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Coinstar Rejects Shamrock's Paid Director Nominees.

Article Excerpt
Believes Directors Should Represent All Stockholders, Not Just One

Announces Process to Expand Board and Appoint an Additional Independent and Qualified Director Selected by Major Stockholders

BELLEVUE, Wash. -- Coinstar, Inc. (NASDAQ:CSTR) today announced that immediately following the Company's 2008 Annual Meeting of Stockholders, Coinstar plans to engage in a process to add an additional independent director to its Board of Directors. The new director will be selected from a group of candidates submitted for nomination by Coinstar's major stockholders.

Coinstar believes that its process for selecting a new director from candidates suggested by a broad group of major stockholders is a far better corporate governance alternative than electing a candidate hand-picked by Shamrock Activist Value Fund ("Shamrock") without consultation with other stockholders or presentation to Coinstar's wholly independent Nominating and Governance Committee for evaluation. Coinstar emphasized that its selection process is intended as a superior alternative to the election of any Shamrock nominees.

"We firmly believe that directors should represent the interests of all stockholders, not just one," said Dave Cole, Chief Executive Officer of Coinstar. "In recent discussions, many of our...

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