Yum! News 2011

Dec 5, 2011 Yum! Brands Announces Full-Year 2012 Expectations; Raises 2011 EPS Growth Forecast to at least 13%, Excluding Special Items; Will Host Investor Update Meeting Wednesday, December 7, 2011

Nov 22, 2011 Yum! Brands Reorganizes International Division to Drive Continued Growth *** Promotes Micky Pant to Chief Executive Officer of International Division; and Creates Yum! Restaurants India as Separate Division

Nov 18, 2011 Yum! Brands Inc. Appoints Mirian M. Graddick-Weir to Board; Announces an Additional $750 Million Share-Repurchase Authorization and Declares Quarterly Dividend of $0.285 per Share

Nov 7, 2011 China’s Ministry of Commerce Approves Yum! Brands Proposal to Acquire China’s Little Sheep Restaurants

Sep 23, 2011 Yum! Brands, KFC, Pizza Hut and Taco Bell Launch Annual World Hunger Relief with Global Spokesperson Christina Aguilera Lending Her Powerful Voice in New Public Service Announcement *** Aguilera Urges People to Help the Nearly 1 Billion Hungry Worldwide; Visit FromHungertoHope.com

Sep 22, 2011 Yum! Brands Announces Definitive Agreements to Sell Long John Silver’s and A&W All-American Restaurants to Key Franchisee Leaders

Sep 20, 2011 Yum! Brands’ World Hunger Relief Effort Reports $67 Million Raised Over Three Years Toward Clinton Global Initiative Commitment; Nearly $85 Million Collected for World Food Programme and Others Since 2007 *** Company Enabling World Food Programme to Provide Millions of Meals to Hungry School Children in Developing Countries

Sep 14, 2011 Yum! Brands Inc. Announces 14% Increase In Quarterly Dividend, Seventh Consecutive Double-Digit Increase

Aug 17, 2011 Yum! Brands Directs First $1 Million of World Hunger Relief Funds to Help Fight Hunger in The Horn of Africa

Jul 27, 2011 Christina Aguilera Lends Powerful Voice in New Public Service Announcement for Yum! Brands’ World Hunger Relief Effort This Fall

Jul 20, 2011 Yum! Brands Recognized by BLACK ENTERPRISE’S “40 Best Companies for Diversity” List for Seventh Consecutive Year *** Diversity Drives Culture and Business at World’s Largest Restaurant Company

May 19, 2011 Yum! Brands Inc. Declares Quarterly Dividend of $0.25 Per Share

May 13, 2011 Proposed Privatization of Little Sheep at HK$6.50 per Scheme Share

Apr 26, 2011 Yum! Brands Makes Preliminary Proposal to Acquire China’s Little Sheep Restaurants

Apr 18, 2011 Yum! Brands’ International Division Opens 400th KFC Restaurant in Indonesia *** Milestone Spotlights Company’s Growth and Success in Emerging Markets

Mar 25, 2011 Yum! Brands Inc. Declares Quarterly Dividend of $0.25 Per Share

Jan 18, 2011 Yum! Brands Places Long John Silver’s and A&W All–American Restaurants for Sales *** Company sharpens focus for long–term growth on continued expansion at China and Yum! Restaurants International divisions, and building sales layers and innovation at Taco Bell, Pizza Hut and KFC in U.S.

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