An anonymous director reports

ALIMENTATION COUCHE-TARD INC. PRICES PRIVATE OFFERING OF C$ DENOMINATED SENIOR UNSECURED NOTES

Alimentation Couche-Tard Inc. has priced $500-million aggregate principal amount of 4.603 per cent Series 8 senior unsecured notes due Jan. 25, 2029, in a private offering in all of the provinces of Canada. The offering is expected to close on or about Jan. 25, 2024, subject to customary closing conditions. Couche-Tard intends to use the net proceeds of the offering to partially repay outstanding indebtedness under credit facilities made available to Couche-Tard, which indebtedness was used to finance a portion of the purchase price of the acquisition of certain European retail assets from TotalEnergies.

The notes are being offered through an agency syndicate consisting of National Bank Financial Inc., Desjardins Securities Inc., RBC Dominion Securities Inc., Scotia Capital Inc., Barclays Capital Canada Inc., BMO Nesbitt Burns Inc., BNP Paribas (Canada) Securities Inc., BofA Securities, Goldman Sachs Canada Inc., HSBC Securities (Canada) Inc., J.P. Morgan Securities Canada Inc., MUFG Securities (Canada) Ltd., Rabo Securities Canada Inc., SMBC Nikko Securities Canada Ltd., TD Securities Inc. and Wells Fargo Securities Canada Ltd.

The notes will be direct unsecured obligations of Couche-Tard, will rank pari passu with all other current and future senior unsecured and unsubordinated indebtedness of Couche-Tard, and will be guaranteed on a senior unsecured basis by certain of Couche-Tard's wholly owned subsidiaries which are guarantors under Couche-Tard's senior credit facilities.

The notes have been assigned a rating of BBB plus by Standard & Poor's and Baa1 by Moody's.

About Alimentation Couche-Tard Inc.

Couche-Tard is a global leader in convenience and mobility, operating in 29 countries and territories, with more than 16,700 stores, of which almost 13,100 offer road transportation fuel. With its Couche-Tard and Circle K banners, it is one of the largest independent convenience store operators in the United States, and it is a leader in the convenience store industry and road transportation fuel retail in Canada, Scandinavia and the Baltics, as well as in Ireland. It also has an important presence in Poland and Hong Kong, Special Administrative Region, of the People's Republic of China, and has recently expanded to Belgium, Germany, Luxembourg and the Netherlands. More than 150,000 people are employed throughout its network.

We seek Safe Harbor.