Cracker Barrel Old Country Store, Inc. CBRL today confirmed that The
Lion Fund II, L.P., an affiliate of Biglari Holdings Inc., has submitted two
nominees, Sardar Biglari and Philip Cooley, to stand for election to the
Company's Board of Directors at the Company's 2013 Annual Meeting. Attempts by
Mr. Biglari to seek Board seats in each of the last two years were rejected by
the Company's shareholders by significant margins. The Company said that the
Board will consider Mr. Biglari's submission and make its recommendation to
shareholders in due course.
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