Casey's General Stores (CASY)

Recent Governance Policies

In March 2009, the Nominating and Corporate Governance Committee recommended, and the Board of Directors approved, several corporate governance policies that were considered to be generally consistent with current Board or Company practice, even though they have not been previously stated as a formal policy position:

1. That the Chief Executive Officer be prohibited from serving on the boards of more than two other companies, which for this purpose includes public companies as well as not-for-profit organizations or other entities that are likely to require a similar time commitment. Prior notice to the Board of Directors is required before acceptance of any such position.

2. That all members of the Board of Directors serve on no more than two other public company boards. In addition, service on the boards of not-for-profit organizations or other entities that may require a similar time commitment shall be disclosed and acceptable to the Board.

3. That all members of the Board of Directors attend at least one director education or governance-related program every three years.

4. That the Succession Planning Committee of the Board, established by the Board at its meeting on December 2, 2008, regularly review a succession plan with the Chief Executive Officer and keep the full Board informed of its discussions with the CEO on succession planning matters.

5. That all members of the Board of Directors commit to becoming shareholders of the Company within two years of their election to the Board, and that all executive officers similarly maintain an ownership interest in the Common Stock of the Company, either directly or through the 401(k) plan.

In accordance with its recent Charter amendments, the Committee (under the direction of Mr. Kimball) conducted a review of the Board’s performance in June 2009, and expects to do so annually in the future.