7-Eleven, Inc. to Redeem Its Outstanding Senior Subordinated Debentures

DALLAS, June 11 -- 7-Eleven, Inc. today announced the call for redemption on July 11, 2003, of all of its outstanding senior subordinated debentures, including:

   --  5% First Priority Senior Subordinated Debentures - Due
       December 15, 2003;
   --  4 1/2% Second Priority Senior Subordinated Debentures (Series A) -
       Due June 15, 2004; and
   --  4% Second Priority Senior Subordinated Debentures (Series B) - Due
       June 15, 2004.

In January 2003, the Company announced a note purchase agreement with its affiliate, Seven-Eleven Japan Co., Ltd, pursuant to which 7-Eleven has the ability to borrow up to $400 million from Seven-Eleven Japan in multiple tranches through December 31, 2003. At that time, the Company announced its intention to use a portion of the proceeds of the financing to retire its outstanding senior subordinated debentures.

The aggregate principal amount of these debentures is approximately $370 million. The redemption price will be 100% of the principal amount of the debentures, plus accrued and unpaid interest to the redemption date.

The details concerning terms and conditions of redemption are fully described in the Notice of Redemption, mailed today to record holders of the debentures by J.P. Morgan Trust Company (trustee of the 5% First Priority Senior Subordinated Debentures) and The Bank of New York [trustee of the 4 1/2% Second Priority Senior Subordinated Debentures (Series A) and the 4% Second Priority Senior Subordinated Debentures (Series B)].

About 7-Eleven, Inc.

7-Eleven, Inc. is the premier name and largest chain in the convenience retailing industry. Headquartered in Dallas, Texas, 7-Eleven, Inc. operates or franchises approximately 5,800 7-Eleven(R) stores in the United States and Canada and licenses approximately 19,000 7-Eleven(R) stores in 17 countries and territories throughout the world. During 2002, 7-Eleven(R) stores worldwide generated total sales of more than $33 billion. Find out more online at www.7-Eleven.com .