Gull Holdings Increases USANA Offer to $28.00 Per Share

SALT LAKE CITY--(BUSINESS WIRE)--Gull Holdings and Unity Acquisition Corp. announced today that they are amending their offer to purchase all of the outstanding shares of USANA Health Sciences, Inc. (NASDAQ:USNA). Gull and Unity have increased the price of the cash offer from $26.00 to $28.00 per share. This offer price represents the purchasers’ best and final offer, and is the highest price permitted, while meeting revolver availability requirements, under their debt financing commitment. The increased offer price is 34.4% higher than the closing price on the day prior to Gull’s announcement of its intention to commence the original offer, and a 39.1% premium to the volume weighted average price for the 30 days prior to that announcement.

Gull and Unity are formally extending the offer and related withdrawal rights to midnight, New York City time, on Monday, July 14, 2008. The tender offer was previously set to expire at midnight, New York City time, on Friday, June 27, 2008. As of the previously scheduled expiration date, 1,595,540 shares (including 605,109 shares subject to guaranteed delivery) had been tendered in and not withdrawn from the offer. These tendered shares, when taken together with the offer participants’ current holdings, constitute approximately 76.4% of the outstanding shares of USANA (on a fully diluted basis).