Cintas Corporation Announces Stock Buyback Authorization

CINCINNATI–(BUSINESS WIRE)–Cintas Corporation (Nasdaq:CTAS) announced that the Board of
Directors approved a share repurchase program under which the Company
may repurchase up to $500 million of Cintas common stock at market
prices. The number of shares to be repurchased and the timing of the
purchases will be determined at the discretion of the Board, and
repurchases may be discontinued at any time. This program does not have
an expiration date.

About Cintas

Cintas Corporation helps more than 900,000 businesses of all types and
sizes get Ready™ to open their doors with confidence every day by
providing a wide range of products and services that enhance our
customers’ image and help keep their facilities and employees clean,
safe and looking their best. With products and services including
uniforms, floor care, restroom supplies, first aid and safety products,
fire extinguishers and testing, and safety and compliance training,
Cintas helps customers get Ready for the Workday™. Headquartered
in Cincinnati, Cintas is a publicly held company traded over the Nasdaq
Global Select Market under the symbol CTAS and is a component of the
Standard & Poor’s 500 Index.

CAUTION CONCERNING FORWARD-LOOKING STATEMENTS

The Private Securities Litigation Reform Act of 1995 provides a safe
harbor from civil litigation for forward-looking statements.
Forward-looking
statements may be identified by words such as “estimates,”
“anticipates,” “predicts,” “projects,” “plans,” “expects,” “intends,”
“target,” “forecast,” “believes,” “seeks,” “could,” “should,” “may” and
“will” or the negative versions thereof and similar words, terms and
expressions and by the context in which they are used.
Such
statements are based upon current expectations of Cintas and speak only
as of the date made.
You should not place undue reliance on any
forward-looking statement.
We cannot guarantee that any
forward-looking statement will be realized.
These statements are
subject to various risks, uncertainties, potentially inaccurate
assumptions and other factors that could cause actual results to differ
from those set forth in or implied by this Press Release.
Factors
that might cause such a difference include, but are not limited to, our
ability to promptly and effectively integrate acquisitions, including
ZEE Medical; our ability to realize any synergies from acquisitions,
including ZEE Medical; the possibility of greater than anticipated
operating costs including energy and fuel costs; lower sales volumes;
loss of customers due to outsourcing trends; the performance and costs
of integration of acquisitions, including the acquisition of ZEE
Medical; fluctuations in costs of materials and labor including
increased medical costs; costs and possible effects of union organizing
activities; failure to comply with government regulations concerning
employment discrimination, employee pay and benefits and employee health
and safety; the effect on operations of exchange rate fluctuations,
tariffs and other political, economic and regulatory risks;
uncertainties regarding any existing or newly-discovered expenses and
liabilities related to environmental compliance and remediation; the
cost, results and ongoing assessment of internal controls for financial
reporting required by the Sarbanes-Oxley Act of 2002; costs of our SAP
system implementation; disruptions caused by the inaccessibility of
computer systems data, including cybersecurity risks; the initiation or
outcome of litigation, investigations or other proceedings; higher
assumed sourcing or distribution costs of products; the disruption of
operations from catastrophic or extraordinary events; the amount and
timing of repurchases of our common stock, if any; changes in federal
and state tax and labor laws; and the reactions of competitors in terms
of price and service. Cintas undertakes no obligation to publicly
release any revisions to any forward-looking statements or to otherwise
update any forward-looking statements whether as a result of new
information or to reflect events, circumstances or any other
unanticipated developments arising after the date on which such
statements are made.
A further list and description of risks,
uncertainties and other matters can be found in our Annual Report on
Form 10-K for the year ended May 31, 2016 and in our reports on Forms
10-Q and 8-K.
The risks and uncertainties described herein are
not the only ones we may face. Additional risks and uncertainties
presently not known to us or that we currently believe to be immaterial
may also harm our business.

Contacts

Cintas Corporation
J. Michael Hansen, 513-701-2079
Vice
President-Finance and Chief Financial Officer
or
Paul F.
Adler, 513-573-4195
Vice President and Treasurer