Yum! Brands Is Suspending Operations of KFC Company-Owned Restaurants in Russia; Finalizing Agreement to Suspend All Pizza Hut Restaurant Operations in Russia

Yum! Brands is suspending operations of KFC company-owned restaurants in Russia and finalizing an agreement to suspend all Pizza Hut restaurant operations in Russia, in partnership with its master franchisee. This action builds on our decision to suspend all investment and restaurant development in Russia and redirect all profits from operations in Russia to humanitarian efforts.

Those humanitarian efforts include a $1 million donation from the Yum! Brands Foundation to the Red Cross to support those affected by the crisis, activating the Yum! Disaster Relief Fund to support Ukrainian franchise employees, and matching donations from employees to the following charities providing relief in Ukraine: UNICEF, Red Cross, World Food Programme and International Rescue Committee. In addition, our franchisees in the surrounding regions are providing food for refugees.

As always, we remain focused on the safety of our people in the region and will continue to support our teams in Ukraine while evaluating the ways Yum! Brands can make a positive impact in the region.