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Exhibit 99.01
CONSENT OF THE LION FUND II, L.P.
Board of Directors
Biglari Holdings Inc.
19100 Ridgewood Parkway, Suite 1200
San Antonio, TX 78259
Members of the Board:
We hereby consent to the use by Biglari Holdings Inc. of the audited financial statements of The Lion Fund II, L.P. as of and for the periods ended December 31, 2023, 2022 and 2021 appearing in the Form 10-K/A for the fiscal year ended December 31, 2023 filed by Biglari Holdings Inc. with the Securities and Exchange Commission and any amendment thereto.
The Lion Fund II, L.P. | ||||||||
By: | Biglari Capital Corp., its general partner | |||||||
By: | /s/ Sardar Biglari | |||||||
Name: Sardar Biglari | ||||||||
Title: Chairman and Chief Executive Officer | ||||||||
March 29, 2024 | ||||||||