Yum! Brands, Inc. (NYS: YUM)

General Company Information Principal Office Website 1441 Gardiner Lane Louisville, KY 40213www.yum.com USA

Phone Primary NAICS 502 874-8300 722211 : Limited-Service Restaurants

Fax Closing Stock Price 502 874-8790 71.48 (as of 09/09/2013)

Auditor Incorporated KPMG LLP 1997 , NC, United States

Number of Employees Mergent Dividend Achiever 523,000 (Year End Average Staff as ofNo 12/29/2012)

Country Number of Shareholders United States 65,133 (as of 02/12/2013)

Exchange and Ticker Annual Meeting NYS : YUM In May

Primary SIC 5812 : Eating places

Business Summary Yum! Brands is a service restaurant company. Through the three concepts of KFC, Pizza Hut and Taco Bell, Co. develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items. Co.'s business consists of six operating segments: YUM Restaurants China, which includes mainland China; YUM Restaurants International, which includes the remainder of Co.'s international operations; the U.S., which consists of Taco Bell U.S., KFC U.S., and Pizza Hut U.S.; and YUM Restaurants India, which includes India, Bangladesh, Mauritius, Nepal and Sri Lanka. As of Dec 29 2012, Co. had about 39,000 units in more than 125 countries and territories.

Company Details

Pricing Summary

Time Period: 1 week

Yesterday 5 Days 30 Days Close 71.48 69.84 74.4 Volume 3,323,516.002,633,502.00N/A

52 Week High/Low : 74.82 - 62.08 % Price Change (100 Days) : 5.51 200-Day Moving Avg. : 69.85

Company News 3:09PM, 10 September 2013 - McDonalds (MCD) And KFC (YUM) See China Sales Fall: Why Is One Beating The Other? - Teknowledge - International Business Times 1:48PM, 10 September 2013 - KFC Yum Center hosts just one concert in July, posts operating loss

- Bizjournals 11:03AM, 10 September 2013 - Inequality's Threat to Our Fiscal Future - PolicyShop 8:45AM, 10 September 2013 - Smaller KFC Yum! Center arena tax district could raise more revenue

- courier-journal 6:28AM, 10 September 2013 - Fast- Food Workers Are Right: Raise the Minimum Wage - TheStreet.com 4:21AM, 10 September 2013 - Yum! Brand sees same-store sales continue to fall - China Economic Net 2:57PM, 9 September 2013 - Are store additions by food retail chains sustainable? - Business Standard 2:52PM, 9 September 2013 - Yum China's August same-store sales below expectations - Resturant News 2:14PM, 9 September 2013 - Analysts: Yum May be Struggling in China and 3 Other Research Notes to Look Over - Wall St. Cheat Sheet 6:04PM, 8 September 2013 - Slumping Retail Sales Suggest China Is Tipping Into Recession - Forbes

Corporate Events Earnings Announcement Data - October 08 2013 : On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (tentative). Earnings Announcement Data - October 08 2013 : On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (verified). Earnings Announcement Data - October 09 2013 : On Oct. 9 2013, Co. announced its 3rd quarter earnings after market (inferred). Earnings Announcement Data - October 09 2013 : On Oct. 9 2013, Co. announced its 3rd quarter earnings after market (tentative). Earnings Announcement Data - July 10 2013 : On July 10 2013, Co. announced its 2nd quarter earnings after market (tentative). Earnings Announcement Data - July 10 2013 : On July 10 2013, Co. announced its 2nd quarter earnings after market (verified). Conference Call Announcements - July 11 2013 : On July 11 2013, Co. scheduled a conference call at 9:15 am.

Key Executives David Novak Age Salary Chairman,Chief Executive Officer 60 1,450,000 Jing-Shyh Su Age Salary Vice-Chairman,Division Officer 60 1,088,462 Richard Carucci Age Salary President 56 877,692 Christian Campbell Age Salary Senior Vice President,Chief Franchise 62Policy Officer,Secretary,General509,231 Counsel Jonathan Blum Age Senior Vice President 54

Key Financials (In USD as of 06/15/2013)

Income Statement Revenue 13,161m Net Income 1,426m EPS from Continuing Operations 3.06 EPS - Net Income - Diluted 3.06 Revenue per Share 28.99 Balance Sheet Total Assets 8,764m Total Liabilities 6,541m Shareholders' Equity 2,223m Total Assets per Share 19.61 Net Assets per Share 4.97 Cash Flows Cash from Operations 2,099m Cash from Investing -819m Cash from Financing -1,764m Capital Expenditures 1,165m Cash Flow per Share 4.52

Financial Highlights

Financial Highlights as of 12/29/2012 in USD

Income Statement (In Thousan ds) Total Revenue 13,633,000 EBITDA 2,876,000 Operating Income 2,095,000 Net Income 1,597,000 Revenue per Share 29.65 EPS from Continuing Operations 3.38 EPS - Net Income - Diluted 3.38 Share Outstanding 451,000 Weighted Average Shares Outstanding - Diluted 461,000 Weighted Average Shares Outstanding - Basic 473,000 Earnings per Share - Basic 3.46 Balance Sheet (In Thousan ds) Total Assets 9,011,000 Current Assets 1,909,000 Total Liabilities 6,798,000 Long Term Debt 2,932,000 Stockholders' Equity 2,154,000 Total Assets per Share 19.98 Current Liabilities 2,188,000 Net Assets per Share 4.91 Cash Flow Statement (In Thousan ds) Cash from Operations 2,294,000 Cash from Investing (1,005,000) Cash from Financing (1,716,000) Capital Expenditures 1,099,000 Cash Flow per Share 4.85 Cash & Cash Equivalents, Beginning of Year 1,198,000 Cash & Cash Equivalents, End of Year 776,000 Stock Price and Valuation (Data as of 09/09/2013) Market Cap(mil) 31,896 Share Outstanding(000's) 446,225 PE Ratio 23.3595 Dividend Per Share(TTM) 1.34 Earning Per Share(TTM) 3.12 Last Closing Price 71.48 Previous Trading Day Range 70.14 - 71.71 52 Week Range 62.08 - 74.82 7 Day Average Closing Price 70.11 30 Day Average Closing Price 71.63 200 Day Average Closing Price 69.85 Beta 0.9 High Price Last 3 Mos. 74.82 Low Price Last 3 Mos. 68.1 Avg Daily Volume Last 3 Mos. 2,619,424.92

Management Effectiveness Revenue per Employee 26,139.00 Net Income per Employee 3,062.00 ROA % (Net) 17.95 ROE % (Net) 80.53 ROI % (Operating) 41.05 Profitability Ratios Gross Margin 27.73 Operating Margin 15.37 EBITDA Margin % 21.1 Calculated Tax Rate % 25.6 Profit Margin (TTM) 11.71 Valuation Ratios Price/Earnings (TTM) 18.65 Price/Book (TTM) 13.19 Price/Cash Flow(TTM) 12.97 Asset Management Total Asset Turnover 1.53 Receivables Turnover 46.58 Inventory Turnover 33.62 Property Plant & Equip Turnover 3.3 Cash & Equivalents Turnover 13.85 Debt Management Interest Coverage 14.06 Long Term Debt/Equity 1.36 Long Term Debt as % of Invested Capital 57.54 Total Debt/Equity 1.37 Accounts Payable Turnover 19.59 Accrued Expenses Turnover 14.26 Liquidity Indicators Quick Ratio 0.49 Current Ratio 0.87 Net Current Assets as % of Total Assets (3.10) Free Cash Flow per Share 2.6 Revenue to Assets 1.51 Consensus Estimates 2013Ae 2013Q3e 2013Q4e Earnings Per Share 3.06 0.93 0.87 Revenue 13,413.00 3,517.00 4,438.17 EBITDA 2,717.00 771 806

Property Co. owns its principal executive offices in Louisville, KY.

As of Dec. 29, 2012, Co.'s restaurant concepts, consisting of KFC, Pizza Hut and Taco Bell, owned nearly 900 units and leased land, building or both for nearly 6,700 units worldwide. These units are further detailed as follows: Co.'s China Division leased land, building or both in more than 4,500 units; Co.'s International Division (YRI) owned more than 100 units and leased land, building or both in more than 1,000 units; Co.'s U.S. Division owned more than 700 units and leased land, building or both in more than 1,000 units; and Co.'s India Division leased land, building or both in more than 100 units.

Co.'s China Division leases their corporate headquarters and research facilities in Shanghai, China. The Pizza Hut U.S. and YRI corporate headquarters and a research facility in Plano, TX are owned by Pizza Hut. Taco Bell leases its corporate headquarters and research facility in Irvine, CA. The KFC U.S. and a research facility in Louisville, KY are owned by the Co. In addition, Co. leases office facilities for the U.S. Division shared service center in Louisville, KY.

Principal Executive Offices 1441 Gardiner Lane Louisville, KY 40213 United States

Subsidiaries SUBSIDIARY NAME PERCEN COUNTRY T OWNED Subsidiaries Subsidiaries ABR Insurance Company 100% United States A.C.N. 002 543 286 Pty. Ltd. 100% Australia A.C.N. 002 812 151 Pty. Ltd. 100% Australia A.C.N. 003 007 690 Pty. Ltd. 100% Australia A.C.N. 003 190 163 Pty. Ltd. 100% Australia A.C.N. 003 190 172 Pty. Ltd. 100% Australia A.C.N. 003 273 854 Pty. Ltd. 100% Australia A.C.N. 004 240 046 Pty. Ltd. 100% Australia A.C.N. 005 041 547 Pty. Ltd. 100% Australia A.C.N. 009 064 706 Pty. Ltd. 100% Australia A.C.N.010 355 772 Pty. Ltd. 100% Australia A.C.N. 054 055 917 Pty. Ltd. 100% Australia A.C.N. 084 994 374 Pty. Ltd. 100% Australia A.C.N. 085 239 961 Pty. Ltd. (SA1) 100% Australia A.C.N. 085 239 998 Pty. Ltd. (SA2) 100% Australia A.C.N. 103 640 393 Pty. Ltd. 100% Australia Ashton Fried Chicken Pty. Ltd. 100% Australia Baotou Little Sheep Jingchen Catering Co.,Ltd100% China (Peoples Rep. Of) Baotou Little Sheep Mutton Co., Ltd 100% China (Peoples Rep. Of) Baotou Little Sheep Shenhua Catering Company100% LimitedChina (Peoples Rep. Of) Baotou Yangwang Farming Company Limited100% China (Peoples Rep. Of) Bazhou Jianxin Little Sheep Catering Co,100% Ltd. China (Peoples Rep. Of) Bazhou Little Sheep Catering Co, Ltd. 100% China (Peoples Rep. Of) Beijing KFC Co., Ltd. 100% China (Peoples Rep. Of) Beijing Pizza Hut Co., Ltd. 100% China (Peoples Rep. Of) Beijing Yizhuang Little Sheep Catering Co.,100% Ltd. China (Peoples Rep. Of) Beijing Zhichun Road Little Sheep Catering100% Co., Ltd.China (Peoples Rep. Of) BengBu NanShan Little Sheep Catering Co.,100% Ltd China (Peoples Rep. Of) Binzhou Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Changsha Fuwang Catering Management100% Co.,LtdChina (Peoples Rep. Of) Changsha KFC Co., Ltd. 100% China (Peoples Rep. Of) ChangSha Little Sheep Catering Administration100% Co.,China Ltd (Peoples Rep. Of) Changsha Yongao Catering Co. Ltd. 100% China (Peoples Rep. Of) Chengdu Little Sheep Catering Company100% Limited China (Peoples Rep. Of) China XiaoFeiYang Catering Chain Co., Ltd.100% British Virgin Islands Chongqing KFC Co., Ltd. 100% China (Peoples Rep. Of) Cyprus Caramel Restaurants Limited 100% Cyprus Dalian KFC Co., Ltd. 100% China (Peoples Rep. Of) Dezhou Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of) Dongguan Humen Little Sheep Catering Co.100% Ltd. China (Peoples Rep. Of) Dongguan KFC Co., Ltd. 100% China (Peoples Rep. Of) Finger Lickin' Chicken Limited 100% United Kingdom Foshan Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Foshan Mengjie Catering Company Limited100% China (Peoples Rep. Of) Fuzhou Cangshan Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) Fuzhou Fuxing Little Sheep Catering Company100% LimitedChina (Peoples Rep. Of) Fuzhou Gulou Hualin Little Sheep Catering100% Co.,Ltd.China (Peoples Rep. Of) Fuzhou Gulou Little Sheep Catering Company100% LimitedChina (Peoples Rep. Of) Fuzhou Taijiang Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) Gansu Hongfu Little Sheep Catering Management100% China Company (Peoples Limited Rep. Of) Gansu Hongxi Little Sheep Catering Co., 100%Ltd. China (Peoples Rep. Of) Gansu Hongxiang Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) GanSu Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) GCTB, Inc. 100% United States Gloucester Properties Pty. Ltd. 100% Australia Guangzhou Hajie Catering Co.,Ltd 100% China (Peoples Rep. Of) Guangzhou Little Sheep Corporation Consulting100% ManagementChina (Peoples Co.,Ltd. Rep. Of) Guangzhou Little Sheep Trading Company100% LimitedChina (Peoples Rep. Of) Guangzhou Yingfeng Yijing Catering Co.,Ltd.100% China (Peoples Rep. Of) Guangzhou Yuansheng Catering Co.,Ltd 100% China (Peoples Rep. Of) Hangzhou KFC Co., Ltd. 100% China (Peoples Rep. Of) Hangzhou YongAo Catering Co. Ltd. 100% China (Peoples Rep. Of) Hohhot Little Sheep Catering Co.,Ltd 100% China (Peoples Rep. Of) Huan Sheng Advertisng (Shanghai) Company100% China (Peoples Rep. Of) Huizhou Yanfu Catering Management Co.,Ltd100% China (Peoples Rep. Of) Hulun Buir Little Sheep Xiqi Mutton Co., Ltd.100% China (Peoples Rep. Of) Inner Mongolia Little Sheep Catering Chain100% CompanyChina Limited (Peoples Rep. Of) Inner Mongolia Little Sheep Food Company100% LimitedChina (Peoples Rep. Of) Inner Mongolia Little Sheep Seasoning Company100% LimitedChina (Peoples Rep. Of) Inventure Restaurantes Ltda. 100% Brazil Jiangmen Pengjiang Little Sheep Catering100% Co.,LtdChina (Peoples Rep. Of) Jiaozuo Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of) Jinan Zhaofei Little Sheep Catering Co.,Ltd100% China (Peoples Rep. Of) Jinjiang Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Kentucky Fried Chicken (Germany) Restaurant100% HoldingsGermany GmbH Kentucky Fried Chicken (Great Britain) Limited100% United Kingdom Kentucky Fried Chicken (Great Britain) Services100% LimitedUnited Kingdom Kentucky Fried Chicken de Mexico, S. de100% R.L. de C.V.Mexico Kentucky Fried Chicken Global B.V. 100% Netherlands Kentucky Fried Chicken International Holdings,100% Inc.United States Kentucky Fried Chicken Pty. Ltd. 100% Australia KFC Advertising, Ltd. 100% United Kingdom KFC Chamnord SAS 100% France KFC Corporation 100% United States KFC France Societe Par Actions Simplifiee100% France KFC Holding Co. 100% United States KFC Holding Societe Par Actions Simplifee100% France KFC Holdings B.V. 100% Netherlands KFC NEWCO SAS 100% France KFC Restaurants Spain S.L. 100% Spain KFC Western Europe SAS 100% France KFC U.S. Properties, Inc. 100% United States KRE Holdings, LLC 100% United States Kunming Jinding Catering Co., Ltd 100% China (Peoples Rep. Of) Kunming KFC Co., Ltd. 100% China (Peoples Rep. Of) Lanzhou KFC Co., Ltd. 100% China (Peoples Rep. Of) Little Sheep Catering Company Limited, Yongding100% ChinaRoad, (Peoples Beijing City Rep. Of) Little Sheep Group Limited 100% Cayman Islands Little Sheep Hong Kong Company Limited100% Hong Kong Little Sheep Hong Kong Holdings Company100% LimitedHong Kong Little Sheep Macau - Restaurant Chain of100% Stores LimitedMacao Little Sheep MongKok Company Limited 100% Hong Kong Little Sheep Tsim Sha Tsui Company Limited100% Hong Kong Little Sheep Tsuen Wan Company Limited100% Hong Kong Little Sheep Yuenlang Co.,Ltd 100% China (Peoples Rep. Of) Liuzhou Gubu Little Sheep Catering Co., 100%Ltd. China (Peoples Rep. Of) LiuZhou Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Multibranding Pty. Ltd. 100% Australia Nanchang KFC Co., Ltd. 100% China (Peoples Rep. Of) Nanchang Taoyuan Little Sheep Catering100% ManagementChina Co, (Peoples Ltd. Rep. Of) Nanjing Huixing Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) Nanjing KFC Co., Ltd. 100% China (Peoples Rep. Of) Nanjing Lucheng Little Sheep Catering Business100% ManagementChina (Peoples Co. Rep. Ltd. Of) Nanjing Mengle Little Sheep Catering Company100% LimitedChina (Peoples Rep. Of) Nanjing MengYuan Little Sheep Catering 100%Co., Ltd China (Peoples Rep. Of) Nanjing Runmeng Little Sheep Catering Company100% China Limited (Peoples Rep. Of) NanJing XingMeng Little Sheep Catering 100%Co., Ltd China (Peoples Rep. Of) Nanning KFC Co., Ltd. 100% China (Peoples Rep. Of) Nanning Little Sheep Catering Chain Company100% LimitedChina (Peoples Rep. Of) Nanning Ruyun Catering Co., Ltd. 100% China (Peoples Rep. Of) Newcastle Fried Chicken Pty. Ltd. 100% Australia Ningbo Haishu Little Sheep Catering Co.,100% Ltd. China (Peoples Rep. Of) NingBo JiangDong ShuGuang Little Sheep100% CateringChina Co., (Peoples Ltd Rep. Of) Ningbo Little Sheep Catering Company Limited100% China (Peoples Rep. Of) Norfolk Fast Foods Limited 100% United Kingdom Northside Fried Chicken Pty Limited 100% Australia Novo BL SAS 100% France Novo Re IMMO SAS 100% France Operadora Tlaxcor, S. de R.L. de C.V. 100% Mexico PCNZ Limited 100% Mauritius PHP de Mexico Inmobiliaria, S. de R.L. de100% C.V. Mexico Pizza Hut (UK) Limited 100% United Kingdom Pizza Hut Australia Pty Limited 100% Australia Pizza Hut Del Distrito, S. de R.L. de C.V. 100% Mexico Pizza Hut FSR Advertising Limited 100% United Kingdom Pizza Hut HSR Advertising Limited 100% United Kingdom Pizza Hut International, LLC 100% United States Pizza Hut Korea Limited 100% Korea (South) Pizza Hut Mexicana, S de RL de CV 100% Mexico Pizza Hut of America, Inc. 100% United States Pizza Hut, Inc. 100% United States Qianan Fenghui Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) Qingdao KFC Co., Ltd. 100% China (Peoples Rep. Of) Qinghe Little Sheep Catering Co. Ltd. 100% China (Peoples Rep. Of) Qinhuangdao Chenxin Little Sheep Catering100% Co., Ltd.China (Peoples Rep. Of) Qinhuangdao Ruikai Little Sheep Catering100% Co.,LtdChina (Peoples Rep. Of) Restaurant Holdings (UK) Limited 100% United Kingdom Restaurant Holdings Limited 100% United Kingdom SEPSA S.N.C. 100% France Shandong Little Sheep Hotel Management100% CompanyChina Limited (Peoples Rep. Of) Shanghai Changning Little Sheep Catering100% CompanyChina Limited (Peoples Rep. Of) Shanghai ChengShan Little Sheep Catering100% Co, LtdChina (Peoples Rep. Of) Shanghai Fengnan Little Sheep Catering 100%Co.,Ltd China (Peoples Rep. Of) Shanghai Gumei Little Sheep Catering Co.,Ltd100% China (Peoples Rep. Of) Shanghai Huijin Little Sheep Catering Co.,Ltd100% China (Peoples Rep. Of) Shanghai Jingan Little Sheep Catering Management100% China Company (Peoples Limited Rep. Of) Shanghai KFC Co., Ltd. 100% China (Peoples Rep. Of) Shanghai Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of) Shanghai Little Sheep Catering Company100% Limited China (Peoples Rep. Of) Shanghai Lujiabang Little Sheep Catering100% CompanyChina Limited (Peoples Rep. Of) Shanghai Luyuan Little Sheep Catering Company100% ChinaLimited (Peoples Rep. Of) Shanghai Pengpu Little Sheep Catering Company100% ChinaLimited (Peoples Rep. Of) Shanghai Pizza Hut Co., Ltd. 100% China (Peoples Rep. Of) Shanghai Pudong Little Sheep Catering Company100% ChinaLimited (Peoples Rep. Of) Shanghai Putuo Little Sheep Catering Company100% LimitedChina (Peoples Rep. Of) Shanghai Qibao Little Sheep Catering Company100% LimitedChina (Peoples Rep. Of) Shanghai Qingpu Little Sheep Catering Management100% China Company (Peoples Limited Rep. Of) ShangHai WangYuan Little Sheep Catering100% Co., LtdChina (Peoples Rep. Of) Shanghai Yangpu Little Sheep Catering Company100% ChinaLimited (Peoples Rep. Of) Shanghai Zhenhua Little Sheep Catering 100%Co.,Ltd China (Peoples Rep. Of) Shantou KFC Co., Ltd. 100% China (Peoples Rep. Of) ShenYang LianShuo Little Sheep Catering100% Co., LtdChina (Peoples Rep. Of) ShenYang MengXing Little Sheep Catering100% Co., LtdChina (Peoples Rep. Of) Shenyang Minsheng Little Sheep Catering100% CompanyChina Limited (Peoples Rep. Of) Shenyang Wangda Little Sheep Catering 100%Co., Ltd.China (Peoples Rep. Of) Shenyang Xiangjiang Little Sheep Catering100% CompanyChina Limited (Peoples Rep. Of) ShenYang YongAo Little Sheep Catering 100%Co., Ltd China (Peoples Rep. Of) Shenzhen Little Sheep Catering Chain Company100% LimitedChina (Peoples Rep. Of) Shenzhen Little Sheep Enterprise Company100% LimitedChina (Peoples Rep. Of) Shenzhen Meimeiyang Catering Management100% Co.,LtdChina (Peoples Rep. Of) Shenzhen Tianjiao Catering Co., Ltd. 100% China (Peoples Rep. Of) Shenzhen Xintu Catering Co., Ltd. 100% China (Peoples Rep. Of) Shenzheng Huacai Catering Co., Ltd. 100% China (Peoples Rep. Of) ShiShi Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Soc. Maintenance Des 2 Roues SAS 100% France Societe Civile Immobiliere Duranton 100% France Southern Fast Foods Limited 100% United Kingdom Stealth Investments Sarl 100% Luxembourg Suffolk Fast Foods Limited 100% United Kingdom Sunhill Holdings Sarl 100% Luxembourg Suzhou KFC Co., Ltd. 100% China (Peoples Rep. Of) Taco Bell Corp 100% United States Taco Bell of America, LLC 100% United States TaiYuan KFC Co., Ltd. 100% China (Peoples Rep. Of) Tanghai Huanyu Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) Tangshan Little Sheep Catering Co., Ltd.100% China (Peoples Rep. Of) THC I Limited 100% Malta THC II Limited 100% Malta THC III Limited 100% Malta THC IV Limited 100% Malta THC V Limited 100% Malta Tianjin Fanyang Little Sheep Catering Co.,100% Ltd. China (Peoples Rep. Of) Tianjin Fuan Little Sheep Catering Co., Ltd.100% China (Peoples Rep. Of) Tianjin KFC Co., Ltd. 100% China (Peoples Rep. Of) Tianshui Little Sheep Catering Company 100%Limited China (Peoples Rep. Of) Tricon Global Restaurants, Inc. 100% United States Valleythorn Limited 100% United Kingdom Wandle Investments Ltd. 100% Hong Kong Wenan Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of) West End Restaurants (Holdings) Limited100% United Kingdom West End Restaurants (Investments) Limited100% United Kingdom West End Restaurants Limited 100% United Kingdom Wuhan Mengwang Catering Co.,Ltd 100% China (Peoples Rep. Of) WuHan MengXiang Little Sheep Catering100% Co., LtdChina (Peoples Rep. Of) WuHan YongAo Little Sheep Catering Co.,100% Ltd China (Peoples Rep. Of) Wuxi KFC Co., Ltd. 100% China (Peoples Rep. Of) Xiamen KFC Co., Ltd. 100% China (Peoples Rep. Of) Xiamen Lianqian Little Sheep Catering Co.,Ltd100% China (Peoples Rep. Of) Xiamen Shixin Little Sheep Catering Co.,Ltd.100% China (Peoples Rep. Of) Xian Hepingmen Little Sheep Catering Co.,Ltd100% China (Peoples Rep. Of) Xian Hezong Little Sheep Catering Co., Ltd.100% China (Peoples Rep. Of) Xianghe Little Sheep Catering Service Co.,Ltd100% China (Peoples Rep. Of) Xilinhot Xihua Farming Development Company100% LimitedChina (Peoples Rep. Of) XiNing Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Xinjiang KFC Co., Ltd. 100% China (Peoples Rep. Of) Xinxiang Hongqi Heping Little Sheep Catering100% Co.,LtdChina (Peoples Rep. Of) Y.C.H. S.a.r.l. 100% Luxembourg YA Company One Pty. Ltd. 100% Australia YB Operadora, S. de R.L. de C.V. 100% Mexico YGR America, LLC 100% United States YGR International Limited 100% United Kingdom YIF US, LLC 100% United States Yinchuan Little Sheep Catering Company100% Limited China (Peoples Rep. Of) YRI Europe S.a.r.l. 100% Luxembourg YRI Global Liquidity S.a.r.l. 100% Luxembourg YRI Hong Kong II Limited 100% Hong Kong YRI Hong Kong IV Limited 100% Hong Kong YRI Investment Company S.a.r.l. 100% Luxembourg Yum Restaurants Espana, S.L. 100% Spain Yum Restaurants International (Proprietary)100% LimitedSouth Africa Yum Restaurants Services Group, Inc. 100% United States Yum! ll (UK) Limited 100% United Kingdom Yum! lll (UK) Limited 100% United Kingdom Yum! Asia Franchise Pte Ltd 100% Singapore Yum! Asia Holdings Pte. Ltd. 100% Singapore Yum! Australia Equipment Pty. Ltd. 100% Australia Yum! Australia Holdings I LLC 100% United States Yum! Australia Holdings II LLC 100% United States Yum! Australia Holdings III LLC 100% United States Yum! Australia Holdings Limited 100% Cayman Islands Yum! Brands Canada Management Holding100% CompanyCanada (Nova Scotia) Yum! Brands Canada Management LP 100% Canada Yum! Brands Mexico Holdings II LLC 100% United States Yum! Food (Hangzhou) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Food (Shanghai) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Franchise de Mexico, S. de R.L. 100% Mexico Yum! Franchise I LP 100% Canada Yum! Franchise II LLP 100% United Kingdom Yum! Franchise III 100% Australia Yum! Global Investments I B.V. 100% Netherlands Yum! Global Investments II B.V. 100% Netherlands Yum! Global Investments III, LLC 100% United States Yum! Holdings UK Limited 100% United Kingdom Yum! International Finance Company S.a.r.l.100% Luxembourg Yum! International Participations S.a.r.l. 100% Luxembourg Yum! Luxembourg Investments S.a.r.l. 100% Luxembourg Yum! Mexico, S. De. R. L. de CV 100% Mexico Yum! Realty Holdings, Inc. 100% Canada Yum! Restaurant Holdings 100% United Kingdom Yum! Restaurant Holdings (Great Britain)100% Limited United Kingdom Yum! Restaurantes do Brasil Ltda. 100% Brazil Yum! Restaurants (Canada) Company 100% Canada Yum! Restaurants (Chengdu) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Restaurants (China) Investment Co.,100% Ltd. China (Peoples Rep. Of) Yum! Restaurants (Fuzhou) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Restaurants (Guangdong) Co., Ltd.100% China (Peoples Rep. Of) Yum! Restaurants (Hong Kong) Ltd. 100% Hong Kong Yum! Restaurants (India) Private Limited100% India Yum! Restaurants (NZ) Ltd. 100% New Zealand Yum! Restaurants (Shenyang) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Restaurants (Shenzhen) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Restaurants (UK) Limited 100% United Kingdom Yum! Restaurants (Wuhan) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Restaurants (Xian) Co., Ltd. 100% China (Peoples Rep. Of) Yum! Restaurants Asia Private Ltd. 100% Singapore Yum! Restaurants Australia Pty Limited 100% Australia Yum! Restaurants Australia Services Pty 100%Ltd Australia Yum! Restaurants China Holdings Limited100% Hong Kong Yum! Restaurants Consulting (Shanghai)100% Co., Ltd.China (Peoples Rep. Of) Yum! Restaurants Europe Limited 100% United Kingdom Yum! Restaurants Germany GmbH 100% Germany Yum! Restaurants Holding, S. de R.L. de 100%C.V. Mexico Yum! Restaurants International (Canada)100% CompanyCanada Yum! Restaurants International (MENAPAK)100% SPCLLBahrain Yum! Restaurants International (Thailand)100% Co., Ltd.Thailand Yum! Restaurants International Holdings,100% Ltd. United States Yum! Restaurants International Limited 100% United Kingdom Yum! Restaurants International Ltd. & Co.100% KommanditgesellschaftGermany Yum! Restaurants International Management100% S.a.r.l.Luxembourg Yum! Restaurants International Russia and100% CIS LLCRussia Yum! Restaurants International Russia LLC100% Russia Yum! Restaurants International S.a.r.l. 100% Luxembourg Yum! Restaurants International Switzerland100% S.a.r.l.Switzerland Yum! Restaurants International, Inc. 100% United States Yum! Restaurants International, S de RL 100%de CV Mexico Yum! Restaurants Limited 100% United Kingdom Yum! Restaurants Marketing Private Limited100% India Yum! Restaurants New Zealand Services100% Pty. Ltd Australia Yum! Restaurants Spolka Z Ograniczona100% OdpowiedziainosciaPoland Yum! Restaurants, S de RL de CV 100% Mexico Yumsop Pty Limited 100% Australia Yuyao Little Sheep Catering Company Limited100% China (Peoples Rep. Of) Zhengzhou Hezong Little Sheep Catering100% Co., Ltd.China (Peoples Rep. Of) Zhengzhou Hongzhuan Little Sheep Catering100% Co.,LtdChina (Peoples Rep. Of) Zhengzhou KFC Co., Ltd. 100% China (Peoples Rep. Of) Zhongshan Little Sheep Catering Co.,Ltd100% China (Peoples Rep. Of)

Long Term Debt Dec. 29, 2012, $2,920,000,000 (including current portion of $10,000,000 and excluding long-term portion of fair value hedge accounting adjustment of $22,000,000) comprised of:

-- 01 -- $2,750,000,000 senior unsecured notes, bearing interest at stated rates ranging from 2.38% to 6.88%, maturing from Apr. 2016 through Nov. 2037.

-- 02 -- $170,000,000 capital lease obligations. Line of Credit: In 2012, Co. executed a five-year syndicated senior unsecured revolving credit facility (the "Credit Facility") totaling $1,300,000,000. The Credit Facility includes 24 participating banks with commitments ranging from $23,000,000 to $115,000,000 and expires on Mar. 31, 2017. Under the terms of the Credit Facility, Co. may borrow up to the maximum borrowing limit, less outstanding letters of credit or banker's acceptances, where applicable. At Dec. 29, 2012, Co.'s unused Credit Facility totaled $1,200,000,000 net of outstanding letters of credit of $63,000,000. There were no borrowings outstanding under the Credit Facility at Dec. 29, 2012. The interest rate for most borrowings under the Credit Facility ranges from 1.00% to 1.75% over the London Interbank Offered Rate ("LIBOR"). The exact spread over LIBOR under the Credit Facility depends upon Co.'s performance against specified financial criteria. Interest on any outstanding borrowings under the Credit Facility is payable at least quarterly.

The Credit Facility is unconditionally guaranteed by Co.'s principal domestic subsidiaries. This agreement contains financial covenants relating to maintenance of leverage and fixed charge coverage ratios and also contains affirmative and negative covenants including, among other things, limitations on certain additional indebtedness and liens, and certain other transactions specified in the agreement. Given Co.'s strong balance sheet and cash flows, Co. was able to comply with all debt covenant requirements at Dec. 29, 2012 with a considerable amount of cushion. Additionally, the Credit Facility contains cross-default provisions whereby Co.'s failure to make any payment on its indebtedness in a principal amount in excess of $125,000,000, or the acceleration of the maturity of any such indebtedness, will constitute a default under such agreement.

For details see below.

Capital Structure Abbreviation DescriptionStructure TypeExchange Ticker Market Cap Com Com Common NYS YUM 31,896,163,000

Business Segments

Business Analysis No information found under this company.

Geographic Analysis

Revenues

Report Date 12/29/2012 Currency USD Scale Millions China Division 6,898 YUM Restaurants International (YRI) 3,281 U.S. 3,352 India 102 Total 13,633 Report Date 12/31/2011 Currency USD Scale Millions China Division 5,566 YUM Restaurants International (YRI) 3,274 U.S. 3,786 Total 12,626

Report Date 12/25/2010 Currency USD Scale Millions China Division 4,135 YUM Restaurants International (YRI) 3,088 U.S. 4,120 Total 11,343

Report Date 12/26/2009 Currency USD Scale Millions China Division 3,682 YUM Restaurants International (YRI) 2,713 U.S. 4,473 Total 10,868

Report Date 12/27/2008 Currency USD Scale Millions China Division 3,128 YUM Restaurants International (YRI) 3,026 U.S. 5,125 Total 11,279

Operating Income

Report Date 12/29/2012 Currency USD Scale Millions China Division 1,015 YUM Restaurants International (YRI) 715 U.S. 666 India (1) Total 2,395

Report Date 12/31/2011 Currency USD Scale Millions China Division 908 YUM Restaurants International (YRI) 673 U.S. 589 Total 2,170

Report Date 12/25/2010 Currency USD Scale Millions China Division 755 YUM Restaurants International (YRI) 589 U.S. 668 Total 2,012 Report Date 12/26/2009 Currency USD Scale Millions China Division 602 YUM Restaurants International (YRI) 491 U.S. 647 Total 1,740

Report Date 12/27/2008 Currency USD Scale Millions China Division 469 YUM Restaurants International (YRI) 528 U.S. 694 Total 1,691 Pricing Information

Earning Per Share(TTM) 3.12

PE Ratio 23.3595

Closing Price As of 09/09/2013 : 71.48

Dividend Yield 1.8747

Dividend Per Share(TTM) 1.34

Market Cap(mil) 31,896

52 Week Range 62.08 - 74.82

% Price Change (100 Days) 5.51

Company Financials

Ratios Exchange rate used is that of the Year End reported date

Profitability Ratios 12/29/201 12/31/201 12/25/201 2 1 0 ROA % (Net) 17.95 15.13 15.02 ROE % (Net) 80.53 76.36 89.29 ROI % (Operating) 41.05 35.14 37.97 EBITDA Margin % 21.1 18.75 20.21 Calculated Tax Rate % 25.6 20.1 26.8 Revenue per Employee 26,139 26,656 30,090

Liquidity Ratios 12/29/201 12/31/201 12/25/201 2 1 0 Quick Ratio 0.49 0.6 0.68 Current Ratio 0.87 0.95 0.94 Net Current Assets % TA (3.1) (1.46) (1.62)

Debt Management 12/29/201 12/31/201 12/25/201 2 1 0 LT Debt to Equity 1.36 1.64 1.85 Total Debt to Equity 1.37 1.82 2.28 Interest Coverage 14.06 11.79 10.23

Asset Management 12/29/201 12/31/201 12/25/201 2 1 0 Total Asset Turnover 1.53 1.45 1.47 Receivables Turnover 46.58 45.84 45.96 Inventory Turnover 33.62 39.57 52.22 Accounts Payable Turnover 19.59 19.84 21.89 Accrued Expenses Turnover 14.26 15 17.72 Property Plant & Equip Turnover 3.3 3.16 2.94 Cash & Equivalents Turnover 13.85 9.47 12.79

Per Share 12/29/201 12/31/201 12/25/201 2 1 0 Cash Flow per Share 4.99 4.55 4.16 Book Value per Share 4.91 3.96 3.36

Income Statement Exchange rate used is that of the Year End reported date

As Reported Annual Income Statement Report Date 12/29/201 12/31/201 12/25/201 2 1 0 Currency USD USD USD Audit Status Not Not Not Qualified Qualified Qualified

Consolidated Yes Yes Yes Scale Millions Millions Millions Company sales 11,833 10,893 9,783 Franchise & license fees & income 1,800 1,733 1,560 Total revenues 13,633 12,626 11,343 Company restaurants - food & paper 3,874 3,633 3,091 Company restaurants - payroll & employee benefits2,620 2,418 2,172 Company restaurants - occupancy & other operating3,358 expenses 3,089 2,857 Company restaurants expenses 9,852 9,140 8,120 General & administrative expenses 1,510 1,372 1,277 Franchise & license expenses 133 145 110 Closures & impairment expenses (income) 37 135 47 Refranchising gain (loss) 78 (72) (63) Equity income from investments in unconsolidated47 affiliates 47 42 Gain upon consolidation of a former unconsolidated- affiliate in China - - Gain upon sale of investment in unconsolidated affiliate- - - Gain upon acquisition of Little Sheep 74 - - Minority interest - - - Foreign exchange net gain (loss) & other income(6) (expense) 6 1 Other expense (income) (115) (53) (43) Total costs & expenses, net 11,339 10,811 9,574 Operating profit 2,294 1,815 1,769 Interest expense 169 184 195 Interest income 20 28 20 Interest income (expense), net (149) (156) (175) Income (loss) before income taxes - U.S. 504 266 345 Income (loss) before income taxes - foreign1,641 1,393 1,249 Income (loss) before income taxes 2,145 1,659 1,594 Current federal income tax provision (benefit)160 78 155 Current foreign income tax provision (benefit)314 374 356 Current state income tax provision (benefit) 35 9 15 Total current income tax provision (benefit) 509 461 526 Deferred federal income tax provision (benefit)91 (83) (82) Deferred foreign income tax provision (benefit)(57) (40) (29) Deferred state income tax provision (benefit) (6) (14) 1 Total deferred income tax provision (benefit) 28 (137) (110) Income tax provision 537 324 416 Net income (loss) - including noncontrolling 1,608interest 1,335 1,178 Net income (loss) - noncontrolling interest (11) (16) (20) Net income - YUM! Brands, Inc. 1,597 1,319 1,158 Weighted average shares outstanding - basic461 469 474 Weighted average shares outstanding - diluted473 481 486 Year end shares outstanding 451 460 469 Net earnings (loss) per common share - basic3.46 2.81 2.44 Net earnings (loss) per common share - diluted3.38 2.74 2.38 Dividends declared per common share 1.24 1.07 0.92 Number of full time employees 78,450 - - Number of part time employees 444,550 - - Total number of employees 523,000 466,000 378,000 Number of common stockholders 65,133 67,435 72,000

Balance Sheet Exchange rate used is that of the Year End reported date

As Reported Annual Balance Sheet

Report Date 12/29/201 12/31/201 12/25/201 2 1 0 Currency USD USD USD Audit Status Not Not Not Qualified Qualified Qualified

Consolidated Yes Yes Yes Scale Millions Millions Millions Cash & cash equivalents 776 1,198 1,426 Accounts & notes receivable, gross 313 308 289 Less: Allowance for doubtful accounts - accounts12 & notes receivable 22 33 Accounts & notes receivable, net 301 286 256 Inventories 313 273 189 Income tax receivable 55 150 115 Assets held for sale 56 24 - Other prepaid expenses & current assets 161 164 154 Prepaid expenses & other current assets 272 338 269 Prepaid expenses & other current assets - - - Deferred income taxes 111 112 61 Advertising cooperative assets, restricted 136 114 112 Total current assets 1,909 2,321 2,313 Land 469 527 542 Buildings & improvements 4,093 3,856 3,709 Capital leases, primarily buildings 200 316 274 Machinery & equipment 2,627 2,568 2,578 Property, plant & equipment, gross 7,389 7,267 7,103 Accumulated depreciation & amortization 3,139 3,225 3,273 Property, plant & equipment, net 4,250 4,042 3,830 Goodwill 1,034 681 659 Intangible assets, net 690 299 475 Investments in unconsolidated affiliates 72 167 154 Restricted cash - 300 - Other assets 575 475 519 Deferred income taxes 481 549 366 Total assets 9,011 8,834 8,316 Accounts payable 684 712 540 Capital expenditure liability - - - Accrued capital expenditure 264 229 174 Accrued compensation & benefits 487 440 357 Dividends payable 151 131 118 Accrued taxes, other than income taxes 103 112 95 Other current liabilities 256 250 318 Accounts payable & other current liabilities 1,945 1,874 1,602 Income taxes payable 97 142 61 Current maturities of long-term debt 10 315 673 Current portion of fair value hedge accounting adjustment- 5 - Other short-term borrowings - - - Short-term borrowings 10 320 673 Advertising cooperative liabilities 136 114 112 Total current liabilities 2,188 2,450 2,448 Unsecured revolving credit facility - - - Senior unsecured notes 2,750 3,012 3,257 Senior, unsecured term loan - - - Capital lease obligations 170 279 236 Other long-term debt - - 64 Total long-term debt 2,920 3,291 3,557 Less current maturities of long-term debt 10 315 673 Long-term debt excluding hedge accounting2,910 adjustment 2,976 2,884 Long-term portion of fair value hedge accounting22 adjustment 21 31 Long-term debt 2,932 2,997 2,915 Other liabilities & deferred credits 1,579 1,471 1,284 Total liabilities 6,699 6,918 6,647 Redeemable non-controlling interest 59 - - Common stock - 18 86 Retained earnings (accumulated deficit) 2,286 2,052 1,717 Foreign currency translation adjustment 166 140 55 Pension & post retirement gains losses, net (286)of tax (375) (269) Net unrealized gains (losses) on derivative instruments,(12) net of tax (12) (13) Accumulated other comprehensive income (loss)(132) (247) (227) Total shareholders' equity (deficit) - YUM! Brands,2,154 Inc. 1,823 1,576 Noncontrolling interest 99 93 93 Total shareholders' equity (deficit) 2,253 1,916 1,669

Cash Flows Exchange rate used is that of the Year End reported date

As Reported Annual Cash Flow Report Date 12/29/201 12/31/201 12/25/201 2 1 0 Currency USD USD USD Audit Status Not Not Not Qualified Qualified Qualified

Consolidated Yes Yes Yes Scale Millions Millions Millions Net income (loss) - including noncontrolling 1,608interest 1,335 1,178 Depreciation & amortization 645 628 589 Closures & impairment expenses (income) 37 135 47 Refranchising loss (gain) (78) 72 63 Contributions to defined benefit pension plans(119) (63) (52) YUM Retirement Plan settlement charge 84 - - Loss (gain) upon consolidation of a former unconsolidated(74) affiliate in China- - Loss (gain) on sale of interest in Japan unconsolidated- affiliate - - Deferred income taxes 28 (137) (110) Equity loss (income) from investments in unconsolidated(47) affiliates (47) (42) Distributions of income received from unconsolidated41 affiliates 39 34 Excess tax benefits from share-based compensation(98) (66) (69) Share-based compensation expense 50 59 47 Accounts & notes receivable (18) (39) (12) Inventories 9 (75) (68) Prepaid expenses & other current assets (14) (25) 61 Accounts payable & other current liabilities 9 144 61 Income taxes payable 126 109 104 Other cash flow from operating activities 105 101 137 Net cash flows from operating activities 2,294 2,170 1,968 Capital spending (1,099) (940) (796) Proceeds from refranchising of restaurants 364 246 265 Acquisitions & investments - (81) (62) Acquisitions (543) - - Changes in restricted cash 300 (300) - Acquisition of restaurants from franchisees - - - Acquisitions & disposals of investments - - - Sales of property, plant & equipment - 30 33 Other cash flows from investing activities, net(27) 39 (19) Net cash flows from investing activities (1,005) (1,006) (579) Proceeds from long-term debt - 404 350 Repayments of long-term debt (282) (666) (29) Revolving credit facilities, three months or less, net- - (5) Short-term borrowings by original maturity, three -months or less, net - (3) Repurchase shares of common stock (965) (752) (371) Excess tax benefit from share-based compensation98 66 69 Employee stock option proceeds 62 59 102 Dividends paid on common stock (544) (481) (412) Other cash flows from financing activities, net(85) (43) (38) Net cash flows from financing activities (1,716) (1,413) (337) Effect of exchange rate on cash & cash equivalents5 21 21 Net increase (decrease) in cash & cash equivalents(422) (228) 1,073 Change in cash & cash equivalents due to consolidation- of entities in China- - Cash & cash equivalents - beginning of year1,198 1,426 353 Cash & cash equivalents - end of year 776 1,198 1,426 Cash paid for interest 166 199 190 Cash paid for income taxes 417 349 357

Executives

Officers David C. Novak David C. Novak, announced that Director of JPMorgan Chase & Co. will not seek re-election when their terms expire May 14. Mr. Novak has been Chairman of Yum! Brands, Inc. since January 2001 and its

Director since 1997. He was Vice Chairman and President of Tricon Global Restaurants, Inc. (as Yum! Brands was formerly named) from June 1997 until January 2000. Yum! Brands is a worldwide restaurant company in terms of system restaurants with more than 36,000 restaurants in more than 110 countries and territories. From December 1999 to January 2001, Mr. Novak served as Vice Chairman of Yum! Brands, Chief Executive Officer and President. From October 1997 to December 1999, Mr. Novak served as Vice Chairman and President of Yum! Brands. He is a Director of Yum! Brands Foundation. Mr.

Novak has been a Director of JPMorgan Chase & Co. since 2004, and was a Director of Bank One Corporation from 2001 to July 2004, upon its Merger with JPMorgan Chase. Mr. Novak is a Director of the

Friends of the United Nations World Food Program and The Business Council. Mr. Novak resigned as the President of Yum! Brands, Inc. on May 1, 2012. Mr. Novak will continue to serve as Chairman and

Chief Executive Officer of Yum! Brands, Inc.

Previously, Mr. Novak had been Group President and Chief Executive Officer of KFC and Pizza Hut, North America, subsidiaries of PepsiCo, from August 1996 until June 1997; and, President of KFC North America, a subsidiary of PepsiCo, from 1994 until 1996.

Mr. Novak graduated from the University of Missouri in 1974, earning a B.A. degree.

Title : Chairman Tenure : 16 Age : 60 Total Compensation : $14,168,355%Change : -0.31 Education : -

Jing-Shyh Sam Su Jing-Shyh Sam Su, became Vice Chairman of Yum! Brands, Inc. on March 14, 2008. Mr. Su is also President of YUM!'s China Division, a position he has held since 1997. Prior to this position, Mr. Su was the Vice President of North Asia for both KFC and Pizza Hut.

Title : Vice-Chairman Tenure : 24 Age : 60 Total Compensation : $16,561,455%Change : 0.32 Education : -

Richard T. Carucci Richard T. Carucci, was appointed as the Presiden of Yum! Brands, Inc. on May 1, 2012. Mr. Carucci, 54, previously served as Yum! Brands, Inc.'s Chief Financial Officer since 2005.

From October 2004 to February 2005, Mr. Carucci served as Senior Vice President, Finance and Chief Financial Officer ? Designate of YUM. From May 2003 to October 2004, Mr. Carucci served as Executive Vice

President and Chief Development Officer of YUM Restaurants International. From November 2002 to May 2003, Mr. Carucci served as Senior Vice President for YRI and also assisted Pizza Hut in asset strategy development. From November 1999 to July 2002, he was Chief Financial Officer of YRI. Mr. Carucci was elected to the Board of Directors of VF Corp. on July 21, 2009.

Title : President Tenure : 14 Age : 56 Total Compensation : $5,460,190%Change : -0.45 Education : -

Christian L. Campbell Christian L. Campbell, is Senior Vice President, General Counsel, Secretary and Chief Franchise Policy Officer of Yum! Brands, Inc. Mr. Campbell has served as Senior Vice President, General Counsel and Secretary since September 1997. In January 2003, Mr. Campbell's title and job responsibilities were expanded to include Chief Franchise Policy Officer.

Title : Senior Vice President Tenure : 16 Age : 62 Total Compensation : $1,273,627%Change : 0.16 Education : -

Jonathan D. Blum Jonathan D. Blum, serves as a Director of Kindred Healthcare, Inc. Mr. Blum has served as a Director of Kindred Healthcare, Inc. since December 2008. Mr. Blum has served as the Senior Vice President and Chief Public Affairs Officer for Yum! Brands, Inc. (NYSE: YUM), the world's largest restaurant company in terms of system restaurants and ranked number 214 in the Fortune 500, since 1997. Mr. Blum has also served as Chief Global Nutrition Officer for Yum! Brands, Inc. since March 2012.

Mr. Blum received his undergraduate degree from George Washington University and his J.D. degree from Western New England College, School of Law

Title : Senior Vice President Tenure : 16 Age : 54 Total Compensation : $- %Change : - Education : -

Ted F. Knopf Ted F. Knopf, is Senior Vice President, Finance and Corporate Controller of Yum! Brands, Inc. Mr. Knopf has served in this position since April 2005. From September 2001 to April 2005, Mr. Knopf served as Vice President of Corporate Planning and Strategy of Yum! Brands, Inc.

Title : Senior Vice President Tenure : 12 Age : 61 Total Compensation : $- %Change : - Education : -

Timothy P. Jerzyk Timothy P. Jerzyk, is Senior Vice President, Investor Relations and Treasurer of Yum! Brands, Inc. In addition to his current role of Senior Vice President, Mr. Jerzyk was appointed Treasurer in January 2007. He now oversees treasury and investor relations for Yum! Brands. Prior to assuming his current role, Mr. Jerzyk was Vice President of Business Planning and founded the function when PepsiCo spun-off KFC, Pizza Hut, and Taco Bell as Tricon Global Restaurants, Inc., in 1997. Mr. Jerzyk has held numerous other roles in finance, including corporate planning, field/division Chief

Financial Officer, corporate control, and operations.

Title : Senior Vice President Tenure : 6 Age : - Total Compensation : $- %Change : - Education : -

David Russell David Russell, serves as Senior Vice President and Global Operations Manager of Gogo Inc. ("Gogo"). Mr. Russell joined Gogo Inc. in January 2012. Mr. Russell has more than 20 years of management experience at leading aviation IT services and telecommunications companies.

From July 2009 to January 2011, Mr. Russell was Vice President of Strategic Programmes for the SITA Group, a leading provider of IT solutions and communications services to the air transport industry. From January 2007 to June 2009, Mr. Russell served as Chief Operating Officer of OnAir, an in-flight passenger communications provider.

Mr. Russell is a Chartered Engineer, having attained a B.Sc. at University of Strathclyde, and earned his M.B.A. at Imperial College, University of London.

Title : Vice President Tenure : 2 Age : 48 Total Compensation : $- %Change : - Education : -

Patrick J. Grismer Patrick J. Grismer, was appointed as the Chief Financial Officer of Yum! Brands, Inc. on May 2, 2012. Mr. Grismer, previously served as Chief Planning and Control Officer and Senior Vice President of Yum! Brands, Inc. ,s since 2011. Prior to that, Mr. Grismer's positions with Yum! Brands, Inc.'s and its subsidiaries included Chief Financial Officer of Yum! Restaurants International (2008-2011),

Vice President of Corporate Strategy and Investor Relations for the Company (2007-2008) and Chief Financial Officer for Pizza Hut (UK) (2005-2007).

Title : Chief Financial Officer Tenure : 1 Age : 51 Total Compensation : $2,118,973%Change : - Education : -

Anne P. Byerlein Anne P. Byerlein, is Chief People Officer of Yum! Brands, Inc. Ms. Byerlein has served in this position since December 2002. From October 1997 to December 2002, Mr. Byerlein was Vice President of Human Resources of Yum! Brands, Inc. From October 2000 to December 2002, Ms. Byerlein also served as KFC's Chief People Officer.

Title : Chief People Officer Tenure : 16 Age : 54 Total Compensation : $- %Change : - Education : -

John P. Daly John P. Daly, has served as a Director of NTS Realty Capital, Inc., since December 2004 and is a Director of NTS Realty Holdings. Since December 1997, Mr. Daly is also Vice President, Associate General Counsel and Assistant Secretary of YUM! Brands, Inc., the parent of KFC, Taco Bell, Pizza Hut, Long John Silver's and A&W Restaurants, Inc.

From 1990 to 1997, Mr. Daly served as First Vice President, Counsel and Assistant Secretary for First Chicago NBD Corporation, the parent of First National Bank of Chicago.

Title : Vice President Tenure : 16 Age : 54 Total Compensation : $- %Change : - Education : -

Scott O. Bergren Scott O. Bergren, is the President and Chief Concept Officer of Yum! Brands, Inc. Pizza Hut-U.S. division. Mr. Bergren has served in this position since November 2006. Prior to this position, Mr. Bergren served as Chief Marketing officer of KFC and Yum! Brands, Inc., from January 2003 to November 2006. From September 2002 until July 2003, Mr. Bergren was the Executive Vice President, Marketing and Chief Concept Officer for Yum Restaurants International, Inc. From April 2002 until September 2002, Mr. Bergren was Senior Vice President New Concepts for Yum Restaurants International,

Inc. From June 1995 until 2002, Mr. Bergren was Chief Executive Officer of Chevy's Mexican Restaurants, Inc.

Title : Division Officer Tenure : 11 Age : 66 Total Compensation : $3,280,352%Change : 0.1 Education : -

Greg Creed Greg Creed, is the President and Chief Concept Officer of Yum! Brands, Inc. Taco Bell-U.S. division. Mr. Creed has served in this position since December 2006. Mr. Creed was elected to the Board of

Directors of International Game Technology effective September 29, 2010.

Prior to this position, Mr. Creed served as Chief Operating Officer of Yum! Brands, Inc., from December 2005 to November 2006. Mr. Creed served as Chief Marketing Officer of Taco Bell-U.S. from July 2001 to October 2005.

Title : Division Officer Tenure : 12 Age : 55 Total Compensation : $3,360,111%Change : -0.23 Education : -

Roger Eaton Roger Eaton, has served as a Director of Molson Coors Brewing Company (Molson Coors) since May 2012. Mr. Eaton assumed the role of Chief Operations Officer of Yum! Brands, Inc. in February 2012. Mr.

Eaton also oversees the Asia FBU (Franchise Business Unit) and the KFC and Pizza Hut SOPAC (South Pacific) business for the Company?s international division, Yum! Restaurants International (YRI). Mr.

Eaton is a member of the Australian Institute of Chartered Accountants.

From June 2008 to February 2012, Mr. Eaton was Chief Executive Officer and President of KFC USA. Mr. Eaton also held several international positions at the company, including Senior Vice President, Regional Operations Director, General Manager and Finance Director in the South Pacific, Australia and New Zealand.

From 1996 to 2000 and prior to his time at Yum! Brands, Inc., Mr. Eaton was employed by Hoyts Corporation ? one of the world?s leading entertainment companies ? where he served as Chief Operating

Officer of Hoyts Cinemas Australia Limited and President of Hoyts USA Limited. Mr. Eaton also worked as General Manager of Finance for Hoyts Pty Ltd, the private holding company of Hoyts Entertainment Ltd and Hoyts Media Ltd. Mr. Eaton was identified by a third party search firm.

Mr. Eaton holds a Bachelor?s degree in Commerce and a post graduate diploma in Accounting from the

University of Natal - Durban in South Africa. Mr. Eaton passed the South African Public Accountants and Auditors Board exams in 1982.

Title : Division Officer Tenure : 13 Age : 52 Total Compensation : $- %Change : - Education : -

Graham D. Allan Graham D. Allan, is the Chief Executive Officer of YUM Restaurants International ("YRI"). Mr. Allan has served in this position since May 2010. Prior to this position, Mr. Allan served as President of YRI from November 2003 to May 2010. Immediately prior to this position he served as Executive Vice President of YRI. On November 18, 2011, Mr. Allan, Chief Executive Officer of Yum Restaurants

International, a subsidiary of Yum! Brands, Inc., informed Yum! Brands, Inc. that he will retire from its and YRI during the first quarter of 2012.

Title : Tenure : 17 Age : 57 Total Compensation : $6,692,361%Change : 0.2 Education : -

Muktesh Pant Muktesh Pant, President of Yum Restaurants International ("YRI"), a subsidiary of Yum! Brands, Inc. (the "Company"), will become Chief Executive Officer of YRI on December 5, 2011.

Title : Subsidiary Officer Tenure : 2 Age : - Total Compensation : $4,685,757%Change : 0.28 Education : -

Gregory N. Moore - Inactive (Resigned) Gregory N. Moore, was joined Environmental Infrastructure Holdings Corp's Board of Directors on December 7, 2009. Mr. Moore resigned from the Board of Directors of Environmental Infrastructure

Holdings Corp. on September 7, 2010. Mr. Moore was Senior Vice President and Controller of Yum! Brands, Inc. from September 2003 to April 2005. Prior to that, he was Vice President, Audit and General Auditor of YUM from October 1997 to September 2003. He was Vice President and Controller at Taco Bell from May 1989 to October 1997 and Assistant Corporate Controller at Taco Bell from February 1986 to May 1989. He held management positions in PepsiCola International from May 1983 to February 1986.

Title : Senior Vice President Tenure : 30 Age : 63 Total Compensation : $- %Change : - Education : -

Peter R. Hearl - Inactive (Resigned) Peter R. Hearl, was Chief Operating and Development Officer of Yum! Brands, Inc. He has served in this position since December 2006. From December 2002 to November 2006, he served as President and

Chief Concept Officer of Pizza Hut. From January 2002 to November 2002, he was Chief People Officer and Executive Vice President of YUM.

Title : Chief Operating Officer Tenure : 11 Age : 61 Total Compensation : $3,954,294%Change : 0.21 Education : -

David J. Deno - Inactive (Resigned) David J. Deno, was a Director of Peet?s Coffee and Tea, Inc. Mr. Deno has served as Brands, Inc.' Executive Vice President and Chief Financial Officer since May 2012.

Prior to May 2012, Mr. Deno served as Chief Financial Officer of the international division of Best Buy Co. since December 2009. Prior to joining Best Buy Co., Mr. Deno was a consultant with Obelysk Capital from February 2009 to December 2009. Prior to joining Obelysk Capital, Mr. Deno was a Managing Director of CCMP Capital Advisors, LLC ("CCMP"), a private equity firm from August 2006 to February 2009. While with CCMP, Mr. Deno was the President and then CEO of Quiznos, LLC, an operator of quick service restaurants. Prior to this, he had a 15 year career with YUM! Brands where he served as Chief Financial Officer and later as Chief Operating Officer.

Title : Chief Operating Officer Tenure : 22 Age : 56 Total Compensation : $1,438,319%Change : 0.13 Education : -

Emil J. Brolick - Inactive (Retired) Emil J. Brolick, has served as President, Chief Executive Officer and a Director of The Wendy?s Company ("Wendy's") since September 12, 2011.

Prior to his election as President and Chief Executive Officer of Wendy?s, Mr. Brolick served from June 2008 to September 2, 2011 as Chief Operating Officer of Yum! Brands, Inc. ("YUM") and President of two of YUM?s U.S. operating segments,

Long John Silver?s and A&W All American Food Restaurants. Prior to that, Mr. Brolick served as President of U.S. Brand Building for YUM, a position he held from December 2006 to June 2008. He had joined YUM in 2000. Prior to that, Mr. Brolick served as President and Chief Concept Officer of Taco Bell, a position he held from July 2000 to November 2006. Prior to joining Taco Bell in July 2000, Brolick worked at Wendy?s International, Inc. ("Wendy?s") for 12 years (prior to the Company?s acquisition of Wendy?s), lastly serving as Senior Vice President of New Product Marketing, Research and Strategic Planning from August 1995 to July 2000.

Title : Tenure : 13 Age : 65 Total Compensation : $2,751,929%Change : 0.58 Education : -

Charles E. Rawley - Inactive (Not Reported) Charles E. Rawley, III, was Chief Development Officer of Yum! Brands, Inc. from January 2001 to 2006. Prior to that, he served as President and Chief Operating Officer of KFC. Mr. Rawley assumed his position of Chief Operating Officer in 1995 and President in 1998. Mr. Rawley joined KFC in 1985 as a Director of Operations. He served as Vice President of Operations for the Southwest, West, Northeast, and Mid-Atlantic Divisions from 1988 to 1994, when he became Senior Vice President, Concept Development for KFC.

Title : Chief Development Officer Tenure : 25 Age : 62 Total Compensation : $- %Change : - Education : -

Gregg R. Dedrick - Inactive (Not Reported) Gregg R. Dedrick, was appointed as a Director of Denny's Corporation on July 15, 2010. Mr. Dedrick was a co- founder of Whole Strategies, an organizational consulting firm, in 2009. Prior to that, he was President and Chief Concept Officer at KFC for five years where he led the development of the company's grilled chicken product. Mr. Dedrick previously served as Executive Vice President, People and Shared Services at Yum Brands; Chief People Officer at Yum Brands; and Senior Vice President Human Resources for Pizza Hut and KFC. Title : Subsidiary Officer Tenure : 16 Age : 54 Total Compensation : $1,540,332%Change : 0.64 Education : -

Peter A. Bassi - Inactive (Not Reported) Peter A. Bassi, has been a Director of BJ's Restaurants, Inc. since September 2004. He served as a Director of Blockbuster, Inc. from March 2005 to 2007 and a Director of Pep Boys-Manny, Moe & Jack from 2002 to 2009. Mr. Bassi retired in 2005 as Chairman of Yum! Restaurants International (also known as YRI). YRI is the International Division of Yum! Brands Restaurants, Inc. (Yum!), which is the exclusive franchisor of Taco Bell, Pizza Hut, KFC, Long John Silver's and A&W Restaurants. Mr. Bassi led YRI since June 1997. Prior to this assignment, he was in charge of YRI's Asian business. Yum! was created in 1997 in a spin-off from PepsiCo, Inc. Mr. Bassi joined PepsiCo in 1972 in the Pepsi-Cola Company. During his over 30 year career, he has worked in Pepsi-Cola International, Pizza Hut

(U.S. and International), Frito-Lay, and Taco Bell.

Title : Subsidiary Officer Tenure : 16 Age : 63 Total Compensation : $1,557,773%Change : 0.12 Education : -

Directors David C. Novak David C. Novak, announced that Director of JPMorgan Chase & Co. will not seek re-election when their terms expire May 14. Mr. Novak has been Chairman of Yum! Brands, Inc. since January 2001 and its Director since 1997. He was Vice Chairman and President of Tricon Global Restaurants, Inc. (as Yum! Brands was formerly named) from June 1997 until January 2000. Yum! Brands is a worldwide restaurant company in terms of system restaurants with more than 36,000 restaurants in more than 110 countries and territories. From December 1999 to January 2001, Mr. Novak served as Vice Chairman of Yum! Brands, Chief Executive Officer and President. From October 1997 to December 1999, Mr. Novak served as Vice Chairman and President of Yum! Brands. He is a Director of Yum! Brands Foundation. Mr.

Novak has been a Director of JPMorgan Chase & Co. since 2004, and was a Director of Bank One Corporation from 2001 to July 2004, upon its Merger with JPMorgan Chase. Mr. Novak is a Director of the

Friends of the United Nations World Food Program and The Business Council. Mr. Novak resigned as the President of Yum! Brands, Inc. on May 1, 2012. Mr. Novak will continue to serve as Chairman and

Chief Executive Officer of Yum! Brands, Inc.

Previously, Mr. Novak had been Group President and Chief Executive Officer of KFC and Pizza Hut, North America, subsidiaries of PepsiCo, from August 1996 until June 1997; and, President of KFC North America, a subsidiary of PepsiCo, from 1994 until 1996.

Mr. Novak graduated from the University of Missouri in 1974, earning a B.A. degree. Title : Chairman Tenure : 16 Age : 60 Total Compensation : $14,168,355%Change : -0.31 Education : -

Jing-Shyh Sam Su Jing-Shyh Sam Su, became Vice Chairman of Yum! Brands, Inc. on March 14, 2008. Mr. Su is also President of YUM!'s China Division, a position he has held since 1997. Prior to this position, Mr. Su was the Vice President of North Asia for both KFC and Pizza Hut.

Title : Vice-Chairman Tenure : 24 Age : 60 Total Compensation : $16,561,455%Change : 0.32 Education : -

Mirian M. Graddick-Weir Dr. Mirian M. Graddick, was appointed as a Director of Yum! Brands, Inc., effective as of January 26, 2012. Dr. Graddick-Weir serves as Senior Vice President of Human Resources for Merck in

Whitehouse, New Jersey. She belongs to the following boards: Jersey Battered Women's Services, Inc.; National Academy of Human Resources; Human Resources Policy Association; National Medical

Fellowships; Personnel Roundtable; Kent Place School.

Dr. Graddick-Weir served as a Director of Harleysville Group, Inc. from 2000-2012. Prior to that, Dr. Graddick-Weir was Executive Vice President for Human Resources at AT&T Corp. in Bedminster, New Jersey, a position she assumed in March 1999. Dr. Graddick-Weir was also the Vice President at AT&T for various human resource responsibilities since 1994. Prior to that, Ms. Graddick-Weir held various executive positions with AT&T, where she commenced working in 1981.

Dr. Graddick-Weir's education includes a Ph.D.,

Industrial/Organizational Psychology, Penn State, 1981; M.S., Industrial/Organizational Psychology, Penn State, 1978; and a B.A., Psychology, Hampton University, 1976.

Title : Director Tenure : 1 Age : 58 Total Compensation : $387,881 %Change : - Education : -

Michael J. Cavanagh Michael J. Cavanagh, has served as JPMorgan Chase & Co.'s Co-Chief Executive Officer of the Corporate & Investment Bank since July 2012; and Chief Executive Officer of Treasury & Securities Services

(TSS) from June 22, 2010 to July 2012. Priorto, he had been Chief Financial Officer of JPMorgan Chase & Co. since September 2004, prior to which he had been Head of Middle Market Banking. Prior to the Merger, he had been Chief Administrative Officer of Commercial Banking and Chief Operating Officer of Middle Market Banking from 2003, and Treasurer from 2001 until 2003 at Bank One Corporation.

On November 16, 2012, Mr. Cavanagh was appointed a Director of YUM! Brands, Inc.

Title : Director Tenure : 1 Age : 46 Total Compensation : $213,123 %Change : - Education : -

David W. Dorman David W. Dorman, was named non- executive Chairman of the Board of CVS Caremark on May 2011. He is the former Non-Executive Chairman of Motorola Solutions Inc. (formerly Motorola, Inc.), a position he held from May 2008 to May 2011; and continues to serve as a Director of the company. Mr. Dorman serves on the Boards of YUM! Brands, Inc., CVS Caremark Corporation and Georgia Tech Foundation.

From October 2006 to May 2008, Mr. Dorman was Senior Advisor and Managing Director to Warburg Pincus LLC, a private equity firm. Mr. Dorman has also been a consultant to AT&T, Inc. ("New AT&T"), a company that provides Internet and transaction-based voice and data services, since February 2006. Mr. Dorman was President of New AT&T from November 2005 until January 2006. Mr. Dorman was

Chairman of the Board and Chief Executive Officer of AT&T Corp. ("Old AT&T") from November 2002 until November 2005. Prior to this, Mr. Dorman was President of Old AT&T from 2000 to 2002, and the Chief Executive Officer of Concert, a former global venture created by Old AT&T and British Telecommunications plc, from 1999 to 2000. Mr. Dorman was Chairman, President and Chief Executive Officer of PointCast Incorporated from 1997 to 1999.

Mr. Dorman received a B.S. degree in Industrial Management with high honors from the Georgia Institute of Technology.

Title : Tenure : 8 Age : 59 Total Compensation : $206,696 %Change : 0 Education : -

Massimo Ferragamo Massimo Ferragamo, is Chairman of Ferragamo USA, Inc., a subsidiary of Salvatore Ferragamo Italia, which controls sales and distribution of Ferragamo products in North America. Mr. Ferragamo has held this position since 1985. Mr. Ferragamo has been a Director of YUM! Brands, Inc. since 1997.

Title : Tenure : 16 Age : 55 Total Compensation : $206,696 %Change : 0 Education : -

J. David Grissom J. David Grissom, is Chairman of Mayfair Capital, Inc., a private investment firm formed by Mr. Grissom in 1989. In addition, Mr. Grissom has been Chairman of The Glenview Trust Company, a private trust and investment management company, since 2001. Mr. Grissom is a Director of Yum! Brands, Inc. (since 2003) and United Metro Media, Inc. Mr. Grissom served as a Director of Churchill Downs

Incorporated (1979-2010) and Providian Financial Corporation (1997- 2005).

Title : Tenure : 10 Age : 74 Total Compensation : $216,696 %Change : -0.04 Education : -

Bonnie Guiton Hill Dr. Bonnie Guiton Hill, Ed.D., has served as a Director of Home Depot Inc since 1999, and as its Lead Director since April 2008. Dr. Bonnie Guiton Hill, Ed.D., has served as a Director of Home Depot

Inc. since 1999, and as its Lead Director since April 2008. Dr. Hill also serves as a Director of the following companies: AK Steel Holding Corporation (1994 to present); California Water Service Group (2003 to present); YUM! Brands, Inc. (2003 to present). She serves as President of B. Hill Enterprises, LLC, a consulting firm that she founded in July 2001, to advise companies and their directors on these matters. Dr. Hill is also a Co-Founder of Icon Blue, Inc., a brand marketing company, where she has served as Chief Operating Officer since 1998. Ms. Hill has public sector experience, including serving as a Director of NASD Regulations, Inc., a Member of the Investor Advisory Committee of the Public Company Accounting Oversight Board, a Member of the Investor Education

Foundation of the Financial Industry Regulatory Authority, Inc., Chair of the Consumer Affairs Advisory Committee of the SEC and a Trustee of the RAND Corporation.

Dr. Hill previously served as a Director of The Hershey Company (f/k/a Hershey Foods Corporation) (1993 - 2007), Albertson's, Inc. (2002 - 2006). Previously, she was President and Chief Executive Officer of The Times Mirror Foundation, a charitable foundation affiliated with Tribune Company, from 1997 to 2001, and Senior Vice President, Communications and Public Affairs of the Los Angeles Times, a daily newspaper and subsidiary of Tribune Company, from 1998 to 2001. Dr. Hill has also served as a Vice President with Kaiser Aluminum and Chemical Corporation. From 1992 to 1996, Dr. Hill served as Dean of the

McIntire School of Commerce at the University of Virginia.

Dr. Hill holds a Bachelor of Science Degree from Mills College; a Master's Degree from California State University; and, a Ed.D. from University of California, Berkeley.

Title : Tenure : 10 Age : 71 Total Compensation : $215,096 %Change : 0.03 Education : -

Robert Holland Robert Holland, Jr., is a Managing Director of Essex Lake Group LLC, a profit enhancement advisory firm, a General Partner of The West Africa Fund and also maintains a consulting practice for strategic development assistance to senior management of Fortune 500 companies. He has been a Managing Director and Advisory Board Member of Essex Lake Group, P.C., a strategy and management consulting firm specializing in enhanced granular modeling and analytics, since 2009. Mr. Holland has been a Director of Lexmark International, Inc. since December 1998. He has also served as a Director of the following companies during the past five years: Carver Federal Bank, Carver Bancorp, Inc. since 1999 (Lead Director since 2000), Neptune Orient Lines, Ltd. since 2004, and YUM! Brands, Inc. since 1997.

Prior to October 2007, Mr. Holland was a General Partner and Industry Specialist with Cordova, Smart and Williams, a private equity firm. Previously, Mr. Holland served as

Chief Executive Officer of WorkPlace Integrators, a company he acquired in June 1997 and sold in April 2001. Prior to that, Mr. Holland was President and Chief Executive Officer of Ben & Jerry's Homemade, Inc. from February 1995 to December 1996, Chairman and Chief Executive Officer of Rokher-J Inc. from 1991 to 1995, and from 1981 to 1984, Chairman of Gilreath Manufacturing, Inc. from 1987 to 1991, and Chairman and Chief Executive Officer of City Marketing from 1984 to 1987. Mr. Holland is a former Partner with McKinsey & Company, Inc. and held various positions at Mobil Oil Corporation from 1962 to 1968.

Mr. Holland has a Bachelor's degree in Mechanical Engineering from Union College and a Master of Business Administration degree from the Zicklin School of Business at Baruch College (CUNY).

Title : Tenure : 16 Age : 73 Total Compensation : $20,000 %Change : -0.9 Education : -

Kenneth G. Langone Kenneth G. Langone, has been the President and Chief Executive Officer of Invemed Associates, LLC, an investment banking firm, New York, New York, since 1974. He is also the Chairman of Invemed

Associates, LLC. Mr. Langone has served as a Director of Geeknet Inc. since July 8, 2010. He most recently served as Chairman of Geeknet until July 31, 2013, and was its Interim President and Chief Executive Officer until March 1, 2013. Mr. Langone is also a Director of Unifi, Inc., Patlex Holdings Inc., YUM! Brands, Inc., St. Jude Medical Inc., Geisinger Foundation, Center For Strategic and

International Studies, GEFS (Suisse) AG, Micell Technologies, NYC2012, Inc., and Robin Hood Foundation. Mr. Langone has served as a Member of the Strategic Advisory Board at Markstone Capital Group

LLC. He is the Chairman of the Board of Trustees of New York University Medical School and Vice Chairman of the Board of Overseers of New York University Stern School of Business. Mr. Langone is a

Trustee and Member of the Executive Committee of New York University. In addition to his business affiliations, Mr. Langone has a long history of participating in philanthropic endeavors and presently serves on several philanthropic Boards. Mr. Langone is a co-founder of the Home Depot, Inc. and served as a Director from 1978 to 2008.

Mr. Langone also served as a Director of ChoicePoint, Inc. from 2002 to 2008 and of General Electric Co. from 1999 to 2005; and was a Director at InterWorld Corp. Baby Superstore, Inc., GMIS Incorporated, DBT Online, Inc., Kalypsys, Inc., and New York Stock Exchange, Inc.

Mr. Langone received an M.B.A. degree from the New York University's Stern School of Business and a B.A. degree from the Bucknell University.

Title : Tenure : 16 Age : 78 Total Compensation : $10,000 %Change : -0.95 Education : -

Jonathan S. Linen Jonathan S. Linen, is Chairman of the board of the International Golf Association, a Trustee of the U.S. Council for International Business and a member of the Council on Foreign Relations. Mr. Linen presides on the Policy Committee of the Travel Business Roundtable and is Vice Chairman of the Executive Committee of the World Travel & Tourism Council. He serves as a member of the Boards at Bausch

& Lomb, Yum! Brands, Inc., World Monuments Fund, the U.S. Travel & Tourism Promotion Advisory Board, and an Executive Committee member of NYC & Company. He was appointed as Non-Executive Director of InterContinental Hotels Group on December 1, 2005. Mr. Linen has been an advisor to the Chairman of American Express Company, a diversified worldwide travel and financial services company, since January 2006. Prior to his retirement Mr. Linen was Vice Chairman of American Express Company, a position he assumed in August 1993, subsequently acting as advisor to the Chairman of American Express

Company. He joined American Express Company in 1969 as Assistant to the Chairman. He came to American Express from the United States Army, where he served in Vietnam. From August 1993 until December 2005, he served as Vice Chairman of American Express Company. From 1992 to 1993, Mr. Linen served as President and Chief Operating Officer of American Express Travel Related Services Company, Inc.

From 1989 to 1992, Mr. Linen served as President and Chief Executive Officer of Shearson Lehman Brothers. Mr. Linen is also a former Chairman and now Honorary Member of the Board of Trustees of the National Urban League. He is a graduate of both The Gunnery School (1962) and Williams College (1966). Mr. Linen also graduated from the Management Development Program at Harvard Business School.

Title : Tenure : 8 Age : 69 Total Compensation : $216,696 %Change : 0.05 Education : -

Thomas C. Nelson Thomas C. Nelson, has served as the President and Chief Executive Officer of National Gypsum Company, a building products manufacturer, since 1999, and was elected Chairman of the Board in January 2005. From 1995 to 1999, Mr. Nelson served as the Vice Chairman and Chief Financial Officer of National Gypsum Company. Mr. Nelson is also a General Partner of Wakefield Group, a North Carolina based venture capital firm. Mr. Nelson serves as a Director of YUM! Brands, Inc., Belk, Inc. and Carolinas Healthcare Systems. Mr. Nelson previously worked for Morgan Stanley & Co., and in the United

States Defense Department as Assistant to the Secretary and was a White House Fellow.

Title : Tenure : 7 Age : 50 Total Compensation : $226,696 %Change : 0.1 Education : -

Thomas M. Ryan Thomas M. Ryan, has served as a Director of Five Below, Inc., since 2011. In 2011, Mr. Ryan became an operating partner of Advent International as a part of its Operating Partner Program. In 2007,

Mr. Ryan again became the Chairman of CVS Caremark Corporation?s Board of Directors. Mr. Ryan serves as a Director of Yum! Brands, Inc. and Vantiv, Inc.

Prior to joining Five Below, Inc's Board of Directors, Mr. Ryan served as the Chairman of the Board of Directors, President and Chief Executive Officer of CVS Caremark Corporation, a retail pharmacy and healthcare corporation, until he retired in 2011. Mr. Ryan became the Chief Executive Officer of CVS Corporation in 1998 and he also served as the Chairman of the Board of Directors of CVS Corporation from 1999 to 2007 and previously served as a Director of Bank of America Corporation.

Title : Tenure : 11 Age : 60 Total Compensation : $231,696 %Change : 0.12 Education : -

Robert D. Walter Robert D. Walter, has served as a Director of American Express Company since 2002. Mr. Walter also serves as a Director of YUM! Brands, Inc. (2008), Battelle Memorial Institute and is a member of The Business Council. Mr. Walter is the founder of Cardinal Health, Inc., a company that provides products and services supporting the health care industry. Mr. Walter retired from Cardinal Health in June 2008. Mr. Walter is a private investor since 2008.

Prior to his retirement from Cardinal Health, Mr. Walter served as Executive Director from November 2007 to June 2008. From April 2006 to November 2007, Mr. Walter served as Executive Chairman of the Board of Cardinal Health. From 1979 to April 2006, Mr. Walter served as Chairman and Chief Executive Officer of Cardinal Health. From

2006 to 2007, Mr. Walter was a Director of CBS Corporation.

Title : Tenure : 5 Age : 67 Total Compensation : $231,696 %Change : 0.02 Education : -

Jackie Trujillo - Inactive (Not Standing For Re-election) Jackie Trujillo, has been Chairman Emeritus of the Board of Directors of Harman Management Corporation ("Harman"), one of KFC's largest franchisees, since July 2004. From 1995 to 2004, Ms. Trujillo was Chairman of the Board of Harman. Ms. Trujillo was a Director of YUM! Brands, Inc. from 1997- 2010.

Title : Tenure : 16 Age : 77 Total Compensation : $174,749 %Change : -0.01 Education : -

Robert J. Ulrich - Inactive (Retired) Robert J. Ulrich, has been a Director of 3M Company since 2008.

Mr. Ulrich is the retired Chairman of the Board and Chief Executive Officer of Target Corporation, an operator of large-format general merchandise and food discount stores. Mr. Ulrich began his retailing career as a merchandising trainee in Target's department store division in 1967 and advanced through various management positions. Mr. Ulrich became Chairman and Chief Executive Officer of Target Stores in 1987 and was elected Chairman and Chief Executive Officer of Target Corporation in 1994. Mr. Ulrich retired as Target's Chief Executive Officer on May 1, 2008 and retired as Chairman of the Board on January 31, 2009. Other directorships in the past five years: YUM! Brands, Inc.

Education: Bachelor of arts degree from the University of Minnesota.

Title : Tenure : 16 Age : 69 Total Compensation : $181,541 %Change : - Education : -

Andrall E. Pearson - Inactive (Not Reported) Andrall E. Pearson, became Founding Chairman of Yum effective January 1, 2001. From August 15, 1997 to December 31, 2000, he served as Chairman of the Board of Yum, and previously served as Chief

Executive Officer from October 21, 1997 to January 1, 2000. Mr. Pearson served as an operating Partner of Clayton, Dubilier & Rice, a leveraged buy-out firm, from 1993 to 1997. He was President and Chief Operating Officer of PepsiCo, Inc. from 1971 through 1984 and served on PepsiCo's Board of Directors for 26 years, retiring in April 1996. Mr. Pearson was also a Director of Citigroup Inc. until April 19, 2005.

Title : Tenure : 16 Age : 87 Total Compensation : $- %Change : - Education : -

Commitees Audit Committee J. Grissom Jonathan Linen Kenneth Langone Mirian Graddick-Weir Robert Holland Thomas Nelson

Corporate Governance & Nominating Committee Bonnie Hill David Dorman Massimo Ferragamo Robert Walter Thomas Ryan

Executive Finance Committee David Novak J. Grissom Kenneth Langone

Planning & Business Development Committee Bonnie Hill David Dorman Massimo Ferragamo Robert Walter Thomas Ryan

Executive Compensation

Officers

David C. Novak

Compensation History

Year Values in USD2012 2011 2010 Salary 1,450,000 1,474,038 1,400,000 Bonus N/A N/A N/A Other Annual Compensation/Fees N/A N/A N/A Stock Awards 773,022 773,024 740,005 Option Awards 5,625,960 5,807,028 5,029,877 Underlying Options/SARs (# of Securities) N/A N/A N/A Non-Equity Incentive Plan Compensation 4,584,320 4,541,400 5,066,880 Change in Pension Value & Non-Qualified Deferred1,345,665 Comp. Earni7,507,185 2,038,361 Incentive Plan Payments N/A N/A N/A All Other Compensation 389,388 309,177 338,783 Total Compensation 14,168,35520,411,85214,613,906

Jing-Shyh Sam Su

Compensation History

Year Values in USD2012 2011 2010 Salary 1,088,462 1,007,692 815,000 Stock Awards 385,029 324,986 7,106,211 Option Awards 2,467,739 1,668,280 1,387,559 Underlying Options/SARs (# of Securities) N/A N/A N/A Non-Equity Incentive Plan Compensation 2,039,813 3,105,000 2,628,986 Change in Pension Value & Non-Qualified Deferred5,537,865 Comp. Earni4,556,233 1,470,360 All Other Compensation 5,042,547 1,842,530 909,904 Total Compensation 16,561,45512,504,72114,318,020

Richard T. Carucci

Compensation History

Year Values in USD2012 2011 2010 Salary 877,692 810,769 715,000 Stock Awards 265,042 235,013 225,023 Option Awards 1,727,413 2,621,573 1,387,559 Underlying Options/SARs (# of Securities) N/A N/A N/A Non-Equity Incentive Plan Compensation 1,846,785 1,566,000 1,589,445 Change in Pension Value & Non-Qualified Deferred687,438 Comp. Earni4,764,483 361,071 Incentive Plan Payments N/A N/A N/A All Other Compensation 55,820 18,798 58,213 Total Compensation 5,460,190 10,016,6364,336,311

Christian L. Campbell

Compensation History

Year Values in USD2005 2004 2003 Salary 509,231 493,846 478,846 Bonus 582,188 555,390 510,840 Option Awards 43,360 51,270 72,151 All Other Compensation 138,848 N/A 27,464 Total Compensation 1,273,627 1,100,506 1,089,301

Jonathan D. Blum

Ted F. Knopf Timothy P. Jerzyk

David Russell

Patrick J. Grismer

Compensation History

Year Values in USD2012 Salary 500,308 Stock Awards 1,014,347 Option Awards 493,551 Change in Pension Value & Non-Qualified Deferred6,115 Comp. Earni All Other Compensation 104,652 Total Compensation 2,118,973

Anne P. Byerlein

John P. Daly

Scott O. Bergren

Compensation History Year Values in USD2010 2009 2008 Salary 650,000 647,692 610,769 Stock Awards 180,005 179,995 324,632 Option Awards 659,090 1,479,567 1,472,432 Non-Equity Incentive Plan Compensation 1,367,438 291,168 973,896 Change in Pension Value & Non-Qualified Deferred6,006 Comp. EarniN/A 22,863 All Other Compensation 417,813 397,011 381,919 Total Compensation 3,280,352 2,995,433 3,786,511

Greg Creed

Compensation History

Year Values in USD2009 2008 2007 Salary 647,692 612,692 525,000 Stock Awards 194,995 1,209,992 528,080 Option Awards N/A 1,317,940 1,230,086 Underlying Options/SARs (# of Securities) 1,232,976 1,177,948 3,565,191 Non-Equity Incentive Plan Compensation 995,085 N/A N/A Change in Pension Value & Non-Qualified Deferred5,659 Comp. Earni3,203 N/A All Other Compensation 283,704 361,012 267,824 Total Compensation 2,127,135 3,504,839 2,550,990

Roger Eaton

Graham D. Allan

Compensation History

Year Values in USD2011 2010 2009 Salary 898,558 815,000 811,923 Bonus N/A N/A N/A Stock Awards 320,006 310,012 310,011 Option Awards 1,429,951 1,387,559 1,479,567 Underlying Options/SARs (# of Securities) N/A N/A 1,479,567 Non-Equity Incentive Plan Compensation 2,015,145 1,425,557 1,023,477 Change in Pension Value & Non-Qualified Deferred2,006,951 Comp. Earni1,572,049 732,364 Incentive Plan Payments N/A N/A N/A All Other Compensation 21,750 63,331 50,235 Total Compensation 6,692,361 5,573,508 4,407,577

Muktesh Pant

Compensation History

Year Values in USD2012 2011 Salary 750,000 644,231 Stock Awards 250,027 169,986 Option Awards 1,727,413 2,418,782 Non-Equity Incentive Plan Compensation 1,620,000 1,110,038 Change in Pension Value & Non-Qualified Deferred25,225 Comp. Earni14,005 All Other Compensation 313,092 308,786 Total Compensation 4,685,757 4,665,828

Gregory N. Moore

Peter R. Hearl

Compensation History

Year Values in USD2007 2006 2004 Salary 648,077 627,885 498,077 Bonus N/A N/A 590,625 Other Annual Compensation/Fees N/A N/A N/A Option Awards N/A N/A 87,890 Underlying Options/SARs (# of Securities) 1,138,164 1,089,977 N/A Non-Equity Incentive Plan Compensation 1,271,303 376,239 N/A Change in Pension Value & Non-Qualified Deferred447,647 Comp. Earni1,086,370 N/A All Other Compensation 449,103 81,249 145,173 Total Compensation 2,816,130 2,171,743 1,321,765 David J. Deno

Compensation History

Year Values in USD2004 2003 2002 Salary 498,077 458,654 421,154 Bonus 867,000 729,173 780,938 Option Awards 73,242 82,458 99,100 Total Compensation 1,438,319 1,270,285 1,301,192

Emil J. Brolick

Compensation History

Year Values in USD2006 2005 2004 Salary 629,577 535,962 472,308 Bonus N/A 1,128,503 614,531 Other Annual Compensation/Fees N/A N/A 59,721 Stock Awards 152,818 N/A N/A Option Awards 1,178,749 75,879 87,890 Incentive Plan Payments 723,233 N/A N/A All Other Compensation 67,552 N/A 160,160 Total Compensation 2,751,929 1,740,344 1,394,610

Charles E. Rawley

Gregg R. Dedrick

Compensation History

Year Values in USD2005 2004 2003 Salary 438,846 426,634 175,961 Bonus 886,050 312,694 131,250 Other Annual Compensation/Fees 62,425 92,434 N/A Option Awards 48,780 62,988 N/A All Other Compensation 104,231 43,750 N/A Total Compensation 1,540,332 938,500 307,211

Peter A. Bassi

Compensation History

Year Values in USD2004 2003 2002 Salary 535,000 512,692 483,462 Bonus 989,081 739,798 918,014 Other Annual Compensation/Fees N/A 56,681 N/A Option Awards 33,692 82,458 80,270 Total Compensation 1,557,773 1,391,629 1,481,746

Directors

David C. Novak

Compensation History

Year Values in USD2012 2011 2010 Salary 1,450,000 1,474,038 1,400,000 Bonus N/A N/A N/A Other Annual Compensation/Fees N/A N/A N/A Stock Awards 773,022 773,024 740,005 Option Awards 5,625,960 5,807,028 5,029,877 Underlying Options/SARs (# of Securities) N/A N/A N/A Non-Equity Incentive Plan Compensation 4,584,320 4,541,400 5,066,880 Change in Pension Value & Non-Qualified Deferred1,345,665 Comp. Earni7,507,185 2,038,361 Incentive Plan Payments N/A N/A N/A All Other Compensation 389,388 309,177 338,783 Total Compensation 14,168,35520,411,85214,613,906

Jing-Shyh Sam Su

Compensation History Year Values in USD2012 2011 2010 Salary 1,088,462 1,007,692 815,000 Stock Awards 385,029 324,986 7,106,211 Option Awards 2,467,739 1,668,280 1,387,559 Underlying Options/SARs (# of Securities) N/A N/A N/A Non-Equity Incentive Plan Compensation 2,039,813 3,105,000 2,628,986 Change in Pension Value & Non-Qualified Deferred5,537,865 Comp. Earni4,556,233 1,470,360 All Other Compensation 5,042,547 1,842,530 909,904 Total Compensation 16,561,45512,504,72114,318,020

Mirian M. Graddick-Weir

Compensation History

Year Values in USD2012 Stock Awards 322,500 Option Awards 65,381 Total Compensation 387,881

Michael J. Cavanagh

Compensation History

Year Values in USD2012 Stock Awards 180,833 Option Awards 32,290 Total Compensation 213,123

David W. Dorman

Compensation History

Year Values in USD2012 2011 2010 Stock Awards 170,000 170,000 170,000 Option Awards 36,696 36,239 38,708 All Other Compensation N/A N/A 10,000 Total Compensation 206,696 206,239 218,708

Massimo Ferragamo

Compensation History

Year Values in USD2012 2011 2010 Stock Awards 170,000 170,000 170,000 Option Awards 36,696 36,239 38,708 All Other Compensation N/A N/A N/A Total Compensation 206,696 206,239 208,708

J. David Grissom

Compensation History

Year Values in USD2009 2008 2012 Other Annual Compensation/Fees 75,000 75,000 N/A Stock Awards 75,000 75,000 170,000 Option Awards 29,749 30,854 36,696 All Other Compensation N/A 10,000 10,000 Total Compensation 179,749 190,854 216,696

Bonnie Guiton Hill

Compensation History

Year Values in USD2006 2012 2011 Salary 67,500 N/A N/A Other Annual Compensation/Fees N/A 85,000 85,000 Stock Awards 67,500 85,000 85,000 Option Awards 41,541 36,696 36,239 All Other Compensation 10,000 8,400 3,500 Total Compensation 186,541 215,096 209,739 Robert Holland

Compensation History

Year Values in USD2011 2010 2009 Stock Awards 170,000 170,000 135,000 Option Awards 36,239 38,708 29,749 All Other Compensation N/A N/A 10,000 Total Compensation 206,239 208,708 174,749

Kenneth G. Langone

Compensation History

Year Values in USD2007 2011 2010 Other Annual Compensation/Fees 135,000 N/A N/A Stock Awards N/A 170,000 170,000 Option Awards 39,903 36,239 38,708 All Other Compensation 20,000 10,000 N/A Total Compensation 194,903 216,239 208,708

Jonathan S. Linen

Compensation History

Year Values in USD2012 2011 2010 Stock Awards 170,000 170,000 170,000 Option Awards 36,696 36,239 38,708 All Other Compensation 10,000 N/A 10,000 Total Compensation 216,696 206,239 218,708

Thomas C. Nelson Compensation History

Year Values in USD2012 2011 2010 Stock Awards 190,000 170,000 170,000 Option Awards 36,696 36,239 38,708 All Other Compensation N/A N/A 10,000 Total Compensation 226,696 206,239 218,708

Thomas M. Ryan

Compensation History

Year Values in USD2012 2011 2010 Stock Awards 195,000 170,000 180,000 Option Awards 36,696 36,239 38,708 All Other Compensation N/A N/A 5,000 Total Compensation 231,696 206,239 223,708

Robert D. Walter

Compensation History

Year Values in USD2012 2011 2010 Stock Awards 185,000 180,000 180,000 Option Awards 36,696 36,239 38,708 All Other Compensation 10,000 10,000 10,000 Total Compensation 231,696 226,239 228,708

Jackie Trujillo

Compensation History

Year Values in USD2006 2009 2007 Salary 67,500 N/A N/A Other Annual Compensation/Fees N/A 67,500 67,500 Stock Awards 67,500 67,500 67,500 Option Awards 41,541 29,749 39,903 All Other Compensation 10,000 10,000 5,000 Total Compensation 186,541 174,749 179,903

Robert J. Ulrich

Compensation History

Year Values in USD2006 Stock Awards 140,000 Option Awards 41,541 Total Compensation 181,541

Andrall E. Pearson

Insider Holdings Holdings Summary Total Insiders 36 Total Direct Shares 2,496,348 Total Indirect Shares 497,473 % Held By Insiders 0.56% Filer's Name Relation Direct DateDirect SharesIndirect DateIndirect Shares Blum Jonathan David SVP and Chief09/03/2013 Public Affairs22,131 08/06/20030 Grismer Patrick J Chief Financial09/03/2013 Officer 0 09/03/201317,840 Bergren Scott CEO PH and08/12/2013 YUM Innov.36,897 0 Ferragamo Massimo Director 07/12/201353,429 02/18/20040 Creed Greg CEO - Taco07/01/2013 Bell 28,868 0 Russell David Eric Vice President,05/01/2013 Controller3,265 05/01/2013920 Su Jingshyh S Chair & CEO04/01/2013 - China Division,90,868 Director04/01/2013278,361 Byerlein Hollan Anne Chief People04/01/2013 Officer 14,150 04/01/20131,678 Carucci Richard President 04/01/20135,915 04/01/201326,833 Walter Robert D Director 03/25/201388,301 05/15/20080 Grissom J David Director 02/06/201390,498 02/06/201326,000 Pant Muktesh CEO YRI 01/24/201313,143 01/24/2013874 Eaton Roger G. Chief YUM 12/18/2012Operations 18,235Officer 04/04/20080 Nelson Thomas C Director 12/14/20128,288 12/13/20120 Dorman David W Director 12/13/201241,691 01/28/20050 Hill Bonnie Guiton Director 12/10/20121,748 12/10/20120 Novak David C Chair CEO 12/10/2012and Pres, Director282,164 12/10/201230,548 Campbell Christain SVP GC and08/03/2012 CFPO 13,288 08/02/20040 Langone Kenneth G Director 03/06/2012659,562 12/22/20030 Allan Graham D Officer 12/13/2011477,826 0 Brolick Emil COO - Yum09/01/20114 08/02/20040 Holland Robert Jr Director 07/15/201159,060 12/11/20030 Knopf Ted SVP Finance10/08/2010 and Controller4 0 Ryan Thomas M Director 10/01/200915,046 10/11/201227,811 Trujillo Jackie Director 07/01/200930,802 07/01/200928,000 Linen Jonathan S Director 12/17/20084,438 12/17/200810,000 Dedrick Gregg President, CCO04/01/2008 of KFC4,573 04/01/200812 Hearl Peter Chief Op. and12/03/2007 Dev. Officer59,340 01/26/20040 Ulrich Robert J Director 10/17/200610,987 10/17/20060 Rawley Charles E III CDO 10/02/20069,093 10/02/2006666 Pearson Andrall Director 03/06/2006279,098 03/06/200635,000 Deno David COO 11/09/20052,502 11/09/200511,610 Moore Gregory N Sr. VP and 04/01/2005Controller 1,307 04/01/2005902 Bassi Peter A President YRI01/04/200568,015 01/04/2005200 Lewis Aylwin B Pres, CMBO10/01/2004 and Op Off.1,812 07/21/20030 Woodford Brent Vice President10/10/2003 and Controller0 10/10/2003218

Source: J3 Information Services Group Insider Trades 3 Months

Summary (Direct Transactions Only)3 Months 6 Months 12 Months24 Months Total Shares Bought 113,419 532,622 1,621,021 3,433,968 Total Buy Value 3,315,97817,780,63041,466,48584,716,745 Total People Bought 4 9 18 21 Total Buy Transactions 8 20 53 103 Total Shares Sold 97,808 484,300 1,514,696 3,226,126 Total Sell Value 7,149,26533,879,042103,355,728206,041,542 Total People Sold 5 8 15 18 Total Sell Transactions 13 28 61 124 End Date 06/10/201303/10/201309/10/201209/10/2011

Filer's Name Relation TitleOff - Dir - 10%Trans. Date Form Action Price Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 09/03/20130 4 OE 29.29 Grismer Patrick J Chief Financial1 - Officer 1 - 09/03/20130 4 OE 24.02 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 09/03/20130 4 D 70.48 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 09/03/20130 4 AS 70.51 Grismer Patrick J Chief Financial1 - Officer 1 - 09/03/20130 4 AS 70.55 Bergren Scott CEO PH and1 YUM - 1 Innov. - 08/12/20130 4 OE 29.61 Bergren Scott CEO PH and1 YUM - 1 Innov. - 08/12/20130 4 D 75 Bergren Scott CEO PH and1 YUM - 1 Innov. - 08/12/20130 4 AS 75.08 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 08/01/20130 4 OE 29.29 Grismer Patrick J Chief Financial1 - Officer 1 - 08/01/20130 4 OE 24.11 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 08/01/20130 4 D 73.52 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 08/01/20130 4 AS 73.55 Grismer Patrick J Chief Financial1 - Officer 1 - 08/01/20130 4 AS 69.65 Ferragamo Massimo Director 1 - 1 - 07/12/20130 4 S 71.5 Creed Greg CEO - Taco1 Bell - 1 - 07/01/20130 4 OE 69.34 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 07/01/20130 4 OE 29.29 Grismer Patrick J Chief Financial1 - Officer 1 - 07/01/20130 4 OE 22.53 Creed Greg CEO - Taco1 Bell - 1 - 07/01/20130 4 D 69.34 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 07/01/20130 4 D 69.47 Blum Jonathan David SVP and Chief1 - Public 1 - Affairs 07/01/20130 4 AS 69.53 Grismer Patrick J Chief Financial1 - Officer 1 - 07/01/20130 4 AS 69.66

Transaction Code Key : Ownershi p Code Key : A -- UNKNOWNAcquired (addedNO 06/04/2012) D - Direct - AutomaticAB - Unknown Buy (addedNP 02/19/2013) I - Indirect - ASAutomatic Sell - OptionsOE Exercised B - Buy PB- Private Buy D - Disposed PS- Private Sell - InititalIO Ownership S - Sell

Source: J3 Information Services Group

News

Recent News Recent News Headlines - Latest McDonalds (MCD) And KFC (YUM) See China Sales Fall: Why Is One Beating The Other?

Teknowledge - International Business Times - 3:09PM, 10 September 2013

KFC Yum Center hosts just one concert in July, posts operating loss

Bizjournals - 1:48PM, 10 September 2013 Inequality's Threat to Our Fiscal Future

PolicyShop - 11:03AM, 10 September 2013

Smaller KFC Yum! Center arena tax district could raise more revenue courier-journal - 8:45AM, 10 September 2013

Fast-Food Workers Are Right: Raise the Minimum Wage

TheStreet.com - 6:28AM, 10 September 2013

Yum! Brand sees same-store sales continue to fall

China Economic Net - 4:21AM, 10 September 2013

Are store additions by food retail chains sustainable?

Business Standard - 2:57PM, 9 September 2013

Yum China's August same-store sales below expectations

Resturant News - 2:52PM, 9 September 2013

Analysts: Yum May be Struggling in China and 3 Other Research Notes to Look Over

Wall St. Cheat Sheet - 2:14PM, 9 September 2013 History Incorporated in North Carolina in 1997 as Tricon Global Restaurants Inc. Prior to Oct. 6, 1997, the business of Co. was conducted by PepsiCo, Inc. Present name adopted on May 16, 2002.

In 1997, Co. sold Chevys Mexican Restaurants, East Side Mario's, Hot n' Now, D'Angelo Sandwich Shops and California Pizza Kitchen.

On Oct. 6, 1997, PepsiCo, Inc. completed its spin off of its restaurant business to shareholders. Under the plan, PepsiCo shareholders of record on Sept. 19, 1997 received one share in the new restaurant company, TRICON Global Restaurants, Inc., for every 10 PepsiCo shares they held.

On May 7, 2002, Co. acquired Long John Silver's and A&W All-American Food Restaurants from Yorkshire Global Restaurants, Inc. Co. paid approx. $275,000,000 in cash and assumed approx. $48,000,000 of bank indebtedness in connection with the acquisition. The purchase price was allocated to the assets acquired and liabilities assumed based on estimates of their fair values at the date of acquisition.

On Apr. 4, 2003, Co. acquired the Pasta Bravo restaurant concept for $5,000,000 from Pasta Bravo, Inc. The acquisition includes the recipes, cooking platform and trademarks, but no restaurant assets. On Sept. 12, 2006, Co. completed the acquisition of the remaining 50% ownership interest of its Pizza Hut United Kingdom (U.K.) unconsolidated affiliate from its partner, paying approximately $178,000,000 in cash, including transaction costs and net of $9,000,000 of cash assumed. Additionally, Co. assumed the full liability, as opposed to its 50% share, associated with the Pizza Hut

U.K.?s capital leases of $97,000,000 and short-term borrowings of $23,000,000.

In Dec. 2007, Co. sold its interest in its unconsolidated affiliate in Japan for $128,000,000.

During 2009, Co.'s China Division paid approx. $103,000,000 in several tranches, to purchase 27% of the outstanding common shares of Little Sheep Group Limited.

On May 4, 2009, Co. acquired an additional 7% ownership in the entity that operates more than 200 KFCs in Shanghai, China for $12,000,000, increasing Co.'s ownership to 58%.

On June 2, 2009, Co. acquired 19.99% interest in Little Sheep Group Ltd. for $63,700,000.

On Feb. 2, 2010, Co. acquired 7.3% interest in Little Sheep Group Ltd. for $38,700,000 in cash.

On July 1, 2010, Co. completed the exercise of its option with its Russian partner to purchase their interest in the co-branded Rostik's-KFC restaurants across Russia and the Commonwealth of Independent States. As a result, Co. acquired company ownership of 50 restaurants and gained full rights and responsibilities as franchisor of 81 restaurants, which its partner previously managed as master franchisee. Upon exercise of its option, Co. paid cash of $56,000,000, net of settlement of a long-term note receivable of $11,000,000, and assumed long-term debt of $10,000,000. The remaining balance of the purchase price, anticipated to be $11,000,000, will be paid in cash in July 2012.

During the fourth quarter of 2011, Co. sold the Long John Silver's and A&W All American Food Restaurants brands to key franchise leaders and strategic investors in separate transactions.

On Feb. 1, 2012, Co. paid $584,000,000 to acquire an additional 66% interest in Little Sheep Group Limited, net of cash acquired of $44,000,000, a Chinese casual dining concept with approx. 450 system-wide restaurants headquartered in Inner Mongolia, China. This acquisition brought Co.'s total ownership to approx. 93% of the business.

Historic News 11/16/2012 On Nov. 16, 2012, Co.?s board of directors authorized Co. to repurchase up to $1,000,000,000 in additional shares of common stock and declared a dividend of $0.335 per share of common stock. The quarterly dividend will be distributed Feb. 1, 2013, to shareholders of record at the close of business on Jan. 11, 2013. The $1,000,000,000 in additional share repurchases of Co.?s outstanding common stock is authorized through May 31, 2014. Repurchases of common stock may be made from time to time in the open market or through privately negotiated transactions and will be subject to market conditions and other factors. Year-to-date, Co. has repurchased $815,000,000 of shares of common stock at an average price of $66.

11/29/2011 On Nov. 28, 2011, Co. announced that its board has approved the share repurchase of an additional $750 million. The company has been consistently enhancing shareholders? returns. The Co. will buy back shares over the next 18 months.

07/05/2002 RATING -- Ba1 AUTHORIZED -- $400,000,000. OUTSTANDING -- June 25, 2002, $400,000,000. DATED -- June 25, 2002 DUE -- July 1, 2012. INTEREST -- J&J 1 to holders of record on J&D 15 at 7.7% per annum, accruing from June 28, 2002. TRUSTEE -- Bank One Trust

Company, N.A. DENOMINATION -- Fully registered, $1,000 and integral multiples thereafter. CALLABLE -- As a whole or in part at any time at the option of Co., upon at least 30 but not more than 60 days notice, at the greater of (i) 100% and (ii) the sum of the present values of the remaining scheduled payments of principal and interest discounted to the date of redemption on a semi annual basis at the treasury rate plus 45 basis points. plus in each case accrued interest to the date of redemption. SINKING FUND -- None. SECURITY - - Unsecured. Rank equally with all other senior unsecured indebtedness of Co. INDENTURE MODIFICATION - - Indenture may be modified, except as provided, with the consent of a majority of notes outstg. RIGHTS ON DEFAULT --

Trustee or majority of notes outstg may declare principal due and payable (30 days grace for the payment of interest). PURPOSE -- Proceeds will be used to repay portions of indebtedness outstg under Co.'s bank credit facilities. OFFERED -- ($400,000,000) at 99.450 (proceeds to Co. 98.325) on June 25, 2002 thru Salomon Smith Barney Inc.; J.P. Morgan Securities Inc.; Credit Lyonnais Securities (USA) Inc.; HSBC Securities (USA) Inc.; SunTrust Capital Markets, Inc.; Banc One Capital Markets, Inc.; and A.G. Edwards & Sons, Inc

03/26/2001 Co. announced its Annual Meeting for Shareholders will be held on May 17, 2001.

06/16/2000 Co. announced that Denise Ramos was named Treasurer and Brent Woodford was named Controller.

11/30/1999 Co. announced that Andrall E. Pearson will resign as Chief Executive Officer effective Jan. 1, 2000, but will remain Chairman through the end of 2000. Co. selected President David C. Novak to succeed Pearson as Chief Execuitve Officer.

10/06/1999 Co. anounced that the board of directors authorized the repurchase of up to $350 million of Co.'s outstanding common stock.

06/08/1999 Co. named that Robert C. Lowes, Chief Financial Officer, left Co. to pursue other interests.

07/27/1998 In July 1998, Co.'s board of directors adopted a shareholders rights plan under which rights will be distributed as a dividend at the rate of one right for each share of common stock, without par value, of Co. held by shareholders of record as of Aug. 3,

1998. The rights will expire on July 21, 2008. The rights generally will be exercisable only if a person or group acquires beneficial ownership of 15% or more of Co.'s common stock (or 20% or more if such person or group presently owns more than 10% of

Co.'s common stock) or commences a tender or exchange offer upon consummation of which such person or group would beneficially own 15% or more (or 20% or more, as the case may be) of the company's common stock.

Business NAICS Primary NAICS: 722211Limited-Service -Restaurants SIC Primary SIC: 5812 Eating- places

Business Description

Yum! Brands is a service restaurant company. Primarily through the three concepts of KFC, Pizza Hut and Taco Bell (the Concepts), Co. develops, operates, franchises and licenses a worldwide system of restaurants which prepare, package and sell a menu of food items. Most restaurants in each Concept provide consumers the capability to dine in and/or carry out food. In addition, Taco Bell and KFC provide a drive-thru option in several stores. Pizza Hut provides a drive- thru option on a limited basis. Pizza

Hut and, on a limited basis, KFC provide delivery service. In addition, Co. owns a controlling interest in Little Sheep Group Limited, a dining concept in Inner Mongolia, China; and also owns non-controlling interests in Chinese entities who operate in a manner similar to KFC franchisees. Co. and its franchisees also operate multibrand units, primarily in the U.S., where two or more of the Concepts are operated in a single unit.

Following is a brief description of each Concept: KFC restaurants across the world provide fried and non-fried chicken products such as sandwiches, chicken strips, chicken-on-the-bone and other chicken products marketed under a variety of names. KFC restaurants also provide a variety of side items suited to local preferences and tastes. Restaurant decor throughout the world is characterized by the image of the Colonel.

Pizza Hut provides a variety of pizzas which are marketed under varying names. Each of these pizzas is provided with a variety of different toppings suited to local preferences and tastes. Several Pizza Huts also provide pasta and chicken wings, including over 3,800 stores providing wings under the brand WingStreet, primarily in the U.S. Pizza Hut units include a red roof logo on their signage. Taco Bell focuses on Mexican-style food products, including various types of tacos, burritos, quesadillas, salads, nachos and other related items. Taco Bell units include a bell logo on their signage.

Co.'s business consists of six operating segments: YUM Restaurants China (China Division), YUM Restaurants International (YRI or International Division), Taco Bell U.S., KFC U.S., Pizza Hut U.S., and YUM Restaurants India (India Division). The China

Division includes mainland China and the India Division includes India, Bangladesh, Mauritius, Nepal and Sri Lanka. YRI includes the remainder of Co.'s international operations. Co.'s registered trademarks and service marks include Kentucky Fried Chicken®, KFC®, Pizza Hut® and Taco Bell®, and Little Sheep marks.

Corporate Events Earnings Announcement Data - October 08 2013 : On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (tentative). Earnings Announcement Data - October 08 2013 : On Oct. 8 2013, Co. announced its 3rd quarter earnings after market (verified). Earnings Announcement Data - October 09 2013 : On Oct. 9 2013, Co. announced its 3rd quarter earnings after market (inferred). Earnings Announcement Data - October 09 2013 : On Oct. 9 2013, Co. announced its 3rd quarter earnings after market (tentative). Earnings Announcement Data - July 10 2013 : On July 10 2013, Co. announced its 2nd quarter earnings after market (tentative). Earnings Announcement Data - July 10 2013 : On July 10 2013, Co. announced its 2nd quarter earnings after market (verified). Conference Call Announcements - July 11 2013 : On July 11 2013, Co. scheduled a conference call at 9:15 am.

12/26/200 12/27/200 9 8 15.71 14.04 234.23 187.52 37.67 35.11 19.44 17.89 23.01 25.28 31,045 33,661

12/26/200 12/27/200 9 8 0.35 0.25 0.73 0.55 (6.23) (11.81)

12/26/200 12/27/200 9 8 3.13 Equity<0 3.19 Equity<0 7.53 6.07

12/26/200 12/27/200 9 8 1.59 1.64 46.43 49.82 59.88 62.47 21.58 19.72 21.67 24.86 2.86 2.99 38.19 22.51

12/26/200 12/27/200 9 8 2.99 3.21 2.19 (0.24)

12/26/200 12/27/200 9 8 USD USD Not Not Qualified Qualified

Yes Yes Millions Millions 9,413 9,843 1,423 1,436 10,836 11,279 3,003 3,239 2,154 2,370 2,777 2,856 7,934 8,465 1,221 1,342 118 74 103 43 26 5 36 41 68 - - 100 - - - 11 - 16 (104) (146) 9,246 9,773 1,590 1,506 - - - - (194) (226) 269 430 1,127 850 1,396 1,280 (21) 168 251 148 11 (1) 241 315 92 (12) (30) 3 10 10 72 1 313 316 1,083 964 (12) - 1,071 - 471 475 483 491 469 459 2.28 2.03 2.22 1.96 0.8 0.72 - - - - 350,000 336,000 77,000 81,000 12/26/200 12/27/200 9 8 USD USD Not Not Qualified Qualified

Yes Yes Millions Millions 353 216 274 252 35 23 239 229 122 143 158 - - - 156 - 314 - - 172 81 81 99 110 1,208 951 538 517 3,800 3,596 282 259 2,627 2,525 7,247 6,897 3,348 3,187 3,899 3,710 640 605 462 335 144 65 - - 544 561 251 300 7,148 6,527 499 508 114 130 - - 342 376 98 87 100 - 260 372 1,413 1,473 82 114 56 15 - - 3 10 59 25 99 110 1,653 1,722 5 299 2,906 2,542 - 375 249 234 67 70 3,227 3,520 56 15 3,171 3,505 36 59 3,207 3,564 1,174 1,349 6,034 6,635 - - 253 7 996 303 47 (129) (259) (272) (12) (17) (224) (418) 1,025 (108) 89 - 1,114 -

12/26/200 12/27/200 9 8 USD USD Not Not Qualified Qualified

Yes Yes Millions Millions 1,083 964 580 556 103 43 (26) (5) (280) (66) - - (68) - - (100) 72 1 (36) (41) 31 41 (59) (44) 56 59 3 (6) 27 (8) (7) 4 (62) 18 (95) 39 82 66 1,404 1,521 (797) (935) 194 266 ------(24) (35) (115) - 34 72 (19) (9) (727) (641) 499 375 (528) (268) (295) 279 (8) (11) - (1,628) 59 44 113 72 (362) (322) (20) - (542) (1,459) (15) (11) 120 (590) 17 17 216 789 353 216 209 248 308 260

Mkt Value D/I Shares Holdings Rank 3m +/- 278,255 D 9,500 31,631 99,841 D 4,157 4,157 470,031 D 6,669 24,962 199,614 D 2,831 22,131 293,276 D 4,157 0 2,115,457 D 71,444 89,833 3,475,950 D 46,346 43,487 494,789 D 6,590 36,897 (4.04) 278,255 D 9,500 31,631 100,215 D 4,157 4,157 484,203 D 6,586 25,045 214,317 D 2,914 22,131 (5.25) 289,535 D 4,157 0 (5.25) 243,100 D 3,400 53,429 (1.43) 69,617 D 1,004 29,369 278,255 D 9,500 31,631 96,083 D 4,157 4,157 34,739 D 501 28,868 465,380 D 6,699 24,932 194,754 D 2,801 22,131 (0.28) 289,577 D 4,157 0 (0.28)