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NightHawk Radiology Holdings, Inc. Announces Final Results of Tender Offer; NightHawk Purchases 2,240,883 Shares of Its Common Stock at $8.05 per Share

Friday, June 20, 2008 General News J E 4
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COEUR D'ALENE, Idaho, June 19 NightHawkRadiology Holdings, Inc. (Nasdaq: NHWK), the leading provider of radiologysolutions to radiology groups and hospitals throughout the United States,today announced the final results of its modified Dutch auction tender offer,which expired at 5:00 p.m. Eastern Time on Friday, June 13, 2008.

Based on the final count by the depositary for the tender offer, anaggregate of 2,240,883 shares of common stock were properly tendered and notwithdrawn at a price of $8.05 per share. Accordingly, NightHawk has acceptedfor purchase 2,240,883 shares of common stock at a price of $8.05 per share.These shares represent approximately 7.3% of the shares outstanding as of June18, 2008. With completion of the tender offer, NightHawk will haveapproximately 28.5 million shares of common stock outstanding.

The depositary will promptly pay for the shares accepted for purchase.

This self-tender offer was made pursuant to an Offer to Purchase andLetter of Transmittal, each dated May 14, 2008, originally filed with theSecurities and Exchange Commission on May 14, 2008 and amended on May 16,2008.

The dealer manager for the tender offer was Morgan Stanley & Co.Incorporated, the Information Agent for the tender offer was Innisfree M&AIncorporated and the Depositary for the tender offer was Mellon InvestorServices LLC. All questions regarding the tender offer may be directed to theInformation Agent at (877) 456-3463.

About NightHawk

NightHawk Radiology (Nasdaq: NHWK), headquartered in Coeur d'Alene, Idaho,is leading the transformation of the practice of radiology by providinghigh-quality, cost-effective solutions to radiology groups and hospitalsthroughout the United States. NightHawk provides the most complete suite ofsolutions, including professional services, business services, and itsadvanced, proprietary clinical workflow technology, all designed to increaseefficiencies and improve the quality of patient care and the lives ofphysicians who provide it. NightHawk's team of U.S. board-certified,state-licensed, and hospital-privileged physicians located in the UnitedStates, Australia, and Switzerland, provides services 24 hours a day, sevendays a week, for more than 750 radiology group customers and the 26% of allU.S. hospitals they serve. For more information, visithttp://www.nighthawkrad.net.

"NHWKF"

SOURCE NightHawk Radiology Holdings, Inc.
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