Posted: July 15, 2004

Triathlon: `Equalizer' Announced for 2004 Life Time Fitness Triathlon: 11 Minutes and 9 Seconds

Unique Timing Format Allows Professional Female and Male Triathletes to Compete Head-to-Head for Event's Record $500,000 Cash Purse

With the clock ticking down to the Saturday morning, July 17, start of the 2004 Life Time Fitness Triathlon, race officials today announced the much-anticipated "Equalizer" for this year's event: 11 minutes and 9 seconds.

Based on past Life Time Fitness Triathlon course results, as well as outcomes of a number of world and American Olympic-distance events, the Equalizer allows pro women to start ahead of pro men by a predetermined amount of time, resulting in a dramatic "battle of the sexes" race to the finish for the event's record prize purse of $500,000. The first through fifth place finishers will receive $250,000, $50,000, $35,000, $25,000, and $20,000, respectively.

The announcement took place before 36 professional triathletes from 12 countries at the 2004 Life Time Fitness Triathlon Professional Triathlete Meeting in Minneapolis.

Life Time Fitness Triathlon officials carefully determine a new Equalizer each year. For the 2003 event, the Equalizer was 9 minutes and 41 seconds. In 2002, it was 9 minutes and 39 seconds. This year, the event has been expanded from an International to an Olympic distance (1.5K swim, 40K bike and 10K run), resulting in a longer Equalizer time.

About the 2004 Life Time Fitness Triathlon

On Saturday, July 17, 2004, 2,500+ amateur and professional triathletes from 12+ countries and 40+ states, along with thousands of spectators, will descend upon Minneapolis and St. Paul for the Life Time Fitness Triathlon. Racing begins at 8:00 a.m. (CST) and the event will be broadcast same-day nationally on NBC Sports from 1:00 p.m. to 2:00 p.m. (CST).

About Life Time Fitness, Inc.

Life Time Fitness (NYSE:LTM) operates distinctive and large sports, athletic, fitness and family recreation centers. As of June 5, 2004, the Company operated 35 centers in eight states, including Arizona, Illinois, Indiana, Michigan, Minnesota, Ohio, Texas and Virginia. The Company also provides consumers with nutritional products and supplements, the award-winning healthy lifestyle magazine, Experience Life, world-class athletic events, full-service spas, cafes, personal training consultation, health and nutrition education, and corporate wellness programs. Life Time Fitness is headquartered in Eden Prairie, Minnesota (www.lifetimefitness.com).