If shareholders have any questions, please call our Information Agent, Okapi Partners LLC, by telephone toll free at (877) 629-6357. Important Notice The Lion Fund II launched a tender offer for up to 575,000 shares of the common stock of Biglari Holdings Inc. on June 4, 2015, and filed a tender offer statement on Schedule TO with the SEC, including the offer to purchase and other related materials. Biglari Holdings Inc. filed a solicitation/recommendation statement on Schedule 14D-9 with respect to the tender offer.