Dollar General Corporation
Nov 12, 2009

Dollar General Corporation Announces Pricing of Its Initial Public Offering

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.

About Dollar General Corporation

Dollar General is the largest discount retailer in the United States by number of stores with more than 8,700 neighborhood stores located in 35 states. Dollar General helps shoppers Save time. Save money. Every day!(R) by offering quality private and national branded items that are frequently used and replenished, such as food, snacks, health and beauty aids, cleaning supplies, basic apparel, house wares and seasonal items at everyday low prices in convenient neighborhood stores. Dollar General is among the largest retailers of top-quality products made by America's most trusted manufacturers such as Procter & Gamble, Kimberly-Clark, Unilever, Kellogg's, General Mills, Nabisco, Fruit of the Loom, PepsiCo and Coca-Cola. The Company store support center is located in Goodlettsville, Tennessee.

Book running managers:
Citi
Brooklyn Army Terminal
140 58th Street, 8th Floor
Brooklyn, NY 11220
Toll-free: (800) 831-9146
Goldman, Sachs & Co.
Prospectus Department
85 Broad Street
New York, NY 10004

Telephone: 1-866-471-2526, facsimile: 212-902-9316 or by emailing prospectus-ny@ny.email.gs.com

KKR
9 West 57th Street, Suite 4200
New York, NY 10019
Telephone: (212) 750-8300
BofA Merrill Lynch
4 World Financial Center
New York, NY 10080
Attention: Preliminary Prospectus Department

Email: Prospectus.Requests@ml.com

J.P. Morgan Securities Inc.
Broadridge Financial Solutions
1155 Long Island Ave
Edgewood, NY 11717
Telephone: (631) 254-1735

SOURCE: Dollar General Corporation

Dollar General Corporation
Investor Contact:
Mary Winn Gordon, 615-855-5536
or
Emma Jo Kauffman, 615-855-5525
or
Media Contact:
Tawn Miller, 615-855-5209

Copyright Business Wire 2009