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BIGLARI HOLDINGS INC. NEWS RELEASE

San Antonio, TX, May 10, 2024 /PRNewswire/ -- Biglari Holdings Inc. (NYSE:BH, BH)) announces its results for the first quarter of 2024. Biglari Holdings Inc.'s earnings for the first quarter of 2024 and 2023 are summarized below. To become fully apprised of our results, shareholders should carefully study our 10-Q, which has been posted at www.biglariholdings.com. (dollars in thousands) First Quarter 2024 2023