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Yum! Brands, Inc.

(NYS: YUM) General Company Information


Principal Office Website 1441 Gardiner Lane Louisville, KY 40213 www.yum.com USA Phone 502 874-8300 Fax 502 874-8790 Auditor KPMG LLP Primary NAICS 722211 : Limited-Service Restaurants Closing Stock Price 71.48 (as of 09/09/2013) Incorporated 1997 , NC, United States

Number of Employees Mergent Dividend Achiever 523,000 (Year End Average Staff as ofNo 12/29/2012) Country United States Exchange and Ticker NYS : YUM Primary SIC 5812 : Eating places Number of Shareholders 65,133 (as of 02/12/2013) Annual Meeting In May

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

Close Volume 52 Week High/Low : % Price Change (100 Days) : 200-Day Moving Avg. :

Yesterday 5 Days 30 Days 71.48 69.84 74.4 3,323,516.00 2,633,502.00 N/A 74.82 - 62.08 5.51 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 - FastFood 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 62 Policy Officer,Secretary,General 509,231 Counsel Jonathan Blum Age Senior Vice President 54

Key Financials
(In USD as of 06/15/2013) Income Statement Revenue Net Income EPS from Continuing Operations EPS - Net Income - Diluted Revenue per Share

13,161m 1,426m 3.06 3.06 28.99

Balance Sheet Total Assets Total Liabilities Shareholders' Equity Total Assets per Share Net Assets per Share Cash Flows Cash from Operations Cash from Investing Cash from Financing Capital Expenditures Cash Flow per Share

8,764m 6,541m 2,223m 19.61 4.97 2,099m -819m -1,764m 1,165m 4.52

Financial Highlights Financial Highlights as of 12/29/2012 in USD Income Statement (In Thousan ds) 13,633,000 2,876,000 2,095,000 1,597,000 29.65 3.38 3.38 451,000 461,000 473,000 3.46 (In Thousan ds) 9,011,000 1,909,000 6,798,000 2,932,000 2,154,000 19.98 2,188,000 4.91 (In Thousan ds) 2,294,000 (1,005,000)

Total Revenue EBITDA Operating Income Net Income Revenue per Share EPS from Continuing Operations EPS - Net Income - Diluted Share Outstanding Weighted Average Shares Outstanding - Diluted Weighted Average Shares Outstanding - Basic Earnings per Share - Basic Balance Sheet

Total Assets Current Assets Total Liabilities Long Term Debt Stockholders' Equity Total Assets per Share Current Liabilities Net Assets per Share Cash Flow Statement

Cash from Operations Cash from Investing

Cash from Financing Capital Expenditures Cash Flow per Share Cash & Cash Equivalents, Beginning of Year Cash & Cash Equivalents, End of Year Stock Price and Valuation (Data as of 09/09/2013) Market Cap(mil) Share Outstanding(000's) PE Ratio Dividend Per Share(TTM) Earning Per Share(TTM) Last Closing Price Previous Trading Day Range 52 Week Range 7 Day Average Closing Price 30 Day Average Closing Price 200 Day Average Closing Price Beta High Price Last 3 Mos. Low Price Last 3 Mos. Avg Daily Volume Last 3 Mos.

(1,716,000) 1,099,000 4.85 1,198,000 776,000

31,896 446,225 23.3595 1.34 3.12 71.48 70.14 - 71.71 62.08 - 74.82 70.11 71.63 69.85 0.9 74.82 68.1 2,619,424.92

Management Effectiveness Revenue per Employee Net Income per Employee ROA % (Net) ROE % (Net) ROI % (Operating) Profitability Ratios Gross Margin Operating Margin EBITDA Margin % Calculated Tax Rate % Profit Margin (TTM) Valuation Ratios Price/Earnings (TTM) Price/Book (TTM) Price/Cash Flow(TTM) Asset Management Total Asset Turnover Receivables Turnover Inventory Turnover Property Plant & Equip Turnover Cash & Equivalents Turnover Debt Management Interest Coverage Long Term Debt/Equity Long Term Debt as % of Invested Capital Total Debt/Equity Accounts Payable Turnover

26,139.00 3,062.00 17.95 80.53 41.05 27.73 15.37 21.1 25.6 11.71 18.65 13.19 12.97 1.53 46.58 33.62 3.3 13.85 14.06 1.36 57.54 1.37 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.,Ltd 100% China (Peoples Rep. Of) Baotou Little Sheep Mutton Co., Ltd 100% China (Peoples Rep. Of) Baotou Little Sheep Shenhua Catering Company 100% Limited China (Peoples Rep. Of) Baotou Yangwang Farming Company Limited 100% 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 Catering 100% 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 Management 100% Co.,Ltd China (Peoples Rep. Of) Changsha KFC Co., Ltd. 100% China (Peoples Rep. Of) ChangSha Little Sheep Catering Administration 100% 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 Limited 100% China (Peoples Rep. Of) Fuzhou Cangshan Little Sheep Catering Co.,Ltd. 100% China (Peoples Rep. Of) Fuzhou Fuxing Little Sheep Catering Company 100% Limited China (Peoples Rep. Of) Fuzhou Gulou Hualin Little Sheep Catering 100% Co.,Ltd. China (Peoples Rep. Of) Fuzhou Gulou Little Sheep Catering Company 100%Limited China (Peoples Rep. Of) Fuzhou Taijiang Little Sheep Catering Co.,Ltd. 100% China (Peoples Rep. Of) Gansu Hongfu Little Sheep Catering Management 100% 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 Consulting 100% Management China (Peoples Co.,Ltd. Rep. Of) Guangzhou Little Sheep Trading Company 100% Limited China (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) Company 100% China (Peoples Rep. Of) Huizhou Yanfu Catering Management Co.,Ltd 100% China (Peoples Rep. Of) Hulun Buir Little Sheep Xiqi Mutton Co., Ltd. 100% China (Peoples Rep. Of) Inner Mongolia Little Sheep Catering Chain 100% Company China Limited (Peoples Rep. Of) Inner Mongolia Little Sheep Food Company 100% Limited China (Peoples Rep. Of) Inner Mongolia Little Sheep Seasoning Company 100% Limited China (Peoples Rep. Of) Inventure Restaurantes Ltda. 100% Brazil Jiangmen Pengjiang Little Sheep Catering 100% Co.,LtdChina (Peoples Rep. Of) Jiaozuo Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of) Jinan Zhaofei Little Sheep Catering Co.,Ltd 100% China (Peoples Rep. Of) Jinjiang Little Sheep Catering Co., Ltd 100% China (Peoples Rep. Of) Kentucky Fried Chicken (Germany) Restaurant 100% Holdings Germany GmbH Kentucky Fried Chicken (Great Britain) Limited 100% United Kingdom Kentucky Fried Chicken (Great Britain) Services 100% Limited United 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 Simplifiee 100% France KFC Holding Co. 100% United States KFC Holding Societe Par Actions Simplifee 100% 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, Yongding 100% China Road,(Peoples Beijing City Rep. Of) Little Sheep Group Limited 100% Cayman Islands Little Sheep Hong Kong Company Limited 100% Hong Kong Little Sheep Hong Kong Holdings Company 100% Limited Hong Kong Little Sheep Macau - Restaurant Chain of100% Stores Limited Macao Little Sheep MongKok Company Limited 100% Hong Kong Little Sheep Tsim Sha Tsui Company Limited 100% Hong Kong Little Sheep Tsuen Wan Company Limited 100% 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% Management ChinaCo, (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 Business 100% Management China (Peoples Co.Rep. Ltd. Of) Nanjing Mengle Little Sheep Catering Company 100% Limited China (Peoples Rep. Of) Nanjing MengYuan Little Sheep Catering 100% Co., Ltd China (Peoples Rep. Of) Nanjing Runmeng Little Sheep Catering Company 100% 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 Company 100% Limited China (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 Sheep 100% Catering China Co.,(Peoples Ltd Rep. Of) Ningbo Little Sheep Catering Company Limited 100% 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. de 100% 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 Catering 100% Co., Ltd. China (Peoples Rep. Of) Qinhuangdao Ruikai Little Sheep Catering 100% 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 Management 100% Company China Limited (Peoples Rep. Of) Shanghai Changning Little Sheep Catering 100% Company China Limited (Peoples Rep. Of) Shanghai ChengShan Little Sheep Catering 100% Co, Ltd China (Peoples Rep. Of) Shanghai Fengnan Little Sheep Catering 100% Co.,Ltd China (Peoples Rep. Of) Shanghai Gumei Little Sheep Catering Co.,Ltd 100% China (Peoples Rep. Of) Shanghai Huijin Little Sheep Catering Co.,Ltd 100% China (Peoples Rep. Of) Shanghai Jingan Little Sheep Catering Management 100% 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 Company 100% Limited China (Peoples Rep. Of) Shanghai Lujiabang Little Sheep Catering 100% Company China Limited (Peoples Rep. Of) Shanghai Luyuan Little Sheep Catering Company 100% China Limited (Peoples Rep. Of) Shanghai Pengpu Little Sheep Catering Company 100% China Limited (Peoples Rep. Of) Shanghai Pizza Hut Co., Ltd. 100% China (Peoples Rep. Of) Shanghai Pudong Little Sheep Catering Company 100% China Limited (Peoples Rep. Of) Shanghai Putuo Little Sheep Catering Company 100% Limited China (Peoples Rep. Of) Shanghai Qibao Little Sheep Catering Company 100% Limited China (Peoples Rep. Of) Shanghai Qingpu Little Sheep Catering Management 100% China Company (Peoples Limited Rep. Of) ShangHai WangYuan Little Sheep Catering 100% Co., Ltd China (Peoples Rep. Of) Shanghai Yangpu Little Sheep Catering Company 100% China Limited (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 Catering 100% Co., Ltd China (Peoples Rep. Of) ShenYang MengXing Little Sheep Catering 100% Co., Ltd China (Peoples Rep. Of) Shenyang Minsheng Little Sheep Catering 100% Company China Limited (Peoples Rep. Of) Shenyang Wangda Little Sheep Catering 100% Co., Ltd.China (Peoples Rep. Of) Shenyang Xiangjiang Little Sheep Catering 100% Company China Limited (Peoples Rep. Of) ShenYang YongAo Little Sheep Catering 100% Co., Ltd China (Peoples Rep. Of) Shenzhen Little Sheep Catering Chain Company 100% Limited China (Peoples Rep. Of) Shenzhen Little Sheep Enterprise Company 100% Limited China (Peoples Rep. Of) Shenzhen Meimeiyang Catering Management 100%Co.,Ltd China (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) Limited 100% United Kingdom West End Restaurants (Investments) Limited 100% 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., Ltd China (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.,Ltd 100% China (Peoples Rep. Of) Xiamen Shixin Little Sheep Catering Co.,Ltd. 100% China (Peoples Rep. Of) Xian Hepingmen Little Sheep Catering Co.,Ltd 100% China (Peoples Rep. Of) Xian Hezong Little Sheep Catering Co., Ltd. 100% China (Peoples Rep. Of) Xianghe Little Sheep Catering Service Co.,Ltd 100% China (Peoples Rep. Of) Xilinhot Xihua Farming Development Company 100% Limited China (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 Catering 100%Co.,Ltd China (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% Limited South 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 Holding 100% Company Canada (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 Limited 100% 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 Limited 100% 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% Company Canada Yum! Restaurants International (MENAPAK) 100% SPCLL Bahrain 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% Kommanditgesellschaft Germany Yum! Restaurants International Management 100% S.a.r.l. Luxembourg Yum! Restaurants International Russia and 100% CIS LLC Russia Yum! Restaurants International Russia LLC 100% Russia Yum! Restaurants International S.a.r.l. 100% Luxembourg Yum! Restaurants International Switzerland 100% 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 Limited 100% India Yum! Restaurants New Zealand Services100% Pty. Ltd Australia Yum! Restaurants Spolka Z Ograniczona100% Odpowiedziainoscia Poland Yum! Restaurants, S de RL de CV 100% Mexico Yumsop Pty Limited 100% Australia Yuyao Little Sheep Catering Company Limited 100% China (Peoples Rep. Of) Zhengzhou Hezong Little Sheep Catering100% Co., Ltd.China (Peoples Rep. Of) Zhengzhou Hongzhuan Little Sheep Catering 100% Co.,Ltd China (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 Com

Description Structure Type Exchange Ticker Com Common NYS

Market Cap YUM 31,896,163,000

Business Segments Business Analysis No information found under this company.

Geographic Analysis

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

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/31/2011 USD Millions 5,566 3,274 3,786 12,626

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/25/2010 USD Millions 4,135 3,088 4,120 11,343

Report Date Currency

12/26/2009 USD

Scale China Division YUM Restaurants International (YRI) U.S. Total

Millions 3,682 2,713 4,473 10,868

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/27/2008 USD Millions 3,128 3,026 5,125 11,279

Operating Income Report Date Currency Scale China Division YUM Restaurants International (YRI) 12/29/2012 USD Millions 1,015 715

U.S. India Total

666 (1) 2,395

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/31/2011 USD Millions 908 673 589 2,170

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/25/2010 USD Millions 755 589 668 2,012

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/26/2009 USD Millions 602 491 647 1,740

Report Date Currency Scale China Division YUM Restaurants International (YRI) U.S. Total

12/27/2008 USD Millions 469 528 694 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 ROA % (Net) ROE % (Net) ROI % (Operating) EBITDA Margin %

12/29/201 2 17.95 80.53 41.05 21.1

12/31/201 1 15.13 76.36 35.14 18.75

12/25/201 0 15.02 89.29 37.97 20.21

Calculated Tax Rate % Revenue per Employee Liquidity Ratios Quick Ratio Current Ratio Net Current Assets % TA Debt Management LT Debt to Equity Total Debt to Equity Interest Coverage Asset Management Total Asset Turnover Receivables Turnover Inventory Turnover Accounts Payable Turnover Accrued Expenses Turnover Property Plant & Equip Turnover Cash & Equivalents Turnover Per Share Cash Flow per Share Book Value per Share

25.6 26,139 12/29/201 2 0.49 0.87 (3.1) 12/29/201 2 1.36 1.37 14.06 12/29/201 2 1.53 46.58 33.62 19.59 14.26 3.3 13.85 12/29/201 2 4.99 4.91

20.1 26,656 12/31/201 1 0.6 0.95 (1.46) 12/31/201 1 1.64 1.82 11.79 12/31/201 1 1.45 45.84 39.57 19.84 15 3.16 9.47 12/31/201 1 4.55 3.96

26.8 30,090 12/25/201 0 0.68 0.94 (1.62) 12/25/201 0 1.85 2.28 10.23 12/25/201 0 1.47 45.96 52.22 21.89 17.72 2.94 12.79 12/25/201 0 4.16 3.36

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

As Reported Annual Income Statement Report Date Currency Audit Status

12/29/201 2 USD Not Qualified Yes Millions 11,833 1,800 13,633

12/31/201 1 USD Not Qualified Yes Millions 10,893 1,733 12,626

12/25/201 0 USD Not Qualified Yes Millions 9,783 1,560 11,343

Consolidated Scale Company sales Franchise & license fees & income Total revenues

Company restaurants - food & paper 3,874 3,633 Company restaurants - payroll & employee benefits 2,620 2,418 Company restaurants - occupancy & other operating 3,358 expenses 3,089 Company restaurants expenses 9,852 9,140 General & administrative expenses 1,510 1,372 Franchise & license expenses 133 145 Closures & impairment expenses (income) 37 135 Refranchising gain (loss) 78 (72) Equity income from investments in unconsolidated 47 affiliates 47 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 Other expense (income) (115) (53) Total costs & expenses, net 11,339 10,811 Operating profit 2,294 1,815 Interest expense 169 184 Interest income 20 28 Interest income (expense), net (149) (156) Income (loss) before income taxes - U.S. 504 266 Income (loss) before income taxes - foreign1,641 1,393 Income (loss) before income taxes 2,145 1,659 Current federal income tax provision (benefit)160 78 Current foreign income tax provision (benefit)314 374 Current state income tax provision (benefit) 35 9 Total current income tax provision (benefit) 509 461 Deferred federal income tax provision (benefit)91 (83) Deferred foreign income tax provision (benefit) (57) (40) Deferred state income tax provision (benefit) (6) (14) Total deferred income tax provision (benefit) 28 (137) Income tax provision 537 324 Net income (loss) - including noncontrolling 1,608 interest 1,335 Net income (loss) - noncontrolling interest (11) (16) Net income - YUM! Brands, Inc. 1,597 1,319 Weighted average shares outstanding - basic461 469 Weighted average shares outstanding - diluted 473 481 Year end shares outstanding 451 460 Net earnings (loss) per common share - basic 3.46 2.81 Net earnings (loss) per common share - diluted 3.38 2.74 Dividends declared per common share 1.24 1.07 Number of full time employees 78,450 Number of part time employees 444,550 Total number of employees 523,000 466,000 Number of common stockholders 65,133 67,435

3,091 2,172 2,857 8,120 1,277 110 47 (63) 42 1 (43) 9,574 1,769 195 20 (175) 345 1,249 1,594 155 356 15 526 (82) (29) 1 (110) 416 1,178 (20) 1,158 474 486 469 2.44 2.38 0.92 378,000 72,000

Balance Sheet

Exchange rate used is that of the Year End reported date

As Reported Annual Balance Sheet Report Date Currency Audit Status 12/29/201 2 USD Not Qualified 12/31/201 1 USD Not Qualified 12/25/201 0 USD Not Qualified Yes Millions 1,426 289 33 256 189 115 154 269 61 112 2,313 542 3,709 274 2,578 7,103 3,273 3,830 659 475 154 519 366 8,316 540 174 357 118 95 318 1,602 61 673 -

Consolidated Yes Yes Scale Millions Millions Cash & cash equivalents 776 1,198 Accounts & notes receivable, gross 313 308 Less: Allowance for doubtful accounts - accounts 12 & notes receivable 22 Accounts & notes receivable, net 301 286 Inventories 313 273 Income tax receivable 55 150 Assets held for sale 56 24 Other prepaid expenses & current assets 161 164 Prepaid expenses & other current assets 272 338 Prepaid expenses & other current assets Deferred income taxes 111 112 Advertising cooperative assets, restricted 136 114 Total current assets 1,909 2,321 Land 469 527 Buildings & improvements 4,093 3,856 Capital leases, primarily buildings 200 316 Machinery & equipment 2,627 2,568 Property, plant & equipment, gross 7,389 7,267 Accumulated depreciation & amortization 3,139 3,225 Property, plant & equipment, net 4,250 4,042 Goodwill 1,034 681 Intangible assets, net 690 299 Investments in unconsolidated affiliates 72 167 Restricted cash 300 Other assets 575 475 Deferred income taxes 481 549 Total assets 9,011 8,834 Accounts payable 684 712 Capital expenditure liability Accrued capital expenditure 264 229 Accrued compensation & benefits 487 440 Dividends payable 151 131 Accrued taxes, other than income taxes 103 112 Other current liabilities 256 250 Accounts payable & other current liabilities 1,945 1,874 Income taxes payable 97 142 Current maturities of long-term debt 10 315 Current portion of fair value hedge accounting adjustment 5

Other short-term borrowings Short-term borrowings 10 Advertising cooperative liabilities 136 Total current liabilities 2,188 Unsecured revolving credit facility Senior unsecured notes 2,750 Senior, unsecured term loan Capital lease obligations 170 Other long-term debt Total long-term debt 2,920 Less current maturities of long-term debt 10 Long-term debt excluding hedge accounting 2,910 adjustment Long-term portion of fair value hedge accounting 22 adjustment Long-term debt 2,932 Other liabilities & deferred credits 1,579 Total liabilities 6,699 Redeemable non-controlling interest 59 Common stock Retained earnings (accumulated deficit) 2,286 Foreign currency translation adjustment 166 Pension & post retirement gains losses, net (286) of tax Net unrealized gains (losses) on derivative instruments, (12) net of tax Accumulated other comprehensive income (loss) (132) Total shareholders' equity (deficit) - YUM! Brands, 2,154 Inc. Noncontrolling interest 99 Total shareholders' equity (deficit) 2,253

320 114 2,450 3,012 279 3,291 315 2,976 21 2,997 1,471 6,918 18 2,052 140 (375) (12) (247) 1,823 93 1,916

673 112 2,448 3,257 236 64 3,557 673 2,884 31 2,915 1,284 6,647 86 1,717 55 (269) (13) (227) 1,576 93 1,669

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

As Reported Annual Cash Flow Report Date Currency Audit Status

12/29/201 2 USD Not Qualified

12/31/201 1 USD Not Qualified

12/25/201 0 USD Not Qualified Yes Millions 1,178 589 47 63 (52) -

Consolidated Yes Yes Scale Millions Millions Net income (loss) - including noncontrolling 1,608 interest 1,335 Depreciation & amortization 645 628 Closures & impairment expenses (income) 37 135 Refranchising loss (gain) (78) 72 Contributions to defined benefit pension plans (119) (63) 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) Equity loss (income) from investments in unconsolidated (47) affiliates (47) Distributions of income received from unconsolidated 41 affiliates 39 Excess tax benefits from share-based compensation (98) (66) Share-based compensation expense 50 59 Accounts & notes receivable (18) (39) Inventories 9 (75) Prepaid expenses & other current assets (14) (25) Accounts payable & other current liabilities 9 144 Income taxes payable 126 109 Other cash flow from operating activities 105 101 Net cash flows from operating activities 2,294 2,170 Capital spending (1,099) (940) Proceeds from refranchising of restaurants 364 246 Acquisitions & investments (81) Acquisitions (543) Changes in restricted cash 300 (300) Acquisition of restaurants from franchisees Acquisitions & disposals of investments Sales of property, plant & equipment 30 Other cash flows from investing activities, net(27) 39 Net cash flows from investing activities (1,005) (1,006) Proceeds from long-term debt 404 Repayments of long-term debt (282) (666) Revolving credit facilities, three months or less, net Short-term borrowings by original maturity, three -months or less, net Repurchase shares of common stock (965) (752) Excess tax benefit from share-based compensation 98 66 Employee stock option proceeds 62 59 Dividends paid on common stock (544) (481) Other cash flows from financing activities, net(85) (43) Net cash flows from financing activities (1,716) (1,413) Effect of exchange rate on cash & cash equivalents 5 21 Net increase (decrease) in cash & cash equivalents (422) (228) Change in cash & cash equivalents due to consolidation of entities in China Cash & cash equivalents - beginning of year 1,198 1,426 Cash & cash equivalents - end of year 776 1,198 Cash paid for interest 166 199 Cash paid for income taxes 417 349

(110) (42) 34 (69) 47 (12) (68) 61 61 104 137 1,968 (796) 265 (62) 33 (19) (579) 350 (29) (5) (3) (371) 69 102 (412) (38) (337) 21 1,073 353 1,426 190 357

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 Tenure Total Compensation 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 Tenure Total Compensation 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

: : : :

Chairman 16 Age : $14,168,355 %Change : -

60 -0.31

: : : :

Vice-Chairman 24 Age : $16,561,455 %Change : -

60 0.32

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 Tenure Total Compensation 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 Tenure Total Compensation 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. : : : : Senior Vice President 16 Age : $1,273,627%Change : : : : : President 14 Age : $5,460,190%Change : -

56 -0.45

62 0.16

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 Tenure Total Compensation 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 Tenure Total Compensation 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 : : : : Senior Vice President 12 Age : $%Change : : : : : Senior Vice President 16 Age : $%Change : -

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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 Tenure Total Compensation 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 Tenure Total Compensation Education Patrick J. Grismer : : : : Vice President 2 Age : $%Change : : : : : Senior Vice President 6 Age : $%Change : -

48 -

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

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Title Tenure Total Compensation 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

: : : :

Chief People Officer 16 Age : $%Change : -

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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 Tenure Total Compensation 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.

: : : :

Vice President 16 Age : $%Change : -

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Title Tenure Total Compensation Education Greg Creed

: : : :

Division Officer 11 Age : $3,280,352%Change : -

66 0.1

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

55 -0.23

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 Tenure Total Compensation 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

: : : :

Division Officer 13 Age : $%Change : -

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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 Total Compensation 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 Tenure Total Compensation Education

: : : :

17 Age : $6,692,361%Change : -

57 0.2

: : : :

Subsidiary Officer 2 Age : $4,685,757%Change : -

0.28

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 Tenure Total Compensation 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 Tenure Total Compensation 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, : : : : Chief Operating Officer 11 Age : $3,954,294%Change : : : : : Senior Vice President 30 Age : $%Change : -

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61 0.21

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 Tenure Total Compensation 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

: : : :

Chief Operating Officer 22 Age : $1,438,319%Change : -

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Strategic Planning from August 1995 to July 2000. Title Tenure Total Compensation Education : : : :

13 Age : $2,751,929%Change : -

65 0.58

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

62 -

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 cofounder 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 Tenure Total Compensation Education

: : : :

Subsidiary Officer 16 Age : $1,540,332%Change : -

54 0.64

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

63 0.12

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 Tenure Total Compensation 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 Tenure Total Compensation 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

: : : :

Chairman 16 Age : $14,168,355 %Change : -

60 -0.31

: : : :

Vice-Chairman 24 Age : $16,561,455 %Change : -

60 0.32

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 Tenure Total Compensation 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 Tenure Total Compensation Education David W. Dorman : : : : Director 1 Age : $213,123 %Change : : : : : Director 1 Age : $387,881 %Change : -

58 -

46 -

David W. Dorman, was named nonexecutive 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 Total Compensation 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 Total Compensation 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 Total Compensation Education Bonnie Guiton Hill

: : :

8 Age : $206,696 %Change : -

59 0

: : : :

16 Age : $206,696 %Change : -

55 0

: : : :

10 Age : $216,696 %Change : -

74 -0.04

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 Total Compensation 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 : : : :

10 Age : $215,096 %Change : -

71 0.03

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 Total Compensation Education Kenneth G. Langone : : : :

16 $20,000 -

Age : %Change :

73 -0.9

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 Total Compensation 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 : : : :

16 $10,000 -

Age : %Change :

78 -0.95

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 Total Compensation 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 : : : :

8 Age : $216,696 %Change : -

69 0.05

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 Total Compensation 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 : : : :

7 Age : $226,696 %Change : -

50 0.1

previously served as a Director of Bank of America Corporation. Title Tenure Total Compensation 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 Total Compensation Education : : : : : : : :

11 Age : $231,696 %Change : -

60 0.12

5 Age : $231,696 %Change : -

67 0.02

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 19972010. Title Tenure Total Compensation 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 : : : : :

16 Age : $174,749 %Change : -

77 -0.01

Tenure Total Compensation Education

: : :

16 Age : $181,541 %Change : -

69 -

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 Total Compensation Education : : : :

16 $-

Age : %Change :

87 -

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 USD 2012 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 Deferred 1,345,665 Comp. Earni 7,507,185 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 USD 2012 2011 Salary 1,088,462 1,007,692 Stock Awards 385,029 324,986 Option Awards 2,467,739 1,668,280 Underlying Options/SARs (# of Securities) N/A N/A Non-Equity Incentive Plan Compensation 2,039,813 3,105,000 Change in Pension Value & Non-Qualified Deferred 5,537,865 Comp. Earni 4,556,233 2010 815,000 7,106,211 1,387,559 N/A 2,628,986 1,470,360

All Other Compensation Total Compensation

5,042,547 1,842,530 909,904 16,561,45512,504,72114,318,020

Richard T. Carucci
Compensation History Year Values in USD 2012 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 Deferred 687,438 Comp. Earni 4,764,483 361,071 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 Salary Bonus Option Awards All Other Compensation Total Compensation Values in USD 2005 509,231 582,188 43,360 138,848 1,273,627 2004 493,846 555,390 51,270 N/A 1,100,506 2003 478,846 510,840 72,151 27,464 1,089,301

Jonathan D. Blum

Ted F. Knopf

Timothy P. Jerzyk

David Russell

Patrick J. Grismer
Compensation History Year Values in USD 2012 Salary 500,308 Stock Awards 1,014,347 Option Awards 493,551 Change in Pension Value & Non-Qualified Deferred 6,115 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 USD 2010 2009 Salary 650,000 647,692 Stock Awards 180,005 179,995 Option Awards 659,090 1,479,567 Non-Equity Incentive Plan Compensation 1,367,438 291,168 Change in Pension Value & Non-Qualified Deferred 6,006 Comp. Earni N/A All Other Compensation 417,813 397,011 Total Compensation 3,280,352 2,995,433

2008 610,769 324,632 1,472,432 973,896 22,863 381,919 3,786,511

Greg Creed
Compensation History Year Values in USD 2009 2008 Salary 647,692 612,692 Stock Awards 194,995 1,209,992 Option Awards N/A 1,317,940 Underlying Options/SARs (# of Securities) 1,232,976 1,177,948 Non-Equity Incentive Plan Compensation 995,085 N/A Change in Pension Value & Non-Qualified Deferred 5,659 Comp. Earni 3,203 All Other Compensation 283,704 361,012 Total Compensation 2,127,135 3,504,839 2007 525,000 528,080 1,230,086 3,565,191 N/A N/A 267,824 2,550,990

Roger Eaton

Graham D. Allan
Compensation History Year Values in USD 2011 2010 Salary 898,558 815,000 Bonus N/A N/A Stock Awards 320,006 310,012 Option Awards 1,429,951 1,387,559 Underlying Options/SARs (# of Securities) N/A N/A Non-Equity Incentive Plan Compensation 2,015,145 1,425,557 Change in Pension Value & Non-Qualified Deferred 2,006,951 Comp. Earni 1,572,049 2009 811,923 N/A 310,011 1,479,567 1,479,567 1,023,477 732,364

Incentive Plan Payments All Other Compensation Total Compensation

N/A N/A N/A 21,750 63,331 50,235 6,692,361 5,573,508 4,407,577

Muktesh Pant
Compensation History Year Values in USD 2012 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 Deferred 25,225 Comp. Earni 14,005 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 USD 2007 2006 Salary 648,077 627,885 Bonus N/A N/A Other Annual Compensation/Fees N/A N/A Option Awards N/A N/A Underlying Options/SARs (# of Securities) 1,138,164 1,089,977 Non-Equity Incentive Plan Compensation 1,271,303 376,239 Change in Pension Value & Non-Qualified Deferred 447,647 Comp. Earni 1,086,370 All Other Compensation 449,103 81,249 Total Compensation 2,816,130 2,171,743 2004 498,077 590,625 N/A 87,890 N/A N/A N/A 145,173 1,321,765

David J. Deno
Compensation History Year Salary Bonus Option Awards Total Compensation Values in USD 2004 498,077 867,000 73,242 1,438,319 2003 458,654 729,173 82,458 1,270,285 2002 421,154 780,938 99,100 1,301,192

Emil J. Brolick
Compensation History Year Salary Bonus Other Annual Compensation/Fees Stock Awards Option Awards Incentive Plan Payments All Other Compensation Total Compensation Values in USD 2006 629,577 N/A N/A 152,818 1,178,749 723,233 67,552 2,751,929 2005 535,962 1,128,503 N/A N/A 75,879 N/A N/A 1,740,344 2004 472,308 614,531 59,721 N/A 87,890 N/A 160,160 1,394,610

Charles E. Rawley

Gregg R. Dedrick
Compensation History Year Salary Bonus Other Annual Compensation/Fees Option Awards Values in USD 2005 438,846 886,050 62,425 48,780 2004 426,634 312,694 92,434 62,988 2003 175,961 131,250 N/A N/A

All Other Compensation Total Compensation

104,231 43,750 1,540,332 938,500

N/A 307,211

Peter A. Bassi
Compensation History Year Salary Bonus Other Annual Compensation/Fees Option Awards Total Compensation Values in USD 2004 535,000 989,081 N/A 33,692 1,557,773 2003 512,692 739,798 56,681 82,458 1,391,629 2002 483,462 918,014 N/A 80,270 1,481,746

Directors

David C. Novak
Compensation History Year Values in USD 2012 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 Deferred 1,345,665 Comp. Earni 7,507,185 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 USD 2012 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 Deferred 5,537,865 Comp. Earni 4,556,233 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 Stock Awards Option Awards Total Compensation Values in USD 2012 322,500 65,381 387,881

Michael J. Cavanagh
Compensation History Year Stock Awards Option Awards Total Compensation Values in USD 2012 180,833 32,290 213,123

David W. Dorman
Compensation History Year Stock Awards Option Awards Values in USD 2012 170,000 36,696 2011 170,000 36,239 2010 170,000 38,708

All Other Compensation Total Compensation

N/A 206,696

N/A 206,239

10,000 218,708

Massimo Ferragamo
Compensation History Year Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2012 170,000 36,696 N/A 206,696 2011 170,000 36,239 N/A 206,239 2010 170,000 38,708 N/A 208,708

J. David Grissom
Compensation History Year Other Annual Compensation/Fees Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2009 75,000 75,000 29,749 N/A 179,749 2008 75,000 75,000 30,854 10,000 190,854 2012 N/A 170,000 36,696 10,000 216,696

Bonnie Guiton Hill


Compensation History Year Salary Other Annual Compensation/Fees Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2006 67,500 N/A 67,500 41,541 10,000 186,541 2012 N/A 85,000 85,000 36,696 8,400 215,096 2011 N/A 85,000 85,000 36,239 3,500 209,739

Robert Holland
Compensation History Year Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2011 170,000 36,239 N/A 206,239 2010 170,000 38,708 N/A 208,708 2009 135,000 29,749 10,000 174,749

Kenneth G. Langone
Compensation History Year Other Annual Compensation/Fees Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2007 135,000 N/A 39,903 20,000 194,903 2011 N/A 170,000 36,239 10,000 216,239 2010 N/A 170,000 38,708 N/A 208,708

Jonathan S. Linen
Compensation History Year Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2012 170,000 36,696 10,000 216,696 2011 170,000 36,239 N/A 206,239 2010 170,000 38,708 10,000 218,708

Thomas C. Nelson

Compensation History Year Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2012 190,000 36,696 N/A 226,696 2011 170,000 36,239 N/A 206,239 2010 170,000 38,708 10,000 218,708

Thomas M. Ryan
Compensation History Year Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2012 195,000 36,696 N/A 231,696 2011 170,000 36,239 N/A 206,239 2010 180,000 38,708 5,000 223,708

Robert D. Walter
Compensation History Year Stock Awards Option Awards All Other Compensation Total Compensation Values in USD 2012 185,000 36,696 10,000 231,696 2011 180,000 36,239 10,000 226,239 2010 180,000 38,708 10,000 228,708

Jackie Trujillo
Compensation History Year Salary Values in USD 2006 67,500 2009 N/A 2007 N/A

Other Annual Compensation/Fees Stock Awards Option Awards All Other Compensation Total Compensation

N/A 67,500 41,541 10,000 186,541

67,500 67,500 29,749 10,000 174,749

67,500 67,500 39,903 5,000 179,903

Robert J. Ulrich
Compensation History Year Stock Awards Option Awards Total Compensation Values in USD 2006 140,000 41,541 181,541

Andrall E. Pearson

Insider Holdings Holdings Summary Total Insiders Total Direct Shares Total Indirect Shares % Held By Insiders

36 2,496,348 497,473 0.56%

Filer's Name Blum Jonathan David Grismer Patrick J Bergren Scott Ferragamo Massimo Creed Greg Russell David Eric Su Jingshyh S Byerlein Hollan Anne Carucci Richard Walter Robert D Grissom J David Pant Muktesh Eaton Roger G. Nelson Thomas C Dorman David W Hill Bonnie Guiton Novak David C Campbell Christain Langone Kenneth G Allan Graham D Brolick Emil Holland Robert Jr Knopf Ted Ryan Thomas M Trujillo Jackie Linen Jonathan S Dedrick Gregg Hearl Peter Ulrich Robert J Rawley Charles E III Pearson Andrall Deno David Moore Gregory N Bassi Peter A Lewis Aylwin B Woodford Brent

Relation Direct Date Direct Shares Indirect Date Indirect Shares SVP and Chief 09/03/201322,131 Public Affairs 08/06/20030 Chief Financial 09/03/20130 Officer 09/03/201317,840 CEO PH and 08/12/201336,897 YUM Innov. 0 Director 07/12/201353,429 02/18/20040 CEO - Taco 07/01/201328,868 Bell 0 Vice President, 05/01/20133,265 Controller 05/01/2013920 Chair & CEO 04/01/201390,868 - China Division, Director 04/01/2013278,361 Chief People 04/01/201314,150 Officer 04/01/20131,678 President 04/01/20135,915 04/01/201326,833 Director 03/25/201388,301 05/15/20080 Director 02/06/201390,498 02/06/201326,000 CEO YRI 01/24/201313,143 01/24/2013874 Chief YUM 12/18/201218,235 Operations Officer 04/04/20080 Director 12/14/20128,288 12/13/20120 Director 12/13/201241,691 01/28/20050 Director 12/10/20121,748 12/10/20120 Chair CEO 12/10/2012282,164 and Pres, Director 12/10/201230,548 SVP GC and 08/03/201213,288 CFPO 08/02/20040 Director 03/06/2012659,562 12/22/20030 Officer 12/13/2011477,826 0 COO - Yum09/01/20114 08/02/20040 Director 07/15/201159,060 12/11/20030 SVP Finance 10/08/20104 and Controller 0 Director 10/01/200915,046 10/11/201227,811 Director 07/01/200930,802 07/01/200928,000 Director 12/17/20084,438 12/17/200810,000 President, CCO 04/01/20084,573 of KFC 04/01/200812 Chief Op. and 12/03/200759,340 Dev. Officer 01/26/20040 Director 10/17/200610,987 10/17/20060 CDO 10/02/20069,093 10/02/2006666 Director 03/06/2006279,098 03/06/200635,000 COO 11/09/20052,502 11/09/200511,610 Sr. VP and 04/01/20051,307 Controller 04/01/2005902 President YRI 01/04/200568,015 01/04/2005200 Pres, CMBO 10/01/20041,812 and Op Off. 07/21/20030 Vice President 10/10/20030 and Controller 10/10/2003218

Source: J3 Information Services Group

Insider Trades 3 Months

Summary (Direct Transactions Only) 3 Months 6 Months 12 Months 24 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 7,149,26533,879,042 103,355,728 206,041,542 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 Blum Jonathan David Grismer Patrick J Blum Jonathan David Blum Jonathan David Grismer Patrick J Bergren Scott Bergren Scott Bergren Scott Blum Jonathan David Grismer Patrick J Blum Jonathan David Blum Jonathan David

Relation Title Off - Dir - 10% Trans. Date Form SVP and Chief 1 -Public 1 - Affairs 09/03/2013 4 Chief Financial 1 - Officer 1 - 09/03/2013 4 SVP and Chief 1 -Public 1 - Affairs 09/03/2013 4 SVP and Chief 1 -Public 1 - Affairs 09/03/2013 4 Chief Financial 1 - Officer 1 - 09/03/2013 4 CEO PH and 1 YUM - 1 Innov. - 08/12/2013 4 CEO PH and 1 YUM - 1 Innov. - 08/12/2013 4 CEO PH and 1 YUM - 1 Innov. - 08/12/2013 4 SVP and Chief 1 -Public 1 - Affairs 08/01/2013 4 Chief Financial 1 - Officer 1 - 08/01/2013 4 SVP and Chief 1 -Public 1 - Affairs 08/01/2013 4 SVP and Chief 1 -Public 1 - Affairs 08/01/2013 4

Action OE OE D AS AS OE D AS OE OE D AS

Price 29.29 24.02 70.48 70.51 70.55 29.61 75 75.08 29.29 24.11 73.52 73.55

Grismer Patrick J Ferragamo Massimo Creed Greg Blum Jonathan David Grismer Patrick J Creed Greg Blum Jonathan David Blum Jonathan David Grismer Patrick J

Chief Financial 1 - Officer 1 - 08/01/2013 Director 1 - 1 - 07/12/2013 CEO - Taco 1Bell - 1 - 07/01/2013 SVP and Chief 1 -Public 1 - Affairs 07/01/2013 Chief Financial 1 - Officer 1 - 07/01/2013 CEO - Taco 1Bell - 1 - 07/01/2013 SVP and Chief 1 -Public 1 - Affairs 07/01/2013 SVP and Chief 1 -Public 1 - Affairs 07/01/2013 Chief Financial 1 - Officer 1 - 07/01/2013

4 4 4 4 4 4 4 4 4

AS S OE OE OE D D AS AS

69.65 71.5 69.34 29.29 22.53 69.34 69.47 69.53 69.66

Transaction Code Key :

Ownershi p Code Key : A -- UNKNOWN Acquired (added NO 06/04/2012) D - Automatic AB - Unknown Buy (added NP 02/19/2013) I - AS Automatic Sell - Options OE Exercised B - Buy PB - Private Buy D - Disposed PS - Private Sell - Initital IO Ownership S - Sell

- Direct - Indirect

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: 722211 Limited-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 drivethru 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 9 15.71 234.23 37.67 19.44

12/27/200 8 14.04 187.52 35.11 17.89

23.01 31,045 12/26/200 9 0.35 0.73 (6.23) 12/26/200 9 3.13 3.19 7.53 12/26/200 9 1.59 46.43 59.88 21.58 21.67 2.86 38.19 12/26/200 9 2.99 2.19

25.28 33,661 12/27/200 8 0.25 0.55 (11.81) 12/27/200 8 Equity<0 Equity<0 6.07 12/27/200 8 1.64 49.82 62.47 19.72 24.86 2.99 22.51 12/27/200 8 3.21 (0.24)

12/26/200 9 USD Not Qualified Yes Millions 9,413 1,423 10,836

12/27/200 8 USD Not Qualified Yes Millions 9,843 1,436 11,279

3,003 2,154 2,777 7,934 1,221 118 103 26 36 68 (104) 9,246 1,590 (194) 269 1,127 1,396 (21) 251 11 241 92 (30) 10 72 313 1,083 (12) 1,071 471 483 469 2.28 2.22 0.8 350,000 77,000

3,239 2,370 2,856 8,465 1,342 74 43 5 41 100 11 16 (146) 9,773 1,506 (226) 430 850 1,280 168 148 (1) 315 (12) 3 10 1 316 964 475 491 459 2.03 1.96 0.72 336,000 81,000

12/26/200 9 USD Not Qualified Yes Millions 353 274 35 239 122 158 156 314 81 99 1,208 538 3,800 282 2,627 7,247 3,348 3,899 640 462 144 544 251 7,148 499 114 342 98 100 260 1,413 82 56 -

12/27/200 8 USD Not Qualified Yes Millions 216 252 23 229 143 172 81 110 951 517 3,596 259 2,525 6,897 3,187 3,710 605 335 65 561 300 6,527 508 130 376 87 372 1,473 114 15 -

3 59 99 1,653 5 2,906 249 67 3,227 56 3,171 36 3,207 1,174 6,034 253 996 47 (259) (12) (224) 1,025 89 1,114

10 25 110 1,722 299 2,542 375 234 70 3,520 15 3,505 59 3,564 1,349 6,635 7 303 (129) (272) (17) (418) (108) -

12/26/200 9 USD Not Qualified Yes Millions 1,083 580 103 (26) (280) (68)

12/27/200 8 USD Not Qualified Yes Millions 964 556 43 (5) (66) -

72 (36) 31 (59) 56 3 27 (7) (62) (95) 82 1,404 (797) 194 (24) (115) 34 (19) (727) 499 (528) (295) (8) 59 113 (362) (20) (542) (15) 120 17 216 353 209 308

(100) 1 (41) 41 (44) 59 (6) (8) 4 18 39 66 1,521 (935) 266 (35) 72 (9) (641) 375 (268) 279 (11) (1,628) 44 72 (322) (1,459) (11) (590) 17 789 216 248 260

Mkt Value 278,255 99,841 470,031 199,614 293,276 2,115,457 3,475,950 494,789 278,255 100,215 484,203 214,317

D/I D D D D D D D D D D D D

Shares 9,500 4,157 6,669 2,831 4,157 71,444 46,346 6,590 9,500 4,157 6,586 2,914

Holdings Rank 31,631 4,157 24,962 22,131 0 89,833 43,487 36,897 31,631 4,157 25,045 22,131

3m +/-

(4.04)

(5.25)

289,535 243,100 69,617 278,255 96,083 34,739 465,380 194,754 289,577

D D D D D D D D D

4,157 3,400 1,004 9,500 4,157 501 6,699 2,801 4,157

0 53,429 29,369 31,631 4,157 28,868 24,932 22,131 0

(5.25) (1.43)

(0.28) (0.28)