Ark Restaurants Corp. Acknowledges Receipt of Unsolicited Proposal

  Ark Restaurants Corp. Acknowledges Receipt of Unsolicited Proposal

Business Wire

NEW YORK -- February 8, 2013

Ark Restaurants Corp. (Nasdaq – ARKR) today confirmed that it is in receipt of
an unsolicited proposal from Landry’s, Inc. to acquire in a negotiated
transaction all of the outstanding shares of capital stock of Ark restaurants
for $22.00 per share in cash. Consistent with its fiduciary duties, and in
consultation with its outside financial and legal advisors, the board of
directors of the Company will review the Landry’s proposal and respond in due
course.

Ark Restaurants advises its shareholders that they need not take any action at
this time in response to Landry’s proposal.

Contact:

Ark Restaurants Corp.
Robert Stewart, 212-206-8800
bstewart@arkrestaurants.com