Hennessy Advisors, Inc. Files for Public Offering of Common Stock NOVATO, Calif., July 26 /PRNewswire-FirstCall/ -- Hennessy Advisors, Inc. announced today that it has filed a registration statement with the Securities and Exchange Commission for a public offering of common stock of the company. The proposed offering relates to shares to be sold by the company and by selling stockholders. The company is applying to list its common stock on the NASDAQ National Market under the symbol HNNA. A.G. Edwards & Sons, Inc. will act as lead manager of the offering. The public offering will be made only by means of a prospectus that, when available, may be obtained by contacting A.G. Edwards & Sons, Inc., by mail at One North Jefferson, St. Louis, MO 63103, or by telephone at 314-955-3000. Hennessy Advisors, Inc. is a publicly traded investment management firm whose principal business activity is managing, servicing and marketing its six open-end mutual funds. All of its funds are no-load and are managed using time-tested, quantitative stock selection formulas. Headquartered in Novato, CA, Hennessy Advisors, Inc. manages approximately $1.7 billion in mutual fund assets. A registration statement relating to these shares has been filed with the Securities and Exchange Commission but has not yet become effective. The shares may not be sold, nor may offers to buy be accepted, prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Neil J. Hennessy http://profnet.prnewswire.com/ud_public.jsp?userid=496838 DATASOURCE: Hennessy Advisors, Inc. CONTACT: Dan Steadman of Hennessy Advisors, Inc., +1-415-899-1555, or fax, +1-415-899-1559 Web site: http://www.hennessyadvisors.com/

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