7-Eleven, Inc. Announces Approval of Joint Venture in China; First 7-Eleven Stores to Open in Spring 2004

DALLAS, Jan. 5, 2004 -- 7-Eleven, Inc. , the largest chain in the convenience retailing industry, announced today that the Ministry of Commerce in the People's Republic of China has approved the formation of a joint venture among Seven-Eleven Japan, Co., Ltd., Beijing ShouLian Commercial Group Co., Ltd., and China National Sugar & Alcohol Group Corporation. Following the execution of an area license agreement with 7-Eleven, Inc., the joint venture will start to develop 7-Eleven stores in Beijing and the surrounding provinces. The first stores are expected to open in the spring of 2004.

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 19,400 7-Eleven stores in 17 countries and territories throughout the world. During 2002, 7-Eleven(R) stores worldwide generated total sales of $33 billion. Find out more online at www.7-Eleven.com .

This release includes certain statements that are considered "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Any statement that is not a statement of historical fact should be deemed to be a forward-looking statement. Because these forward- looking statements involve risks and uncertainties, actual results may differ materially from those expressed or implied by these forward-looking statements. There can be no assurance that (i) we have correctly measured or identified all of the factors affecting our business or the extent of their likely impact; (ii) the publicly available information with respect to those factors on which our business analysis is based is complete or accurate; (iii) our analysis is correct; or (iv) our strategy, which is based in part on this analysis, will be successful.

   Contact Information:
   Carole Davidson, CFA
   Investor Relations Vice President
   (214) 828-7021