Biglari Holdings Inc. / Dividends

Declaration date	Ex date	Record date	Payment date	Amount
August 27, 1985				$0.083
February 25, 1986				$0.083
August 26, 1986				$0.083
February 25, 1987				$0.1661
August 27, 1987				$0.2076
February 29, 1988				$0.2076
June 14, 1988				$0.1246
August 29, 1988				$0.1246
December 15, 1988				$0.1661
February 27, 1989				$0.1661
May 26, 1989				$0.1661
August 28, 1989				$0.1661
December 8, 1989				$0.1661
February 26, 1990				$0.2076
June 4, 1990				$0.2076
September 17, 1990				$0.2076
November 28, 1990				$17.649
June 14, 1996				$1.7671