Dollar General Corporation Announces Pricing of Its Initial Public Offering

November 12, 2009

GOODLETTSVILLE, Tenn., Nov 12, 2009 (BUSINESS WIRE) -- Dollar General Corporation has priced its initial public offering of 34,100,000 shares of its common stock at $21.00 per share. Dollar General's common shares are expected to begin trading tomorrow, November 13, on the New York Stock Exchange under the ticker symbol "DG."

In the offering, Dollar General will sell 22,700,000 shares, while existing shareholders will sell 11,400,000 shares. The IPO's underwriters have a 30-day option to purchase up to 5,115,000 of additional common shares from the selling shareholders at the initial public offering price less the underwriting discount. Dollar General will not receive any net proceeds from the sale of shares by existing shareholders, including any shares sold pursuant to the option.

Dollar General will receive net proceeds of approximately $445.2 million after payment of commissions and estimated expenses. Dollar General intends to use proceeds to redeem a portion of its outstanding senior subordinated and senior notes.

Citi, Goldman, Sachs & Co. and KKR, along with BofA Merrill Lynch and J.P. Morgan, are serving as joint book running managers for the offering, with Barclays Capital, Wells Fargo Securities, Deutsche Bank Securities and HSBC acting as co-managers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Copies of the prospectus may be obtained by contacting any of the book running managers whose contact information is listed at the bottom of this announcement.