COMPREHENSIVE CARE CORP.

ADDRESS: 18551 Von Karman Ave., Irvine

BUSINESS: Develops and manages programs for treatment of alcoholism and psychiatric treatment. Provides rehabilitation therapy services. Operates long-term care facilities.

ASSETS: $229.9 million (May 31, 1988)

NUMBER OF EMPLOYEES: NA

TOP EXECUTIVES:

Cash Name Position Compensation B. Lee Karns Chairman, chief executive officer $488,449 James P. Carmany Executive vice president $151,489 Robert L. Kasselmann Executive vice president $210,166 William J. Nicol Executive vice president $207,234

Source: Company proxy report dated Aug. 29, 1988.

BOARD OF DIRECTORS

Name Age Occupation B. Lee Karns 58 Chairman and chief executive of the company Robert L. Kaselmann 52 Executive vice president of the company William J. Nicol 44 President of CareUnit Inc. & RehabCare Corp. Warren G. Elliott 61 Attorney with the law firm of Epstein, Becker, Barsody & Green Robert B. Hunter 69 Retired physician Stanley R. Nelson 61 Retired, former president of Henry Ford Health Care Corp. Tom E. Nesbitt Sr. 65 Physician

Shares % of total Name owned shares B. Lee Karns 192,106 1.9 Robert L. Kaselmann 13,564 0.1 William J. Nicol 5,464 -- Warren G. Elliott -- -- Robert B. Hunter 5,000 -- Stanley R. Nelson -- -- Tom E. Nesbitt Sr. -- --

OTHER MAJOR SHAREHOLDERS

Shares % of total Name owned shares Invista Capital Management 669,247 6.6 J.P. Morgan & Co. 740,360 7.3 Nicholas Co. 712,000 7.0 Value Investors 756,221 7.5 Wellington Management/Thorndike 706,409 7.0

Source: Company report dated June 30, 1988.

FINANCIAL RESULTS

Fiscal year ends May. 31. Earnings and revenue in millions of dollars.

1988 1987 1986 1985 Sales $211.2 $192.4 $188.1 $153.9 Earnings (loss) 9.0 12.1 13.1 17.2 Per share 0.88 0.90 0.87 1.13

STOCK DATA

Stock exchange, symbol: OTC, CMPH

Shares outstanding (6/30/88): 10,143,000

52-week high: $21.625

52-week low: $11.00

Recent closing price per share: $8.00

Market value of common stock: $81.1 million