Webcast Alert: The Steak N Shake Company Fourth Quarter 2004 Earnings Conference Call Webcast INDIANAPOLIS, Nov. 8 /PRNewswire-FirstCall/ -- The Steak N Shake Company (NYSE:SNS) announces the following webcast: (Logo: http://www.newscom.com/cgi-bin/prnh/20000606/STEAKLOGO ) What: The Steak N Shake Company Fourth Quarter 2004 Earnings Conference Call When: Wednesday, November 10, 2004 @ 5:00 p.m. Eastern Where: http://www.steaknshake.com/ How: Live over the Internet -- Simply log on to the web at the address above. Contact: Jeff Blade, +1-317-633-4100 If you are unable to participate during the live webcast, the call will be archived on the Web site http://www.steaknshake.com/ . 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. Restaurants are open 24 hours a day, seven days a week. (Minimum Requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp and at least a 28.8 kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to .) http://www.newscom.com/cgi-bin/prnh/20000606/STEAKLOGO http://photoarchive.ap.org/ DATASOURCE: The Steak n Shake Company CONTACT: Jeff Blade of Steak N Shake Company, +1-317-633-4100 Web site: http://www.steaknshake.com/

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