RB 29/2006 Debt waiver

The Management Board of AmRest Holdings N.V. (“AmRest”) informs that on 4 August 2006 was notified by the shareholder International Restaurants Investments LLC (“IRI”) about signing the debt waiver agreements. The agreements include the loans from the preceding years in total value of USD 818k and EUR 38k and the accrued interest. The debt waiver is effective as of April 1st, 2006.

The above amounts include also the long-term Yum! loans. On the 1st of April 2006 Yum! transferred the receivables, concerning the above loans, to IRI.

The above mentioned loans are included in the Note 19 of the AmRest Consolidated Financial Statement for the year 2005.

Legal act:

Ustawa o ofercie z dnia 29 lipca 2005 art. 56. ust. 1 punkt 1.