Yum Brands 4th Quarter 2008 Earnings

Louisville, Ky. (February 3, 2009) — Yum! Brands Inc. (NYSE: YUM) today reported results for the fourth quarter and year ended December 27, 2008.

FULL-YEAR HIGHLIGHTS
• Worldwide system-sales growth of 7%, excluding foreign currency translation, driven by record
international development of 1,495 new units and same-store-sales growth of 3%.
• Worldwide operating profit growth of 8%, excluding special items, including double-digit operating profit growth from China Division of 25% and Yum! Restaurants International (YRI) of 10%, partially offset by a 6% decline in the U.S.
• Record shareholder payout of $2 billion through share buybacks and dividends, with share buybacks reducing average diluted share count by 9%.
• An industry leader with return on invested capital (ROIC) of 20%.

FOURTH-QUARTER HIGHLIGHTS
• Worldwide system-sales growth of 6%, excluding foreign currency translation, with strong
international development of 630 new units and same-store-sales growth of 3%, which marks our 21st consecutive quarter of same-store-sales growth.
• Strong worldwide operating profit growth of 17%, excluding special items, driven by 18% growth in China Division, 7% growth in the U.S., and lower corporate and unallocated G&A partially offset by a 2% decline in YRI due to the negative impact of foreign currency translation.