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NPC International, Inc. Announces Agreement to Join Wendy's System as a New Franchisee

  NPC International, Inc. Announces Agreement to Join Wendy's System as a New
  Franchisee

     NPC has entered into an agreement to acquire 24 Wendy's restaurants

Business Wire

OVERLAND PARK, Kan. -- June 13, 2013

NPC announced today that it had entered into an Asset Purchase Agreement (APA)
with a subsidiary of The Wendy’s Company (Wendy’s) to acquire 22 Wendy’s
restaurants for $9.3 million, plus amounts for working capital and initial
franchise fees. NPC also agreed to acquire two additional restaurants
currently under development by Wendy's in exchange for reimbursement of
development costs and payment of initial franchise fees, thereby increasing
the number of restaurants to be acquired to 24. As part of the agreement, NPC
plans to reimage certain acquired restaurants in Wendy’s new Image Activation
format.

The units being sold by Wendy’s include 14 fee-owned locations, which will be
leased from Wendy’s. This acquisition will be funded entirely with available
cash reserves. The restaurants will be owned and operated by NPC's wholly
owned subsidiary, NPC Quality Burgers, Inc.

The units to be acquired pursuant to the APA are located in the Kansas City
metropolitan area. According to information provided to NPC, 22 of the units
to be acquired by NPC generated $32.7 million in net product sales during the
52 weeks ended December 30, 2012. NPC expects the closing to occur in July
2013, subject to customary closing conditions.

Jim Schwartz, Chairman and CEO of NPC International, Inc. said, “We are
excited about the future prospects of Wendy’s and the opportunity to partner
with another great iconic American brand. This acquisition is an entry point
into the Wendy's system from which we look forward to growing substantially
through acquisition and development.

We firmly believe this opportunity plays well to our core competencies and
positions NPC with significant growth runway when combined with our Pizza Hut
interests. We believe we can leverage our abundant liquidity and penchant for
strong cash flow generation to grow and invest in both of these brands
aggressively.”

Wendy’s President and Chief Executive Officer Emil Brolick said the
transaction promises to be mutually beneficial for NPC and Wendy’s. “As part
of our restaurant ownership optimization initiative, we are focused on
recruiting successful, well-capitalized franchisees with strong operating
credentials that are committed to our Image Activation reimaging program,”
Brolick said. “We look forward to working with the NPC team to grow our brand,
sales and profits together.”

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of
1995

Certain statements contained in this news release that do not relate to
historical or current facts constitute forward-looking statements. These
include statements regarding our plans and expectations. Forward-looking
statements are subject to inherent risks and uncertainties and there can be no
assurance that such statements will prove to be correct. Actual results may
vary materially from those anticipated in such forward-looking statements as a
result of a number of factors, including lower than anticipated consumer
discretionary spending; deterioration in general economic conditions;
competition in the quick service restaurant market; adverse changes in food,
labor and other costs; price inflation or deflation; and other factors. These
risks and other risks are described in Parent’s and NPC’s filings with the
Securities and Exchange Commission, including Parent's Annual Reports on Form
10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Copies
of these filings may be obtained by contacting NPC. All forward-looking
statements made in this news release are made as of the date hereof. NPC does
not intend to update these forward-looking statements and undertakes no duty
to any person to provide any such update under any circumstances. Investors
are cautioned not to place undue reliance on any forward-looking statements.

CONFERENCE CALL INFORMATION:

The Company will be holding a conference call to discuss the announcement of
entering the Wendy’s franchise system on Thursday, June 13, 2013 at 8:00 a.m.
CT (9:00 a.m. ET). You can access this call by dialing 866-515-2910. The
international number is 617-399-5124. The access code for the call is
39608089.

For those unable to participate live, a replay of the call will be available
until June 20, 2013 by dialing 888-286-8010 or by dialing international at
617-801-6888. The access code for the replay is 98846196.

Contact:

NPC International, Inc.
Troy D. Cook, 913-327-3109
Executive Vice President-Finance & Chief Financial Officer
or
Wendy’s
David. D. Poplar, 614-764-3311
Vice President of Investor Relations
 
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