AFC ENTERPRISES –

Atlanta

Went public 03/02/01 at $17 per share

Filing Range: 3.1 million shares at $15 to $17

Offering Size: $49.6 million

Post Offering Valuation: $394.65 million

Shares Outstanding: 29.5 million shares

Underwriters: Goldman, Sachs & Co./Credit Suisse First Boston/ Deutsche Bank AG

Company Counsel: Riordan & McKinzie

Manager Counsel: King & Spalding

Auditor: Arthur Andersen LLP

The Company:

Owns and operates franchise chicken and other fast food restaurants. The company is the parent company of Church’s Chicken, Popeye’s Chicken & Biscuits, Cinnabon, Seattle’s Best Coffee, Torrefazione Italia brands and Ultrafryer Systems. The company operates more than 3,300 restaurants, bakeries and cafes in 25 countries.

Venture Backers:

Freeman Spogli & Co.

Penman Partners

Financing Rounds:

Number of Round Amt.

Round # Round Date Stage Investors ($ thousands)

1 04/27/1996 2 Buyout/Acq. 77036.0

2 01/01/1998 1 Expansion 2433.0

3 10/15/1998 1 Buyout/Acq. 17200.0

Financials:

(Data in $ millions except EPS)

Y/E

(12/31/00)

Total Revenues: $725.2

Net Income: 27.5

EPS: $1.04