Couche-Tard Acquires 29 Stores in Illinois, Missouri and Oklahoma

Couche-Tard Acquires 29 Stores in Illinois, Missouri and Oklahoma

PR Newswire

LAVAL, QC, Dec. 10, 2012 /PRNewswire/ – Alimentation Couche-Tard Inc.
(TSX: ATD.A ATD.B) announces today that it has signed, through its
wholly-owned indirect subsidiary, Mac’s Convenience Stores LLC, an
agreement to acquire 29 stores, 25 stores are located in Illinois,
three in Missouri and one in Oklahoma. The transaction is anticipated
to close in December 2012. The transaction is subject to standard
regulatory approvals and closing conditions. According to a
confidentiality agreement between the parties, the purchase price
cannot be disclosed. Available cash dollars will be used for the
transaction.

All stores offer motor fuel branded Phillips 66. They would eventually be rebranded under the Circle K brand and continue to offer motor fuel under Phillips 66. Couche-Tard’s Midwest division would operate 28 of them and the other
one would be operated by the Southwest division. Two sites are equipped
with car washes. Pursuant to this transaction, Couche-Tard would buy
the land and buildings for 25 locations and would assume or enter into
leases for the remaining locations.

In addition, pursuant to a related agreement, Couche-Tard would purchase
the rights for the supply of 29 Wholesale stores located throughout the
same geographic area.

“Subsequent to this transaction, our network in the Midwest division
would include a total of 527 company operated-stores and 212 locations
under wholesale or franchise agreements. These stores occupy strategic
locations within their respective trade areas. Strategically, this
acquisition would be a great addition to our expansion and growth plans
for the Midwest division.” commented Bruce Landini, Vice-President
Operations, Midwest.

About Alimentation Couche-Tard Inc.

Couche-Tard is the leader in the Canadian convenience store industry. In
North America, Couche-Tard is the largest independent convenience store
operator (whether integrated with a petroleum corporation or not) in
terms of number of company-operated stores. In Europe, Couche-Tard is a
leader in convenience store and road transportation fuel in
Scandinavian countries and in the Baltic States while it has a growing
presence in Poland.

As of October 14, 2012, Couche-Tard’s network comprises 6,172
convenience stores throughout North America, including 4,590 stores
with road transportation fuel dispensing. Its North-American network
consists of 13 business units, including nine in the United States
covering 40 states and the District of Columbia and four in Canada
covering all ten provinces. More than 60,000 people are employed
throughout Couche-Tard’s network and at its service offices in North
America
.

Through its acquisition of Statoil Fuel & Retail, Couche-Tard operates a
broad retail network across Scandinavia (Norway, Sweden, Denmark),
Poland, the Baltics (Estonia, Latvia, Lithuania), and Russia with 2,301
stores as at September 30, 2012, the majority of which offer road
transportation fuel and convenience products while the others are
unmanned automated service-stations (road transportation fuel only).
Couche-Tard also offers other products, including stationary energy,
marine fuel, aviation fuel, lubricants and chemicals. It operates 12
key fuel terminals and 38 fuel depots in eight countries as well as
approximately 400 road tankers. Including employees at Statoil branded
franchise stations, about 18,500 people work in Couche-Tard’s retail
network, terminals and service offices across Europe.

In addition, under licensing agreements, about 4,100 stores are operated
under the Circle K banner in nine other countries (China, Guam, Hong
Kong
, Indonesia, Japan, Macau, Mexico, Vietnam and United Arab
Emirates
).

For more information on Alimentation Couche-Tard Inc., please visit: http://www.couchetard.com

The statements set forth in this press release, which describes
Couche-Tard’s objectives, projections, estimates, expectations or
forecasts, may constitute forward-looking statements within the meaning
of securities legislation. Positive or negative verbs such as “plan”,
“evaluate”, “estimate”, “believe”, “expect” and other related
expressions are used to identify such statements. Couche-Tard would
like to point out that, by their very natures, forward-looking
statements involve risks and uncertainties such that its results, or
the measures it adopts, could differ materially from those indicated or
underlying these statements, or could have an impact on the degree of
realization of a particular projections. Major factors that may lead to
a material difference between Couche-Tard’s actual results and the
projections or expectations set forth in the forward-looking statements
include the effects of the integration of acquired businesses and the
ability to achieve projected synergies, fluctuations in margins on
motor fuel sales, competition in the convenience store and retail motor
fuel industries, exchange rate variations, and such other risks as
described in detail from time to time in the reports filed by
Couche-Tard with securities authorities in Canada and the United
States
. Unless otherwise required by applicable securities laws,
Couche-Tard disclaims any intention or obligation to update or revise
any forward-looking statements, whether as a result of new information,
future events or otherwise. The forward-looking information in this
release is based on information available as of the date of the
release.

SOURCE ALIMENTATION COUCHE-TARD INC.

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