Popeyes® Chicken & Biscuits signed an agreement for the
development of 35 Popeyes locations in the New York/New Jersey marketplace. Combined with development agreements for 34
restaurants signed earlier this year, Popeyes plans to more than double its presence in the market during the next five years.

The chain currently has 54 restaurants operated by 19 franchise partners in the New York market. Overall, the company currently has a
commitment pool of almost 900 commitments for future restaurant growth throughout the world.

“New York loves Popeyes’ delicious, Cajun-style fried chicken and side items inspired by our Louisiana heritage,” said Jon Luther,
president, Popeyes Chicken & Biscuits. “Our New York market development agreements help us solidify our presence in the area and
will allow us to serve our Cajun-style food to more people.”

The Popeyes menu is designed to appeal to “flavor seekers” throughout the world that enjoy flavorful, but not necessarily spicy food. In
addition to its signature New Orleans-style spicy and mild chicken, the brand features a line of side items that include Cajun rice,
mashed potatoes with Cajun gravy and its world-famous red beans & rice. Additionally, Popeyes features the award-winning Popeyes
Louisiana Legends® product line that is based on the “one-pot cooking” tradition of southern Louisiana and features gumbos,
etouffees and stews.

Popeyes is a leader in the Cajun segment of the foodservice industry and is the world’s second-largest quick-service chicken concept
as measured by sales. Founded in 1972, Popeyes has 1,504 locations in 41 states, the District of Columbia and 18 countries and
achieved 2000 worldwide sales of approximately $1.2 billion. Visit Popeyes’ website at www.popeyes.com .

Popeyes is a division of AFC Enterprises, the operator and franchisor of more than 3,628 restaurants, bakeries and cafes in 28
countries under the brand names of Church’s Chicken(TM), Popeyes® Chicken & Biscuits, Cinnabon®, Seattle’s Best Coffee® and
Torrefazione Italia®. AFC’s primary objective is to be the world’s Franchisor of Choice® by offering investment opportunities in highly
recognizable brands and exceptional franchisee support systems and services. AFC had system-wide sales of approximately $2.4
billion in 2000 and can be found on the World Wide Web at www.afce.com .

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