The Steak n Shake Company to Present at Piper Jaffray Consumer Conference on Thursday, June 10, 2004 INDIANAPOLIS, June 4 /PRNewswire-FirstCall/ -- The Steak n Shake Company's (NYSE:SNS) Chief Financial Officer, Jeffrey A. Blade, and Senior Vice President of Operations Support, Gary S. Walker, will be presenting at the Piper Jaffray Consumer Conference in New York City on Thursday, June 10, 2004. The presentation begins at 11:25 a.m. and can be accessed live via webcast at http://www.piperjaffray.com/ccwebcast . (Logo: http://www.newscom.com/cgi-bin/prnh/20000606/STEAKLOGO ) Steak n Shake is a full service, casual dining restaurant serving a core menu of its famous Steakburger(TM) sandwiches, thin 'n crispy french fries, old fashioned hand-dipped milk shakes, chili, home style soups, fresh salads, a variety of desserts and breakfast. All of the food is prepared to the guest's order and served by friendly, well-trained associates. Steak n Shake restaurants feature full-service dining areas, counter service and drive-thru windows and are open 24 hours a day, seven days a week. http://www.newscom.com/cgi-bin/prnh/20000606/STEAKLOGO http://photoarchive.ap.org/ DATASOURCE: The Steak n Shake Company CONTACT: Jeffrey A. Blade of The Steak n Shake Company, +1-317-633-4100, Web site: http://www.steaknshake.com/ http://www.piperjaffray.com/ccwebcast

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