Yum! Brands Foundation Commits Half-Million-Dollars to Build Muhammad Ali Center; Promotes Diversity and Conflict Resolution.

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LOUISVILLE, Ky.--(BUSINESS WIRE)--March 26, 2003

Yum! Brands Foundation announced today a half-million dollar, multi-year partnership with The Muhammad Ali Center for the Advancement of Humanity Worldwide, based in Louisville, KY.

The Center will be an international cultural and educational institution inspired by the values and worldwide influence of Muhammad Ali. The Center is being created to make a positive difference in the world by inspiring personal growth and respect for shared humanity. It will also encourage people of all ages to achieve their dreams and strive for greatness.

"The Yum! Brands Foundation is proud to support the Muhammad Ali Center, especially during this time of global conflict," said David C. Novak, Chairman and CEO, Yum! Brands, Inc. "The Ali Center's aim, to bring people of all cultures together and resolve differences, is both timely and consistent with our global culture of actively developing a workforce that is diverse in style and background," said Novak.

Nearly 50% of Yum! Brands' employees are women, including KFC's President, Cheryl Bachelder, and over 50% are minorities, including two of its senior-most leaders, Aylwin Lewis, Yum! Brands President, Chief Multibranding and Operating Officer, and Steve Davis, President of Long John Silver's.

The Company actively promotes diversity and cultural sensitivity with mentoring programs, on-line tool-kits and requires that diversity candidates are considered for all new employment positions. Additionally, the Company has significantly increased its supplier spending with minority and women business enterprises.

Yum! Brands Foundation's commitment will allow the Louisville-based Muhammad Ali Center to:

-- Promote diversity training including sensitivity training and conflict resolution.

-- Prepare for the initial construction of the Muhammad Ali Center's 93,000-square-foot, six-level headquarter building including: 24,000 square-feet of exhibit space; educational facilities; auditorium; interactive multimedia learning experiences; exploratory theme-based pavilions; library; retail shop and cafe.

-- Develop online and community-based cultural and educational programming focusing on conflict resolution, diversity and multicultural training and personal growth.

-- Continue to preserve and share the legacy and ideals of Muhammad Ali to promote respect, hope and understanding, and to inspire adults and children everywhere to be as great as they can be.

"For many years, Muhammad and I have dreamed of creating a place to share, teach, and inspire people to be their best and to pursue their dreams," said Lonnie Ali, Muhammad Ali's wife. "With the support of Yum! Brands Foundation, the Muhammad Ali Center will be able to continue developing facilities and programs that promote diversity, social responsibility, respect and personal growth for people of all ages, colors, races and nationalities."

According to Michael J. Fox, President and CEO of the Muhammad Ali Center, the Yum! Brands Foundation grant is among the largest contributions in the Center's history and marks a huge milestone for our fundraising efforts.

"We're excited by the Yum! Brands Foundation contribution to help us build our headquarters and develop our global cultural programs," said Fox.

The Muhammad Ali Center for the Advancement of Humanity Worldwide will draw on non-traditional museum experiences, interactive technology, multimedia theatre, partnering institutions, and most importantly, the ideals of Muhammad Ali, in order to make a positive difference in the world by inspiring personal growth and respect for our shared humanity. Construction on the Muhammad Ali Center is scheduled to begin this summer with planned completion in late 2004.

Yum! Brands Foundation is a 501(c)3 not-for-profit organization. The Foundation's goal is to make a difference in the lives of Yum! Brands customers and families by giving back to the community. While the foundation financially supports hundreds of charities across the globe, its efforts are primarily focused on nourishing the bodies, minds and souls of children in need. The Foundation accomplishes this through programs dedicated to hunger relief, day-care subsidies, reading incentives and mentoring at-risk teens. Programs include, Yum! Harvest, Pizza Hut's BOOK IT!, KFC's Colonel's Kids and Taco Bell's TEENSupreme programs.

Yum! Brands, Inc., based in Louisville, Kentucky is the world's largest restaurant company in terms of system units with nearly 33,000 restaurants in more than 100 countries and territories. Four of the company's restaurant brands - KFC, Pizza Hut, Taco Bell and Long John Silver's - are the global leaders of the chicken, pizza, Mexican-style food and quick service seafood categories, respectively. Since 1919, A&W All-American Food has been serving a signature frosty mug root beer float and All-American pure-beef hamburgers and hot dogs, making it the longest running quick service franchise chain in America. In 2002, the Company changed its name to Yum! Brands, Inc. from Tricon Global Restaurants, Inc., to reflect its expanding portfolio of brands and its ticker symbol on the New York Stock Exchange.

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