Wendy's/Tim Hortons Fact Sheet

Business Wire, August 8, 1995

--(BUSINESS WIRE)--August 8, 1995--The following provides additional information to a news release issued August 8, 1995 by Wendy's International, concerning their agreement in principal to merge with the Canadian Restaurant Chain Tim Hortons.

Largest company in Canadian donut industry (donut category traffic share)(b)

-- Tim Hortons 35.9%

-- Dunkin Donuts 8.1%

-- Country Style 6.2%

-- Second Cup 4.3%

Second largest quick-service/mid-scale restaurant chain in Canada (QSR traffic shares)(b)

-- McDonald's 15.7%

-- Tim Hortons 7.3%

-- KFC 6.1%

-- Pizza Hut 5.3%

Same store sales have grown 7% so far in 1995

1993 1994 1995(E)

Systemwide sales(a) $487M $603M $760M # of units 721 943 1193

Since the beginning of 1994, revenue and earnings have grown at annual rates exceeding 25%

Primarily a franchised entity, the number of company-owned and operated units ranged between 16-30 in 1994

Expectations are to double the size of the business in Canada in 4-5 years from today's 1,000 units

Based on conservative projections and the historical performance of the two companies, this transaction is expected to add $.07 - .08 to Wendy's bottom line in 1996; $.09 - .10 in 1997 -0- (a) Canadian $ (b) According to Canadian CREST data (Consumer Reports of Eating Share Trends.)

Note that the Canadian quick-service category, unlike in the United States, also includes mid-scale restaurants.

CONTACT: Wendy's International, Inc.

Denny Lynch, 614/764-3553