History

MANILA, Philippines - Araneta-owned Philippine Pizza Inc., the franchise owner and operator of Pizza
Hut, is doubling its capitalization to P1 billion.

Documents filed with the Securities and Exchange Commission show that the company would have a
subscribed and paid-up capital of P624.16 million following the increase in its authorized capital stock.

Philippine Pizza is also the exclusive franchisee of Taco Bell and Dairy Queen in the Philippines. It owns
and operates 145 Pizza Hut outlets three Taco Bell stores and 16 Dairy Queen restaurants in the
country. Its 7,200 customer-focused employees serve about 18 million customers every year.

Pizza Hut is the countrys leading pizza delivery store chain, delivering over two million pizzas a year. It
has put up over 140 restaurants, in the Philippines since 1984. Its locations are strategically located from
Baguio to Mindanao and are now the countrys most popular pizza restaurant, with its dine-in restaurants,
delivery units and express counters.

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To cater to the more discerning food enthusiasts, Philippine Pizza established Pizza Hut Bistro. A
breakthrough concept in dining, it offers the best of casual dining, giving diners the chance to enjoy the
best Italian-American Pizza, along with classy ambience and first-class service.

Over the past four years, Pizza Hut more than doubled its sales and was also named Franchisee of the
Year by Pizza Hut International for two straight years.

Pizza Hut's Secret of Success

The reason behind Pizza Hut's success all over the world is its steadfast belief and uncompromising drive in providing
customers the best in terms of product quality, service, cleanliness and value.

Pizza Hut pizzas are made with fresh dough baked daily and smothered with our very own Pizza Hut special tomato
sauce, tender meat toppings, crunchy vegetables and a double layer of 100% pure imported Mozzarella cheese.

Service is an attitude in Pizza Hut. Crew members are trained to make customers feel appreciated. Customers are
treated with courtesy, attentiveness, respect, and enthusiasm.

Cleanliness is a must in Pizza Hut as much as giving customers the best value for their money.

Pizza Hut Delivery: The country's pioneer and leader

The equation of Pizza Hut's secret for success sums up to customer's total satisfaction. In 1989, Pizza Hut started its
delivery service through its Restaurant Based Delivery (RBD) units located in Quad Parksquare, Greenbelt (Makati
City) and Delta, Quezon Ave. cor. West Ave. (Quezon City). The growing demand for delivery prompted the opening
of the first Delivery and Carryout (DELCO) unit in Greenhills, San Juan in 1990.

A DELCO unit is a special Pizza Hut store catering mainly to delivery and carryout patrons. It provides facilities for
carryout customers who may want to eat in the store. Today, Pizza Hut has a total of 60 DELCO, 110 Restaurants
and 3 Express Slice Counters - another Pizza Hut Innovation.

Another creation of Pizza Hut is the slice unit which caters to customers who want to avail of quick food service. This
was conceptualized precisely for people on the go, individuals who want to eat pizza without the usual waiting time.

About Pizza Hut

Pizza Hut, a subsidiary of Yum! Brands, Inc. (NYSE: YUM), delivers more pizza, pasta and wings than any other
restaurant in the world. The company began 57 years ago in Wichita, Kansas, when two brothers borrowed $600
from their mom to start a pizzeria. What started out small has become the biggest pizza company in the world and
today operates more than 15,600 restaurants in more than 90 countries serving innovative pizzas, traditional favorites
like the signature Pan Pizza, and much more

PIZZA HUT: Worlds #1 Pizza Restaurant Chain. Home to the countrys Pinaka pizza, Pizza Hut
was started in 1958 in the US by two enterprising college students, Frank & Dan Carney, in their
hometown in Wichita, Kansas and is now the Worlds No. 1 Pizza Restaurant Chain.
In the Philippines, Pizza Hut opened its first restaurant in 1984. Now, one of the leading casual
dining and delivery restaurants in the country, Pizza Hut serves more than 2.8M customers a month
in over 150 locations in as far north as Ilocos Norte to down south as General Santos.
Pizza Hut restaurants serves signature and world-famous Pan Pizza and Stuffed Crust Pizzas with a
variety of great pastas, chicken and side items in a modern contemporary casual dining setting.
Pizza Hut is the leader in the food delivery service in the country as it pioneered in the one-number
system, oven-pouch and HOT DOT technology to make sure that we deliver your orders, fresh, hot
and on time or its free!