=20 ---------------------------------------------------------------------- This article was sent to you by someone who found it on SF Gate. The original article can be found on SFGate.com here: http://www.sfgate.com/cgi-bin/article.cgi?file=3D/news/archive/2002/04/02/f= inancial1236EST0123.DTL ---------------------------------------------------------------------- Tuesday, April 2, 2002 (AP) ExpressJet expands initial offering shares by 30 percent (04-02) 09:36 PST (AP) -- WASHINGTON (Dow Jones/AP) -- ExpressJet Holdings Inc., a unit of Continental Airlines Inc., increased the number of shares in its pending initial public offering to 26 million from 20 million, a 30 percent jump. According to a regulatory filing Tuesday with the Securities and Exchange Commission, the estimated price range will stay at $14 to $16 a share. ExpressJet, the world's second-largest regional airline based on availab= le seat miles, is selling 10 million of its common shares in the IPO, and the selling stockholder, Continental Airlines, is selling 16 million shares. The company estimates that net proceeds from the IPO will be about $137.3 million. ExpressJet intends to use the proceeds to repay a portion of its note payable to Continental Airlines. The filing said the company won't receive any of the proceeds from the sale of its common stock by Continental Airlines in the IPO. Managers of the offering have been granted an option to sell up to an additional 3.9 million shares to meet demand. ExpressJet, based in Houston, operates as Continental Express. The company's common stock has been approved for listing on the New York Stock Exchange under the symbol XJT. =20 ---------------------------------------------------------------------- Copyright 2002 AP