Investor Presentaiton

20 The Pantry Snapshot • Couche-Tard acquired 100% of The Pantry shares on March 16, 2015 • Total acquisition price of $1.7 billion including debt assumed • Fully-funded transaction with our revolving credit facility and cash on-hand • Immediately and significantly accretive to earnings with free cash flow generation ➤ Synergies of at least $85M during the following 24 months Broad network comprised of ~1,600 stations covering 13 states • LTM revenues of $7.4 billion and LTM reported EBITDA of $261M April 2015 Company Privileged and Confidential Investors Presentation 20 20

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