Bally Total Fitness Receives Bank Consent Extending Cross Default Deadline to August 31, 2005; Company Extends Noteholder Consent Period until August 18, 2005 to Continue Negotiations

As previously announced, the Company recently received defaultnotices under its indentures that would have triggered a cross-defaultunder Bally's credit agreement on August 14, 2005. As a result of theconsent from the lenders under the credit agreement, the cross-defaultdeadline has been extended until August 31, 2005. After that date,unless the indenture financial reporting covenant defaults are curedor waived, over $700 million of Bally's debt obligations under itscredit agreement and indentures could become immediately due andpayable.

The Company continues to negotiate with noteholders to secure anextension of the financial reporting covenant default waiver, and hasreceived consent from holders of 96.33% of the Senior Notes and 42.83%of the Senior Subordinated Notes. The Company also announced that itwill extend the consent period until August 18, 2005.

Except as set forth herein, the terms of the Consent Solicitationsremain the same as set forth in the Consent Solicitation Statementspreviously distributed to noteholders.

As previously announced, Bally has retained Deutsche BankSecurities Inc. to serve as its solicitation agent and MacKenziePartners, Inc. to serve as the information agent and tabulation agentfor the consent solicitation. Questions concerning the terms of theconsent solicitation should be directed to Deutsche Bank SecuritiesInc., 60 Wall Street, 2nd Floor, New York, New York 10005, Attention:Christopher White. The solicitation agent may be reached by telephoneat (212) 250-6008. Requests for documents may be directed to MacKenziePartners, Inc., 105 Madison Avenue, New York, New York 10016,Attention: Jeanne Carr or Simon Coope. The information agent andtabulation agent may be reached by telephone at (212) 929-5500 (callcollect) or (800) 322-2885 (toll-free).

This announcement is not an offer to purchase or sell, asolicitation of an offer to purchase or sell or a solicitation ofconsents with respect to any securities. The solicitation is beingmade solely pursuant to Bally's Consent Solicitation Statements andthe related Letters of Consent, as amended hereby. Other than asexpressly set forth herein, this announcement is not a waiver of anyof the terms and conditions set forth in Bally's Consent SolicitationStatements and the related Letters of Consent and is subject theretoin all respects. Notwithstanding Bally's solicitation of waivers, noassurance can be given that an event of default under the indentureswill not occur in the future.

About Bally Total Fitness

Bally Total Fitness is the largest and only nationwide commercialoperator of fitness centers, with approximately four million membersand 440 facilities located in 29 states, Mexico, Canada, Korea, Chinaand the Caribbean under the Bally Total Fitness(R), CrunchFitness(SM), Gorilla Sports(SM), Pinnacle Fitness(R), Bally SportsClubs(R) and Sports Clubs of Canada(R) brands. With an estimated 150million annual visits to its clubs, Bally offers a unique platform fordistribution of a wide range of products and services targeted toactive, fitness-conscious adult consumers.

Forward-looking statements in this release including, withoutlimitation, statements relating to the Company's plans, strategies,objectives, expectations, intentions, and adequacy of resources, aremade pursuant to the safe harbor provisions of the Private SecuritiesLitigation Reform Act of 1995. These forward-looking statementsinvolve known and unknown risks, uncertainties, and other factors thatmay cause the actual results, performance or achievements of theCompany to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. These factors include, among others, thefollowing: the existence of reporting covenant defaults under Bally'spublic indentures, whether Bally can obtain waivers of those defaultsfrom noteholders, and potential cross-defaults under Bally's seniorcredit facility; the outcome of the SEC and Department of Justiceinvestigations, the review and restatement of previously announced orfiled financial results and the costs and expenses associatedtherewith; the audit of the restated financial statements, includingany further delays; the identification of one or more other issuesthat require restatement of one or more prior period financialstatements; the completion and audit of Bally's 2004 financialstatements and the completion of Bally's financial statements for thefirst and second quarters of 2005, including the effect of this or anyfurther delays; the communication by Bally's management andindependent auditors of the existence of material weaknesses ininternal controls over financial reporting; general economic andbusiness conditions; competition; success of operating initiatives,advertising and promotional efforts; existence of adverse publicity orlitigation (including various shareholder litigations) and the outcomethereof and the costs and expenses associated therewith; acceptance ofnew product and service offerings; changes in business strategy orplans; quality of management; availability, terms, and development ofcapital; business abilities and judgment of personnel; changes in, orthe failure to comply with, government regulations; other than asdescribed above, Bally's ability to remain in compliance with, orobtain waivers under, its loan agreements and indentures; ability tosatisfy the Household judgment; ability to maintain existing or obtainnew sources of financing, on acceptable terms or at all, to satisfythe Company's cash needs and obligations; and other factors describedin prior filings of the Company with the Securities and ExchangeCommission.