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Dollar General provides update on status of acquisition

Jun '07
Dollar General Corporation announced that Buck Acquisition Corp., a Tennessee corporation (Buck), which is indirectly controlled by investment funds affiliated with Kohlberg Kravis Roberts & Co. L.P. (KKR), had received consents and tenders for approximately 99% of the aggregate principal amount of the outstanding 8 5/8% Senior Notes due 2010 of Dollar General (Old Notes), as of 5 p.m., New York City time, on June 15, 2007 (Consent Payment Deadline).

The Old Notes were tendered pursuant to an Offer to Purchase and Consent Solicitation Statement dated June 4, 2007 (Offer to Purchase), which more fully sets forth the terms and conditions of the cash tender offer (and related consent solicitation) to purchase any and all of the $200 million outstanding principal amount of the Old Notes (Tender Offer).

The Tender Offer will expire at midnight, New York City time, on Friday, June 29, 2007 (unless such date is extended). These consents and tenders may not be validly withdrawn unless Buck reduces the amount of the purchase price, the consent payment or the principal amount of the Old Notes subject to the Tender Offer or is otherwise required by law to permit withdrawal.

The Tender Offer is being conducted in connection with the anticipated merger (Merger) of Buck with and into Dollar General. Additional information regarding the Merger and the related transactions can be found in the Company's Securities and Exchange Commission filings.

The Tender Offer is conditioned upon, among other things, there being validly tendered and not validly withdrawn at least a majority in aggregate principal amount of the outstanding Old Notes, the receipt of the requisite consents to adopt the proposed amendments, the satisfaction by Buck of all conditions precedent to the Merger and the receipt by Buck of the proceeds from certain financing transactions to be entered into in connection with the Merger.

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