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Yum! Brands Receives Gold Award for Excellence for “Taking People With You” Employee Leadership Training Program from Prestigious Learning and Development Organization Brandon Hall Group

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Building People Capability Drives Culture and Business at World’s Largest Restaurant Company

Louisville, KY, September 24, 2012 – Yum! Brands, Inc. (NYSE: YUM), the world’s largest restaurant company and parent of KFC, Pizza Hut and Taco Bell, announced today that its “TAKING PEOPLE WITH YOU” employee leadership training program has received a “Gold Award for Excellence” in the category of custom content from Brandon Hall Group’s Excellence in Learning, Talent Management, and Sales and Marketing Awards.

Yum! Brands’ “TAKING PEOPLE WITH YOU” training program was selected because of its innovation, program design, functionality, measurable benefits and satisfying the needs of the organization. More than 100 entries were received within the custom creation category and evaluated by a panel of veteran, independent senior industry experts, Brandon Hall Group senior analysts and executive leadership. An award from Brandon Hall Group signifies one of the top peer recognition honors in the learning industry globally.

The “TAKING PEOPLE WITH YOU” training program is based on Yum! Brands Chairman and CEO David Novak’s New York Times and Wall Street Journal bestselling book, TAKING PEOPLE WITH YOU: The Only Way to Make BIG Things Happen. The book, released in January 2012, contains secrets based on the unique leadership program Novak developed and has taught during his fifteen years at Yum! to thousands of managers and franchisees around the world. It offers a step-by-step guide to setting big goals, getting others on board and achieving break-through results. Yum! leveraged the book into a formalized training program that is currently being cascaded globally throughout the organization in eleven different languages.

“Our number one goal is to build people capability and we are proud that our global TAKING PEOPLE WITH YOU training program has been recognized as a gold standard,” said Rob Lauber, Vice President, Yum! University, Yum! Brands, Inc. “We’re leveraging TAKING PEOPLE WITH YOU to cultivate leaders throughout our organization,“ added Lauber.

“This years’ winner should be very proud of their achievements especially based on the rigorous judging process all submissions underwent,” said Mike Cooke, Chief Executive Officer of Brandon Hall Group, Inc. “We are honored to recognize the award winners who exemplify a high standard of performance in their organization and demonstrate clear, measurable business results through these innovative programs.”

Yum! Brands has a rich history of employee development and being defined as a great place to work. Over the past several years, Yum! has received acclaim for its commitment to employees through its recognition as one of FORTUNE magazine’s “Top 50 Employers for Minorities,” one of FORTUNE’s “Top 50 Employers for Women,” one of BLACK ENTERPRISE’s “40 Best Companies for Diversity,” one of the “Corporate 100 Companies Providing Opportunities for Hispanics” by Hispanic Magazine, one of the “Top 50 Corporations for Supplier Diversity” by Hispanic Enterprise Magazine, one of the “100 Best Corporate Citizens” by Corporate Responsibility Officer magazine and by BusinessWeek as one of the “Top 15 Companies for In-Kind Corporate Philanthropy.”

About Yum! Brands, Inc.

Yum! Brands, Inc., based in Louisville, Kentucky, is the world’s largest restaurant company in terms of system restaurants with nearly 38,000 restaurants in more than 120 countries and territories. Yum! is ranked #213 on the Fortune 500 List with revenues of more than $12 billion in 2011. The Company’s restaurant brands - KFC, Pizza Hut and Taco Bell - are the global leaders of the chicken, pizza and Mexican-style food categories. Outside the United States, the Yum! Brands system opened approximately four new restaurants each day of the year, making it a leader in international retail development. The Company has consistently been recognized for its reward and recognition culture, diversity leadership, community giving, and consistent shareholder returns.

About Brandon Hall Group

Having worked with more than 10,000 clients globally and after 20 years of delivering world-class solutions, Brandon Hall Group is the preeminent research and analyst organization focused on developing research-driven solutions to drive organizational performance for emerging and large organizations. Brandon Hall Group has an extensive repository of thought leadership, research, data and expertise in Learning and Development, Talent Management, Sales Effectiveness, Marketing Impact, and Executive Management. (www.brandonhall.com)

Release Notice

The releases contained on this page may contain dated information. Readers are cautioned that the releases on this page are maintained here solely for the purposes of providing historical background about Yum! Brands, its business and product offerings. As the releases may contain dated information, they should not be relied upon as providing accurate or current information. Yum! Brands disclaims any intention or obligation to update or revise any of the information contained in any of the releases on this page, whether as a result of new information, future events or otherwise.

Yum! News 2012

November 29, 2012 Yum! Brands Announces Full-Year 2013 Expectations; Reconfirms Full-Year 2012 EPS Growth Forecast of at least 13%; Will Host Investor Update Meeting Thursday, December 6, 2012

October 24, 2012 Muhammad Ali Center Peace Gardens Top 100 Worldwide As Program Kicks-Off Third Year of Offering School Garden Grants That Help Teach Children Multicultural Respect, Hunger Relief and Nutrition; Yum! Brands Foundation Underwrites Peace Garden Initiative as Extension of World Hunger Relief Effort through Partnership with National Gardening Association

October 3, 2012 World Food Programme Ambassador Christina Aguilera and Yum! Brands Chairman David Novak Honored at State Department with George McGovern Leadership Award

October 2, 2012 Yum! Brands Launches Defining Global Volunteer Movement; Hunger to Hope Volunteer Challenge Encourages Local Community Service

September 27, 2012 Yum! Brands, KFC, Pizza Hut and Taco Bell Launch Annual World Hunger Relief Effort with Global Spokesperson Christina Aguilera Using Her Voice for Good in New Public Service Announcement; Aguilera Urges People to Help the Nearly 1 Billion Hungry Worldwide; Visit FromHungertoHope.com

September 25, 2012 Yum! China Celebrates 25th Anniversary and 4,000th KFC Restaurant; Milestone Spotlights Company’s Growth and Leading Position in China

September 24, 2012 Yum! Brands Receives Gold Award for Excellence for “Taking People With You” Employee Leadership Training Program from Prestigious Learning and Development Organization Brandon Hall Group; Building People Capability Drives Culture and Business at World’s Largest Restaurant Company

August 3, 2012 Yum! Brands Chairman and CEO David Novak Receives “2012 CEO of the Year” Honor from Chief Executive Magazine

August 1, 2012 Christina Aguilera Uses Voice for Good in New Public Service Announcement for Yum! Brands’ World Hunger Relief Effort This Fall

June 27, 2012 Chief Executive Magazine Names Yum! Brands’ Chairman and CEO David Novak 2012 CEO of the Year

April 30, 2012 Yum! Brands Inc. Promotes Carucci President and Grismer Chief Financial Officer

April 13, 2012 Tomorrow’s Leaders Find Solutions to Fight World Hunger Today by Leveraging Principles in Yum! Brands Chairman and CEO David Novak’s Bestselling Book: TAKING PEOPLE WITH YOU: The Only Way to Make BIG Things Happen

March 23, 2012 Yum! Brands Inc. Declares Quarterly Dividend of $0.285 per Share Requires Acrobat Reader

January 6, 2012 Little Sheep Shareholders Approve Privatization Proposal

January 3, 2012 Yum! Brands Chairman and CEO David Novak Shares Break-Through Leadership Strategies in New Book, TAKING PEOPLE WITH YOU: The Only Way to Make BIG Things Happen

December 05, 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