be used to
accept the Exchange Offer (as defined below) if certificates representing shares
of common stock, $0.05 par value per share (the "Universal Shares"), of
Universal International, Inc., a Minnesota corporation ("Universal"), are not
immediately available or time will not permit all required documents to reach
American Stock Transfer and Trust Company (the "Exchange Agent") on or prior to
the Expiration Date (as defined in the Proxy Statement/Prospectus (as defined
below)), or the procedures for delivery by book-entry transfer cannot be
completed on a timely basis. All references to Universal Shares shall include
the associated common share purchase rights issued pursuant to the Rights
Agreement, dated as of April 19, 1996, between Universal and Norwest Bank
Minnesota, National Association, as Rights Agent. This Notice of Guaranteed
Delivery may be delivered by hand or sent by facsimile transmission or mail to
the Exchange Agent. See the section of the Proxy Statement/Prospectus entitled
"THE EXCHANGE OFFER--Procedures for Accepting the Exchange Offer and Tendering
Shares."
The Exchange Agent for the Exchange Offer is:
AMERICAN STOCK TRANSFER AND TRUST COMPANY
BY HAND OR OVERNIGHT
BY MAIL: BY FACSIMILE TRANSMISSION: DELIVERY:
American Stock Transfer ( ) American Stock Transfer
and Trust Company CONFIRM FACSIMILE BY And Trust Company
40 Wall Street TELEPHONE: 40 Wall Street - 46th Floor
New York, New York 10005 ( ) New York, New York 10005
DELIVERY OF THIS NOTICE OF GUARANTEED DELIVERY TO AN ADDRESS OTHER THAN AS
SET FORTH ABOVE, OR TRANSMISSION OF INSTRUCTIONS VIA A FACSIMILE NUMBER OTHER
THAN AS LISTED ABOVE, WILL NOT CONSTITUTE A VALID DELIVERY.
This Notice of Guaranteed Delivery is not to be used to guarantee
signatures. If a signature on a Letter of Transmittal is required to be
guaranteed by an "Eligible Institution" under the instructions thereto, such
signature guarantee must appear in the applicable space provided in the
signature box on the Letter of Transmittal.
Ladies and Gentlemen:
The undersigned hereby tenders to 99 CENTS Only Stores, a California
corporation ("99 CENTS Only Stores"), upon the terms and subject to the
conditions set forth in the Proxy Statement/Prospectus of 99 CENTS Only Stores
dated , 1998 (the "Proxy Statement/Prospectus"), and the related Letter of
Transmittal (which together constitute the "Exchange Offer"), receipt of which
are hereby acknowledged, the number of Universal Shares indicated below pursuant
to the guaranteed delivery procedure set forth in the section of the Proxy
Statement/Prospectus entitled "THE EXCHANGE OFFER--Procedures for Accepting the
Exchange Offer and Tendering Shares."
- -------------------------------------------
Number of Universal
Shares______________________________________________________________________
Universal Share Certificate Numbers (if available):
____________________________________________________________________________
____________________________________________________________________________
If Universal Shares will be delivered by book-entry transfer, check one box:
/ / The Depository Trust Company
/ / Midwest Securities Trust Company
/ / Philadelphia Depository Trust Company
Account Number______________________________________________________________
Dated_______________________________________________________________________
- -------------------------------------------
- -------------------------------------------
Name(s) of Record Holder(s)
____________________________________________________________________________
____________________________________________________________________________
(PLEASE TYPE OR PRINT)
Address(es)_________________________________________________________________
____________________________________________________________________________
Zip Code
Area Code and Telephone Number______________________________________________
Signature(s)________________________________________________________________
____________________________________________________________________________
____________________________________________________________________________
Date________________________________________________________________________
- ------------------------------------------
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GUARANTEE
(NOT TO BE USED FOR SIGNATURE GUARANTEE)
The undersigned, a bank, broker, dealer, credit union, savings association
or other entity that is a member in good standing of the Securities Transfer
Agents Medallion Program, the New York Stock Exchange Medallion Signature
Guarantee Program or the Stock Exchange Medallion Program (each, an "Eligible
Institution"), hereby guarantees that either the certificates representing the
Universal Shares tendered hereby in proper form for transfer, or timely
confirmation of a book-entry transfer of such Universal Shares into the Exchange
Agent's account at a Book-Entry Transfer Facility (as defined in the Proxy
Statement/Prospectus), together with a properly completed and duly executed
Letter of Transmittal (or a manually signed facsimile thereof) with any required
signature guarantee, or an Agent's Message (as defined in the Proxy
Statement/Prospectus) in connection with a book-entry transfer of Universal
Shares, and any other required documents, will be received by the Exchange Agent
at one of its addresses set forth above within three New York Stock Exchange,
Inc. trading days after the date of execution hereof.
The undersigned acknowledges that it must deliver the Letter(s) of
Transmittal and the Universal Shares tendered hereby to the Exchange Agent
within the time period set forth above and that failure to do so could result in
a financial loss to the undersigned.
Name of Firm____________________________________________________________________
Address_________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________
Zip Code
Area Code and
Telephone Number________________________________________________________________
________________________________________________________________________________
Authorized Signature
Name____________________________________________________________________________
Please Print or Type
Title___________________________________________________________________________
Dated___________________________________________________________________________
NOTE: DO NOT SEND CERTIFICATES FOR UNIVERSAL SHARES WITH THIS NOTICE OF
GUARANTEED DELIVERY. CERTIFICATES FOR UNIVERSAL SHARES ARE TO BE
DELIVERED WITH THE LETTER OF TRANSMITTAL.
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