Couche-Tard Launches its New Share Repurchase Program



    ATD.A, ATD.B / TSX

    LAVAL, QC, Aug. 4 /CNW Telbec/ - Alimentation Couche-Tard Inc. announced
that The Toronto Stock Exchange has approved its share repurchase program (the
"program"), authorizing the Company to repurchase up to 2,685,370 Class A
multiple voting shares (representing 5 % of the 53,707,412 Class A multiple
voting shares issued and outstanding) and 12,857,284 Class B subordinate
voting shares (representing 10 % of the 128,572,846 Class B subordinate voting
shares of the public float) as at July 24, 2009. The net average daily trading
volume for the 6-month period preceding July 24, 2009 represents 853 Class A
multiple voting shares and 430,871 Class B subordinate voting share. In
accordance with the Toronto Stock Exchange requirements, a maximum daily
repurchase of the greater of 25% of these averages or 1,000 shares may be
made, which represent a total of 1,000 Class A multiple voting shares and a
total of 107,717 Class B subordinate voting shares. By making such
repurchases, the number of Class A multiple voting shares and of Class B
subordinate voting shares in circulation will be reduced and the proportionate
interest of all remaining shareholders in the share capital of the Company
will be increased on a pro rata basis.
    The Company may repurchase Class A multiple voting shares and Class B
subordinate voting shares on the open market through the facilities of The
Toronto Stock Exchange, from time to time, over the course of twelve months
commencing August 10, 2009 and ending at the latest on August 9, 2010. All
shares repurchased under the share repurchase program will be cancelled upon
their repurchase. In connection with the program, the Company has established
an automatic securities purchase plan to provide standard instructions
regarding how the Company's shares are to be repurchased under the program.
Accordingly, the Company may repurchase its shares under the automatic plan on
any trading day during the program including during self-imposed trading
blackout periods. The automatic plan will commence and should terminate
together with the program. It constitutes an "automatic plan" for purposes of
applicable Canadian securities legislation and has been reviewed by The
Toronto Stock Exchange.
    Under its previous share repurchase program which was announced on August
6, 2008, the Company repurchased a total of 19,000 of its Class A multiple
voting shares and a total of 11,777,400 Class B subordinate voting shares as
at July 31, 2009 at the weighted average price per share of $13.4314 and
$13.6081 respectively.

    
    Profile
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    Alimentation Couche-Tard Inc. is the leader in the Canadian convenience
store industry. In North America, Couche-Tard is the second largest
independent convenience store operator (whether integrated with a petroleum
company or not) in terms of number of stores. As at April 26, 2009, our
network consisted of 5,443 convenience stores, 3,646 of which include motor
fuel dispensing, located in 11 large geographic markets, including eight in
the United States covering 34 States and three in Canada covering ten
provinces. More than 48,000 people are employed throughout Couche-Tard's
retail convenience network and service centers.




For further information:

For further information: Raymond Paré, Vice-President and Chief
Financial Officer, (450) 662-3272, investor.relations@couche-tard.com,
www.couche-tard.com


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