RB 17/2006 Concise evaluation of standing of the Company

In accordance with the Rule 18 of the Corporate Governance Best Practices of Public Companies the Supervisory Board of AmRest Holdings N.V. presents a concise evaluation of the standing of the Company.

Having reviewed the Company accounts and the report of the Management, the Board would like to emphasize a significant operating and financial improvement of the Company performance in 2005. This improvement is visible both on the operating level and the net profit line.

The Company leveraged its successful IPO by restructuring the financing of its operations. The acquired businesses in the Czech Republic (Big Food) and Poland (Spolpep) were smoothly integrated into the Company.

The current financial position and the strong management team give the Company a sound foundation for growth, both organic and through potential new acquisitions.

The Supervisory Board has positively evaluated the 2005 annual report of the Company and recommends its approval by the Annual General Meeting.