Books-A-Million, Inc. Announces Withdrawal of Acquisition Proposal

Books-A-Million, Inc. announced that the Anderson family has withdrawn the previously announced non-binding proposal made on April 28, 2012, to acquire all of the outstanding publicly-held shares of the common stock of the Company for $3.05 per share. After discussing the proposal with the Special Committee of the Company`s Board of Directors and its advisors, the Anderson family has decided not to pursue the proposed acquisition at this time.