TO OUR FELLOW SHAREHOLDERS, CUSTOMERS & EMPLOYEES:

At Dollar General, our mission of Serving Others remains 2. Capturing growth opportunities: Our proven high-return, foundational to everything we do. In a year of unprecedented low-risk real estate growth model, coupled with ongoing challenges due to the COVID-19 pandemic, we took significant format innovation, has generated a unique footprint of actions to demonstrate our appreciation for the incredible more than 17,000 stores, resulting in approximately 75% efforts of our employees, and to further safeguard the well- of the U.S. population living within five miles or less of being of our team members and customers. These efforts one of our stores. In 2021, we plan to open 1,050 new included awarding approximately $167 million in employee stores, remodel 1,750 stores and relocate 100 stores appreciation bonuses, enhancing benefits and leave policies, as we continue to expand our ability to serve new and providing safety supplies, dedicating certain store hours for the existing customers. Our Digital initiative complements most vulnerable members of our communities, and removing our brick-and-mortar presence, as we seek to deploy and barriers for frontline employees to obtain the vaccine. leverage technology to further enhance our customers’ in- store experience, while providing even more convenient As a mature retailer in growth mode, we also made significant shopping options, such as DG Pickup. progress in 2020 toward advancing key initiatives to better serve our customers and drive strong returns for our 3. Leveraging and reinforcing our position as a low cost shareholders. During the year, we completed 2,780 real estate operator: Our clear and defined process to control projects, including the opening of our 17,000th store and the spending continues to drive efficiencies and deliver savings launch of our new pOpshelf concept, while also delivering our across the organization. This Save to Serve approach has 31st consecutive year of same-store sales growth. Our hallmark resulted in efforts such as “Fast Track,” which is primarily value and convenience proposition, combined with our unique focused on increasing labor productivity in our stores, as and growing real estate footprint, disciplined execution, and well as enhancing customer convenience. During 2020, focused innovation, has allowed us to further solidify our we introduced self-checkout in more than 1,600 stores, position as a leader in the small-box discount retail channel. providing even greater convenience for our customers. Our plans for 2021 include additional productivity Highlights of 2020 Compared to 2019: enhancements across our store base, distribution centers, and in our store support center. • Net sales increased 21.6% to $33.7 billion, and same- store sales increased 16.3%. 4. Investing in our diverse teams through development, empowerment and inclusion: In addition to the • Operating profit increased 54.4% to $3.6 billion. employee appreciation bonuses awarded in 2020, we continued to invest in the training and development of • Net income grew to $2.7 billion, and diluted earnings our team as we seek to better position them for future per share increased 59.9% to $10.62. success. We believe our investments are resonating, as demonstrated by record-low store manager turnover • Cash flows from operations were $3.9 billion, an and strong engagement scores across the organization increase of 73.2%. in 2020. We believe that the opportunity to start and develop a career with a growing retailer remains a We are pleased with our results in 2020, which we believe are strong competitive advantage. a testament to the exceptional performance of our employees in a difficult year, as well as the strong fundamentals of the In addition to driving strong operating results, we were business, and our commitment to keeping the customer at intentional about carrying our mission into the communities we the center of everything we do. Notably, we accelerated the call home. In 2020, Dollar General and its Foundations awarded rollout of several strategic initiatives, which have become more than $30 million to charitable efforts that extend hope important contributors to our business. We expect to and opportunity to individuals and nonprofit organizations. expand these rollouts in 2021 with the goal of continuing to drive long-term sustainable growth. We approach this goal I want to thank each of our more than 157,000 employees through the lens of our four key operating priorities: who work hard every day to serve our customers. We are excited about our plans for 2021, and believe we are well- 1. Driving profitable sales growth: Our robust portfolio positioned to continue delivering value for our customers, of sales-driving and gross margin-enhancing initiatives employees and shareholders. includes our non-consumable initiative (“NCI”) and “DG Fresh” initiative. In 2020, we expanded NCI to more than 5,800 stores as we look to enhance the treasure- RESPECTFULLY, hunt experience for our customers. DG Fresh is aimed at reducing product costs, while driving on-shelf availability and greater product assortment. At the conclusion of 2020, we were self-distributing frozen and refrigerated goods to more than 16,000 stores from 10 facilities. In addition, our efforts included further cooler door expansion, private brand enhancements, and TODD J. VASOS distribution and transportation efficiencies. We expect CHIEF EXECUTIVE OFFICER to expand upon each of these opportunities in 2021. APRIL 1, 2021

PROXY STATEMENT & MEETING NOTICE

DEAR FELLOW SHAREHOLDER,

The 2021 Annual Meeting of Shareholders of Dollar General Corporation will be held on Wednesday, May 26, 2021, at 9:00 a.m., Central Time. All shareholders of record at the close of business on March 18, 2021 are invited to attend the annual meeting. This year, in light of the continuing public health impact of the COVID-19 pandemic, the annual meeting will be held entirely online. Please see the Notice of Annual Meeting of Shareholders for more information about how to virtually attend and participate in the annual meeting. We thank those of you who met with us over the past year and provided valuable feedback on broad-ranging topics such as our response to the COVID-19 pandemic, corporate governance, Board refreshment and composition, environmental and social issues, and our executive compensation program structure. In 2020, we conducted outreach to shareholders representing more than 58% of shares outstanding and ultimately engaged with shareholders comprising 52% of shares outstanding. As Chairman of the Board and Chairman of the Nominating and Governance Committee, I led the engagement with shareholders representing over 25% of shares outstanding. The information we received during this engagement helped to inform the Board’s decision to seek shareholder approval of a Charter amendment, described in Proposal 5 in the Proxy Statement, to implement a right for shareholders holding in the aggregate at least 25% of shares outstanding to request special meetings of shareholders. We are committed to continuing our dialogue with our shareholders and appreciate your engagement with us. Your interest in Dollar General and your vote are very important to us. Whether or not you plan to attend the annual meeting, please vote at your earliest convenience. On behalf of the Board of Directors, thank you for your continued support of Dollar General.

SINCERELY,

MICHAEL M. CALBERT CHAIRMAN OF THE BOARD APRIL 1, 2021

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

DATE TIME LOCATION

26

Wednesday 9:00 a.m. Entirely online at May 26, 2021 Central Time www.virtualshareholdermeeting.com/DG2021 (the “Annual Meeting Website”)

ITEMS OF BUSINESS:

• To elect as directors the 8 nominees listed in the Proxy Statement ...... To hold an advisory vote to approve our named executive officer compensation as disclosed in the Proxy Statement ...... • To ratify the appointment of our independent registered public accounting