Seven & i Holdings Comments on the Press Release from Alimentation Couche-Tard Inc.
Nyenta.com/10289581

TOKYO, Sept. 9, 2024 ~ In response to a recent press release from Alimentation Couche-Tard Inc. ("ACT"), Seven & i Holdings has issued a statement regarding their stance on engaging in discussions about a potential transaction. The company's board has previously discussed and stated that they do not believe ACT's proposal provides a sufficient basis for substantive discussions. As a result, Seven & i has not asked their advisors to engage in further discussions or signed a non-disclosure agreement (NDA).

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However, the company remains open to sincere discussions if ACT presents a proposal that fully recognizes Seven & i's standalone value and addresses the Special Committee's regulatory concerns. Until then, Seven & i will focus on executing its business and pursuing opportunities to unlock shareholder value in the near- to medium-term.

Media contacts for Seven & i Holdings are available through Kekst CNC, with Jochen Legewie in Tokyo and Ruth Pachman and Nathan Riggs in New York.

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