Yum! Brands Inc. Reports Second-Quarter 2008 EPS of $0.45 per share

Yum! Brands Inc. (NYSE: YUM) today reported results for the second

quarter ended June 14, 2008.

SECOND-QUARTER HIGHLIGHTS

Very strong system-sales growth of +43% in mainland China and +15% in Yum! Restaurants International (YRI), fueled by broad-based unit development, same-store-sales growth, and favorable foreign currency translation.

Worldwide same-store-sales growth of +4%, including +14% in mainland China, +4% in YRI, and +2% in the U.S. (all figures are system-wide).

Operating profit growth of +38% in China Division and +18% in YRI, with a 12% decline in the U.S.

Lower effective tax rate versus prior year.

Increased quarterly dividend by 27% with our yield now about 2%
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