BALANCE SHEET OF DUNKIN BRANDS GROUP INC.

December 25 , 2010

September 24, 2011 Assets Current assets: Cash and cash equivalents Accounts receivable, net of allowance for doubtful accounts of $3,890 and $5,518 as of September 24, 2011 and December 25, 2010, respectively Notes and other receivables, net of allowance for doubtful accounts of $2,471 and $2,443 as of September 24, 2011 and December 25, 2010, respectively Assets held for sale Deferred income taxes, net Restricted assets of advertising funds Prepaid income taxes Prepaid expenses and other current assets Total current assets Property and equipment, net of accumulated depreciation of $100,682 and $90,663 as of September 24, 2011 and December 25, 2010, respectively Investments in joint ventures Goodwill Other intangible assets, net Restricted cash Other assets Total assets $

181,849 39,695 7,073 1,751 12,763 26,996 19,500 289,627 185,297 181,280 888,748 1,514,246 224 70,023 3,129,445

134,100 35,239 44,704 4,328 12,570 25,113 7,641 20,682 284,377 193,273 169,276 888,655 1,535,657 404 75,646 3,147,288

Liabilities, Common Stock, and Stockholders Equity (Deficit) Current liabilities: Current portion of long-term debt Capital lease obligations Accounts payable Income taxes payable, net Liabilities of advertising funds Deferred income Other current liabilities Total current liabilities Long-term debt, net Capital lease obligations Unfavorable operating leases acquired Deferred income Deferred income taxes, net Other long-term liabilities Total long-term liabilities

14,965 225 12,598 1,400 48,459 23,475 133,530 234,652 1,472,359 4,989 22,084 19,031 563,703 79,390 2,161,556

12,500 205 9,822 48,213 26,221 183,594 280,555 1,847,016 5,160 24,744 21,326 586,337 75,909 2,560,49 2

Commitments and contingencies (note 13) Common stock, Class L, $0.001 par value; no shares authorized, issued, or outstanding at September 24, 2011; 100,000,000 shares authorized and 22,994,523 shares issued and outstanding at December 25, 2010 Stockholders equity (deficit): Common stock, $0.001 par value; 475,000,000 shares authorized and

119

840,582 42

120,157,900 shares issued and outstanding at September 24, 2011; 400,000,000 shares authorized and 42,939,360 shares issued and outstanding at December 25, 2010 Additional paid-in capital Treasury stock, at cost Accumulated deficit Accumulated other comprehensive income Total stockholders equity (deficit) Total liabilities, common stock, and stockholders equity (deficit)

1,475,495 (763,666) 21,289 733,237 $3,129,445

195,212 (1,807) (741,415) 13,627 (534,341) 3,147,288