CKE Restaurants,
Inc. (NYSE: CKR) announced today the sale of 34 restaurants as part of its
ongoing strategic refranchising program that was originally announced in
April, 2007. The initiative is expected to involve approximately 200
Hardee’s restaurant locations in a number of markets across the Midwest and
Southeast. To date, CKE has sold 80 restaurants to franchisees and
secured commitments for 38 new franchise restaurants under development
agreements for those markets.

CKE most recently completed the sale of 34 restaurants in North
Carolina to Boddie-Noell Enterprises, the largest Hardee’s franchise
operator. Boddie-Noell has also committed to build eight new Hardee’s
restaurant locations in these markets over the next five years.

“Our purchase of the 34 Hardee’s in the Raleigh-Durham market propels
us into the next phase of our expansion strategy with a brand that has
momentum and the leadership to keep it going,” said Boddie-Noell President
and Chief Executive Officer Bill Boddie. “CKE has both engineered and led
the turnaround of Hardee’s over the past several years, and we have
confidence in them and the Hardee’s brand as we go forward.”

CKE’s president and chief executive officer Andrew F. Puzder
commented, “We are very pleased to continue our strategic refranchising
program with the sale of 34 restaurants in North Carolina to our largest
Hardee’s franchisee, Boddie-Noell Enterprises. For the past 45 years, we
have looked to the Boddie’s to help grow this brand and have never been
disappointed. Boddie-Noell has been a key contributor to the revitalization
of the Hardee’s brand, and we view their acquisition of these restaurants
as a further commitment to the brand’s future and continued growth.”

As of the end of its fiscal 2008 first quarter ended May 21, 2007, CKE
Restaurants, Inc., through its subsidiaries, had a total of 3,022
franchised, licensed or company-operated restaurants in 43 states and in 13
countries, including 1,101 Carl’s Jr. restaurants and 1,905 Hardee’s

News, CKE