Important Notice

This website may contain forward-looking statements. These statements may be identified by the use of forward-looking terminology such as the words “expects,” “intends,” “believes,” “anticipates” and other terms with similar meaning indicating possible future events or actions relating to the business or shareholders of Cracker Barrel Old Country Store, Inc. (the “Company”). These forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties that could cause actual results to differ materially. These risks and uncertainties include, among others, risk factors associated with the business of the Company, as described in the Company’s Annual Report on Form 10-K for the fiscal year ended August 3, 2018, and in other periodic reports of the Company, which are available at no charge at the website of the Securities and Exchange Commission (“SEC”) at http://www.sec.gov. Accordingly, you should not rely upon forward-looking statements as a prediction of actual results.

As of the close of business on March 12, 2019, The Lion Fund II, L.P. (the "Lion Fund II") owned 3,525,294 shares of common stock of Cracker Barrel Old Country Store, Inc. Biglari Capital Corp., as the general partner of the Lion Fund II, and Sardar Biglari, as the Chairman and Chief Executive Officer of Biglari Capital Corp., may be deemed to beneficially own the shares of Common Stock directly owned by the Lion Fund II.

This communication is not a solicitation of a proxy.