Yum! Shareholder Services

Direct Stock Purchase

Yum! Brands Inc. is pleased to offer you the opportunity to participate in YUM Direct, a convenient and low-cost stock-purchase program for new investors to make an initial purchase and for existing investors to increase their holdings of Yum! Brands' common stock.

Participation in YUM Direct Stock Purchase Plan allows shareholders to . . .

  • Invest in Yum! Brands’ common stock through a convenient, low-cost method
  • Build investments over time, starting with as little as $250 for new investors, $25 for existing investors
  • Invest in shares directly by check, money order or bank draft
  • Authorize automatic monthly investments from checking or savings accounts
  • Invest up to $250,000 per year
  • Elect to have future dividends automatically reinvested
    (May 20, 2004, Yum! Brands announced the company's first-ever quarterly cash dividend payable August 6, 2004, to shareholders of record at the close of business on July 6, 2004.)

To secure an application and prospectus for the YUM Direct Stock Purchase Plan, call American Stock Transfer & Trust Company (AST), the program administrator. The toll-free number is 888/439-4986. Use this dedicated Yum! Brands’ number to reach customer service representatives 8:00am to 7:00pm Eastern Time, Monday - Thursday, and 8:00am to 5:00pm Friday. Requests for information about the Plan will be processed through the AST automated line 24 hours a day, seven days a week.

To access AST's Web site, review details of the Plan and enroll, you may also click on the following link: www.amstock.com.

Please read the prospectus carefully. If you have questions about YUM Direct, please call AST at 888/439-4986. AST’s shareholder services department hours are: Monday – Thursday, 8:00a.m. to 7:00 p.m., and Friday, 8:00a.m. to 5:00p.m. Eastern Time.