FirmAnalyst
A.G. Edwards & Sons, Inc.Jack P. Russo
Banc of America SecuritiesAndrew M. Barish
Bear StearnsJoseph T. Buckley
Buckingham Research GroupMark Kalinowski
CIBC World Markets Corp.John S. Glass
CitigroupGlen Petraglia
Friedman, Billings, Ramsey & CompanyAshley Reed-Woodruff
Goldman SachsSteven Kron
J.P. MorganJohn W. Ivankoe
Key Bank Capital Markets
a division of McDonald Investments Inc.
Dennis Forst
Lehman BrothersJeffrey Bernstein
Merrill LynchRachael Rothman
Morgan StanleyMark Wiltamuth
RBC Capital MarketsLarry Miller
SG Cowen Securities Inc.Paul L. Westra
UBS EquitiesDavid Palmer
US Bancorp Piper JaffrayNicole Miller
Wachovia Securities Jeffrey F. Omohundro

Yum! Brands, Inc. is followed by the analysts listed above. Please note that any opinions, estimates or forecasts regarding Yum! Brands, Inc.'s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Yum! Brands, Inc. or its management. Yum! Brands, Inc. does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

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