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Press release from Business Wire

Cracker Barrel Confirms Receipt of Nomination Notice From Affiliate of Biglari Holdings

Monday, August 19, 2013

Cracker Barrel Confirms Receipt of Nomination Notice From Affiliate of Biglari Holdings

08:00 EDT Monday, August 19, 2013

LEBANON, Tenn. (Business Wire) -- Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) today confirmed that The Lion Fund II, L.P., an affiliate of Biglari Holdings Inc., has submitted two nominees, Sardar Biglari and Philip Cooley, to stand for election to the Company's Board of Directors at the Company's 2013 Annual Meeting. Attempts by Mr. Biglari to seek Board seats in each of the last two years were rejected by the Company's shareholders by significant margins. The Company said that the Board will consider Mr. Biglari's submission and make its recommendation to shareholders in due course.

About Cracker Barrel Old Country Store®

Cracker Barrel Old Country Store, Inc. provides a friendly home-away-from-home in its old country stores and restaurants. Guests are cared for like family while relaxing and enjoying real home-style food and shopping that's surprisingly unique, genuinely fun and reminiscent of America's country heritage…all at a fair price.

Cracker Barrel Old Country Store, Inc. (Nasdaq: CBRL) was established in 1969 in Lebanon, Tenn. and operates 624 company-owned locations in 42 states. For more information, visit crackerbarrel.com.

CBRL-F

Cracker Barrel Old Country Store, Inc.
Investors:
Lawrence E. Hyatt, 615-235-4432
or
Media:
Jeanne Ludington, 615-443-9115

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