Checkers Drive-In Restaurants, Inc. (Nasdaq:
CHKR) confirmed that its warrants trading under the ticker symbol “CHKRZ” on the
NASDAQ exchange will expire as scheduled on September 26, 2001. The warrants carry the
CUSIP Number 162809-13-1.

David Koehler, vice president, chief financial officer and treasurer commented: “The CHKRZ
warrants have been scheduled to expire on September 26th ever since Checkers Drive-In
Restaurants, Inc.’s merger with Rally’s Hamburgers, Inc. in August of 1999. Despite the tragic
events of last week, circumstances have not occurred as to necessitate the Company to modify
that time schedule.”

A holder of the CHKRZ warrant may exchange one (1) warrant, plus the sum of $4.52 for one (1)
share of Checkers Drive-In Restaurants, Inc. common stock (CHKR: NASDAQ). Warrants are to be
exercised through American Stock Transfer and Trust (“AST&T”), as exchange agent, at its offices
at 6201 15th Avenue, Brooklyn, New York 11219. AST&T may be contacted at (800) 937-5449 or by
facsimile at (718) 921-8337.

Brian Doster, vice president, corporate counsel and secretary commented: “While the customary
broker protection period was previously provided for, we will also do our best to make all
appropriate accommodations given ongoing developments.”

As of June 18, 2001, Checkers Drive-In Restaurants, Inc. and its franchisees own 421 Checkers
(R) operating primarily in the Southeastern United States and 426 Rally’s (R) operating primarily in
the Midwestern United States. Checkers recently relocated its headquarters from Clearwater,
Florida to Tampa, Florida. For more information about the Company, please visit
www.checkers.com .