ALIMENTATION COUCHE-TARD REINITIATES SHARE REPURCHASE PROGRAM

LAVAL, QC, July 21, 2025 /CNW/ - Alimentation Couche-Tard Inc. ("Couche‑Tard") (TSX:ATD.TO) announced today that the Toronto Stock Exchange ("TSX") has approved the share repurchase program (the "Program"), authorizing Couche‑Tard to repurchase up to 77,115,921 Common Shares (the "Shares"), representing 10% of the 771,159,210 Shares comprising Couche-Tard's "public float" (as such term is defined in the TSX Company Manual) as at July 14, 2025. Based on the current share price the completion of the Program in full would represent a total investment of approximately US $4.2 billion or CDN $5.8 billion. As at July 14, 2025, there were 948,064,405 Shares issued and outstanding.