Marks Bros. Jewelers, Inc.

Ticker: MBJI		155 North Wacker Drive
Exchange: NASDAQ-National Market		Chicago, Illinois 60606
Industry: Retail		(312) 782-6800

Type of Shares:	Common Shares	Filing Date:	2/29/96
U.S. Shares:	3,250,000	Offer Date:	5/2/96
Non-U.S. Shares:	0	Filing Range:	$12.00 - $14.00
Primary Shares:	3,250,000	Offer Price:	$14.00
Secondary Shares:	0	Gross Spread:	$0.98
Offering Amount:	$42,250,000	Selling:	$0.54
Expenses:	$1,900,000	Reallowance:	$0.10
Shares Out After:	8,352,767

Manager	Tier	Phone
William Blair & Company	Lead Manager	(312) 236-1600
Montgomery Securities	Co-manager	4156272220

Auditor: Coopers & Lybrand
	Audited Income	Latest Unaudited Income	Prior Unaudited Income		Balance Sheet
	1/31/96				1/31/96
Revenue:	$131.02			Assets:	$87.40
Net Income:	$2.05			Liabilities:	$135.26
EPS:				Equity:	-$47.86
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year

Business Description

The company is a leading, national specialty retailer of fine jewelry, operating 149 stores in 24 states. Founded in 1895, the company operates stores in regional and super-regional shopping malls under the names Whitehall Co. Jewellers, Lundstrom Jewelers and Marks Bros. Jewelers. The company offers at competitive prices an in-depth selection of fine jewelry in the following key categories: diamond, gold, precious and semi-precious jewelry. The company's target customers are middle to upper middle income women over 25 years old. Central to the company's growth in operating profits and its high store productivity are its small but flexible store format, the absence of recourse credit risk, its strong sales culture, and its operating efficiencies at both the store and corporate levels.

Use of Proceeds

Proceeds from the proposed offering will be used to reduce indebtedness and for working capital and other general corporate purposes, including new store openings.

Last updated: 10/28/96