Cracker Barrel Files Investor Presentation in Connection with its 2013 Annual Meeting of Shareholders

  Cracker Barrel Files Investor Presentation in Connection with its 2013
  Annual Meeting of Shareholders

Business Wire

LEBANON, Tenn. -- October 17, 2013

Cracker Barrel Old Country Store, Inc. (“Cracker Barrel” or the “Company”)
(Nasdaq:CBRL) has filed its Fall 2013 - Investor Presentation (“Driving
Performance: Focused on the Road Ahead”) with the U.S. Securities and Exchange
Commission(the "SEC") and posted a copy of the presentation to the Investor
Relations section of its website. The presentation provides an update to
investors on the continued strong operational performance and financial
results of the Company; highlights the experience and independence of its
Board of Directors; and outlines the reasons why the Company believes that
Biglari Holdings’ nominees continue to be the wrong fit for the Cracker Barrel
Board of Directors. It also outlines the reasons why the Company believes
shareholders should vote against the non-binding, advisory proposal on a $20
per share special dividend at the Company’s Annual Meeting on November 13,
2013, which was publicly proposed by affiliates of Biglari Holdings.

AboutCracker 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
inLebanon, Tenn.and operates 625 company-owned locations in 42 states. For
more information, visitcrackerbarrel.com.

Important Additional Information

Cracker Barrel, its directors and certain of its executive officers may be
deemed to be participants in the solicitation of proxies from Cracker Barrel
shareholders in connection with the matters to be considered at Cracker
Barrel's 2013 Annual Meeting. OnOctober 2, 2013, Cracker Barrel filed a
definitive proxy statement (as it may be amended, the "Proxy Statement") with
theSEC in connection with any such solicitation of proxies from Cracker
Barrel shareholders. INVESTORS AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO
READ THE PROXY STATEMENT AND ACCOMPANYING PROXY CARD AND OTHER DOCUMENTS FILED
WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS
THEY WILL CONTAIN IMPORTANT INFORMATION. Detailed information regarding the
identity of potential participants, and their direct or indirect interests, by
security holdings or otherwise, is set forth in the Proxy Statement, including
Annex A thereto. Shareholders can obtain the Proxy Statement, any amendments
or supplements to the Proxy Statement and other documents filed by Cracker
Barrel with theSECfor no charge at the SEC's website atwww.sec.gov. Copies
will also be available at no charge at the Investor Relations section of our
corporate website atwww.crackerbarrel.com.

CBRL-F

Contact:

Cracker Barrel Old Country Store, Inc.
Investors:
Lawrence E. Hyatt, 615-235-4432
or
Media:
Andy Merrill, 212-886-9304
 
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