ANNUAL MEETING
The Annual Meeting of Shareholders will be at TRICON’s headquarters, Louisville, KY at 9:00 a.m. (EDT), Thursday, May 20, 1999. Proxies for the meeting will be solicited by an independent proxy solicitor. This Annual Report is not part of the proxy solicitation.

INQUIRIES REGARDING YOUR STOCK HOLDINGS
Registered Shareholders (shares held by you in your name) should address communications concerning statements, dividend payments, address changes, lost certificates and other administrative matters to:

TRICON Global Restaurants, Inc.
c/o Boston Equiserve, L.P.
P.O. Box 8038
Boston, MA 02266-8038
(888) 439-4986

or

James B. Alterman
Manager, Shareholder Relations
TRICON Global Restaurants, Inc.
1441 Gardiner Lane
Louisville, KY 40213
Telephone: (888) 2YUMYUM
EMAIL: james.alterman@tricon-yum.com
Internet: www.triconglobal.com

In all correspondence or telephone inquires, please mention TRICON, your name as printed on your statement or stock certificate, your social security number, your address and telephone number.

BENEFICIAL SHAREHOLDERS (shares held in the name of your bank or broker) should direct communications on all administrative matters to your stockbroker.

Tricon YUMBUCKS and SharePower Participants (employees with YUMBUCKS shares or SharePower options) should address all questions regarding your account, outstanding options or shares received through option exercises to:

Merrill Lynch – SharePower/YUMBUCKS
Stock Option Plan Services
P.O. Box 30466
New Brunswick, NJ 08989-0446
Telephone: (800) 637-2432 (U.S., Puerto Rico and Canada)
(732) 560-9444 (all other locations)

In all correspondence, please provide your account number (for U.S. citizens, this is your social security number), your address, your telephone number and mention either TRICON YUMBUCKS or SharePower. For telephone inquiries, please have a copy of your most recent statement available.

 

EMPLOYEE BENEFIT PLAN PARTICIPANTS
Capital Stock Purchase Plan (888) 875-4015
SaveUp 401(k) (888) 875-4015
TRICON Savings Center (617) 847-1013
P.O. Box 1389 (outside U.S.)
Boston, MA 02104-1389

Please have a copy of your most recent statement available when calling. Press *0 for a customer service representative and give the representative the name of the Plan.

OPTIONAL CASH INVESTMENT
A brochure explaining this convenient plan is available from our transfer agent:
Boston Equiserve, L.P.
P.O. Box 8038
Boston, MA 02266-8038 (888) 439-4986

LOW-COST INVESTMENT PLAN

Investors may purchase their initial share of stock through NAIC’s Low-Cost Investment Plan. 

For details contact:
National Association of Investors Corporation (NAIC)711

West Thirteen Mile Road
Madison Heights, MI 48071
(810) 583-NAIC (6242)

FINANCIAL AND OTHER INFORMATION
Earnings and other financial results, corporate news, and other company information are available on TRICON’s web site: www.triconglobal.com

Copies of TRICON’s SEC Form 8-K, 10-K and 10-Q reports and quarterly earnings releases are available free of charge. Contact TRICON’s Manager of Shareholder Relations at (888) 2YUMYUM or EMAIL james.alterman@tricon-yum.com

Securities analysts, portfolio managers, representatives of financial institutions and other individuals with questions regarding TRICON’s performance are invited to contact:

Lynn A. Tyson
Vice President, Investor Relations
TRICON Global Restaurants, Inc.
Louisville, KY 40213
Telephone: (502) 874-8617

INDEPENDENT AUDITORS
KPMG LLP
400 West Market Street, Suite 2600
Louisville, KY 40202
Telephone: (502) 587-0535

STOCK TRADING SYMBOL   —  YUM


The New York Stock Exchange is the principal market for TRICON Common stock.

SHAREHOLDERS
At year-end 1998, there were approximately 175,000 shareholders of record.

DIVIDEND POLICY
TRICON does not currently pay dividends, nor does it anticipate doing so in the near future.

TRICON’s Annual Report contains many of the valuable trademarks owned and used by TRICON and subsidiaries and affiliates in the United States and internationally.

Design: Belk Mignogna Associates, New York