7-Eleven Confirms Discussions With Casey’s Have Terminated

World’s Largest Convenience Store Operator Plans Aggressive Store Growth Over Next Several Years

7-Eleven, Inc. (“7-Eleven”) confirmed today that discussions with Casey’s General Stores, Inc. (“Casey’s”) regarding a potential transaction have terminated. 7 Eleven made a preliminary proposal of $40.00 per common share for a consensual transaction on September 2, 2010. After completing additional due diligence, 7-Eleven raised its offer to $43.00 per common share. 7-Eleven believes its revised proposal fairly values Casey’s.

“While we are no longer in talks with Casey’s regarding a transaction, our strategy is to grow aggressively in the U.S. and Canada. We will continue to pursue transactions that make sense for our company to maximize shareholder value,” stated Joe DePinto, 7-Eleven’s president and CEO. “Expanding our store base enables us to further leverage our merchandising expertise, proprietary distribution network and scale in order to provide more convenience to our customers,” added DePinto.

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