BIGLARI HOLDINGS INC. NEWS RELEASE

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San Antonio, TX, Feb. 24, 2024 /PRNewswire/ — Biglari Holdings Inc.’s (NYSE: BH.A; BH) 2023 Annual Report to the shareholders has been posted on the Internet, where it can be accessed at www.biglariholdings.com. The report includes Sardar Biglari’s annual letter to shareholders.

Biglari Holdings Inc.’s earnings for the fourth quarter and full year of 2023 and 2022 are summarized below.  To become fully apprised of our results, shareholders should carefully study our 10-K, which has been posted at www.biglariholdings.com

(dollars in thousands)

Fourth Quarter

Year Ended December 31,

2023

2022

2023

2022

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