Yum! News 2004

December 28, 2004 Happy Holidays America: Jumpstart Your New Year’s Resolution to Get In Shape with a Great Gift *** Customers Visiting Taco Bell®, Pizza Hut®, KFC®, Long John Silver’s® or A&W® Restaurants in January Can Receive a Free, Four-Week Membership at Bally Total Fitness.

December 16, 2004 Pizza Hut Named the Most Trusted Quick-Service Restaurant Company in India by the Economic Times *** Pizza Hut the Only Restaurant to Place in Top 20

October 18, 2004 Yum! Brands Announces Senior Management Appointments *** Deno Appointed to Chief Operating Officer *** Carucci Promoted to Senior Vice President, Finance and CFO-Designate

October 7, 2004 Yum! Brands Creates First Global Customer Appreciation Day to Celebrate Customers and Recognize Restaurant Leaders for Providing Great Service *** A&W All-American Food, KFC, Long John Silver’s, Pizza Hut and Taco Bell Restaurants Nominate Best Customers – Winners Receive Year’s Supply of Food

September 24, 2004 Yum! Brands Inc. Declares Quarterly Dividend

June 18, 2004 Yum! Brands Climbs to 15th Place in Fortune’s Top 50 “Best Companies for Minorities,” Taking Top Spot for Managerial Diversity *** Diversity Drives Culture and Business at World’s Largest Restaurant Company

May 20, 2004 Yum! Brands Inc. Initiates First-Ever Quarterly Dividend of $0.10 per Share of Common Stock *** Board also approves new $300 million share repurchase program, and company targets additional $350 million of debt reduction. *** Company confirms 2004 EPS guidance of at least $2.30 or 12% growth.

January 16, 2004 Yum! Restaurants International Opens 1000th KFC in China *** KFC is China’s Largest and Most Popular Quick-Service Restaurant China is Yum! Brands’ Key Growth Country

January 14, 2004 Yum! Restaurants International Opens 300th Pizza Hut Restaurant in South Korea *** South Korea is One of Yum’s Top Four Key International Growth Markets

January 13, 2004 NASCAR’s Hottest Driver Brings KFC, Taco Bell and Long John Silver’s From Dinner Table to Driver’s Seat in 2004 *** First-Time Racing Sponsors and World’s Leading Chicken, Mexican and Seafood Restaurants Gear Up for Maiden Run with Dale Earnhardt Jr. and Chance 2 Racing


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