Coinmach Service Corp. Declares Dividend

  
    
  
  
    
      Coinmach Service Corp. (Amex: “DRA”, 
      “DRY”), a leading 
      supplier of outsourced laundry equipment services for multi-family 
      housing properties in North America, announced dividend payments on its 
      outstanding Class A common stock, IDS units and Class B common stock.
    
    
      With respect to the Class A common stock, the Company announced a 
      dividend payment of $0.206 per share. The dividend payment on the Class 
      A common stock not underlying IDSs will approximate $3.3 million in the 
      aggregate.
    
    
      Each IDS unit will receive a distribution of $0.375, which will consist 
      of a declared dividend of approximately $0.206 per share of Class A 
      common stock underlying such IDS unit (or approximately $2.8 million in 
      the aggregate) and an interest payment of approximately $0.169 per note 
      underlying such IDS unit (or approximately $2.3 million in the 
      aggregate).
    
    
      The Company also declared a dividend on its shares of Class B common 
      stock outstanding in an approximate amount of $0.428 per share (or 
      approximately $10 million in the aggregate) in respect of the year ended 
      March 31, 2007. Class A common stock dividends are paid quarterly, and 
      Class B common stock dividends are paid annually.
    
    
      The distributions payable in respect of the IDSs and the dividends 
      payable in respect of the Class A common stock and the Class B common 
      stock will be paid on June 1, 2007 to holders of record as of the close 
      of business on Friday, May 25, 2007.
    
    
      Based on the closing IDS unit price of $19.30 at the end of trading on 
      Monday, May 14, 2007, the total quarterly payment of approximately 
      $0.375 per IDS unit (which includes both dividends and interest) 
      represents an annualized yield of approximately 7.8%. Also, based on the 
      closing price of the Class A common stock of $10.61 at the end of 
      trading on Monday, May 14, 2007, the total quarterly payment of 
      approximately $0.206 per share represents an annualized yield of 
      approximately 7.8%.
    
    
      The IDS distribution is consistent with the Company's dividend policy 
      pursuant to which it plans to make annual distributions to IDS holders 
      aggregating approximately $1.50 per unit, representing approximately 
      $0.675 per unit of interest payments and approximately $0.825 per unit 
      of dividend payments, and annual dividends to holders of Class A common 
      stock aggregating $0.825 per share. The next anticipated dividend and 
      interest payment date for the IDS unit and Class A common stock is 
      scheduled for September 1, 2007.
    
    
      Coinmach Service Corp., through its operating subsidiaries, is a leading 
      supplier of outsourced laundry equipment services for multi-family 
      housing properties in North America. Coinmach's core business involves 
      leasing laundry rooms from building owners and property management 
      companies, installing and servicing laundry equipment and collecting 
      revenues generated from laundry machines.