Mac-Gray to Release Fourth-Quarter and Year-End 2004 Financial Results on Monday, February 28th.

Company to Broadcast Conference Call over the Internet at http://www.macgray.com

In conjunction with its regularly scheduled quarterly financial results news release, Mac-Gray Corporation , a leading provider of innovative laundry facilities management services, and energy-efficient MicroFridge(R) appliances, to apartment properties, condos, hotels, and other multi-housing locations, and the largest provider of such services to college and university residence halls, plans to broadcast its fourth-quarter and year-end 2004 financial results conference call over the Internet on Monday, February 28, 2005 at 11:00 a.m. ET.

During the call, Stewart MacDonald, Mac-Gray's chairman and chief executive officer and Michael Shea, chief financial officer, will summarize the Company's fourth-quarter and year-end financial results and review business and operating highlights, including the Company's recent Web Service acquisition.

To participate in the conference call, please dial (719) 457-2629 or (800) 967-7140. To listen to the webcast, visit the Investor Relations section of the Company's website at http://www.macgray.com/ prior to the event's broadcast. Interested parties unable to listen to the live call may access a playback version of the call by dialing (719) 457-0820 or (888) 203-1112 and referring to confirmation code 5641886 or by accessing the archived version of the call located on the Investor Relations section of Mac-Gray's website. The playback will be available from 2:00 p.m. ET Monday, February 28th through midnight ET Sunday, March 6th.

About Mac-Gray Corporation

Founded in 1927, Mac-Gray derives its revenue principally through the contracting of card- and coin-operated laundry facilities in multiple housing facilities such as apartment buildings, colleges and university residence halls, condominiums and public housing complexes. Mac-Gray contracts its laundry rooms under long-term leases. These leases typically grant Mac-Gray exclusive contract rights to laundry rooms on the lessor's premises for a fixed term, which is generally seven to 10 years, in exchange for a negotiated portion of the revenue collected. Mac-Gray's laundry facilities business consists of approximately 45,000 multi-housing laundry rooms located in 40 states and the District of Columbia. Mac-Gray also sells, services and leases commercial laundry equipment to commercial laundromats and institutions.

Through its MicroFridge(R) division, Mac-Gray sells its proprietary MicroFridge(R) line of products, which are combination refrigerators/freezers/microwave ovens utilizing patented Safe Plug(TM) circuitry. The products are marketed throughout the United States to colleges, the federal government for military housing, hotels and motels, and assisted living facilities. MicroFridge(R) has also entered into agreements with Maytag Corporation to market Maytag's Magic Chef(R), Amana(R) and Maytag(R) lines of home appliances throughout the United States. MicroFridge(R) products bear the ENERGY STAR(R) designation. To learn more about Mac-Gray, visit the Company's website at http://www.macgray.com/.

LaundryView(TM), Intelligent Laundry Systems(TM) and MicroFridge(R) are trademarks of Mac-Gray Corporation. All other product names, service marks, and trademarks mentioned herein are trademarks of their respective owners.

   Contacts:    Michael J. Shea    Chief Financial Officer    Mac-Gray Corporation    617-492-4040 ext. 310    Email: mshea@macgray.com     Jim Buckley    Executive Vice President    Sharon Merrill Associates, Inc.    617-542-5300    Email: jbuckley@investorrelations.com  

CONTACT: Michael J. Shea, Chief Financial Officer of Mac-Gray Corporation, +1-617-492-4040 ext. 310, mshea@macgray.com; or Jim Buckley, Executive Vice President of Sharon Merrill Associates, Inc., +1-617-542-5300, jbuckley@investorrelations.com

Web site: http://www.macgray.com/