American Stock Transfer & Trust

As the stock transfer agent for YUM Brands, Inc., we realize that we play an important role for you, the shareholder, in many ways. We interact with you every time you transfer shares, lose your stock certificate, participate in YUM Direct or need general shareholder information. We send your annual meeting and proxy materials, tally your votes and issue your Form 1099 at tax time. When you have a question or concern regarding your YUM holdings, you want to know that your needs will be addressed — promptly, courteously, and accurately. The following information describes how you can communicate and transact business with American Stock Transfer and Trust Company (AST).

Our Web site, www.amstock.com, offers the following online resources:

General Shareholder Information

· Frequently Asked Questions

A valuable resource listing the most commonly asked shareholder questions (including address changes, replacement of lost certificates and checks, etc.).

· Frequently Asked Tax Questions

Information regarding tax filings and the various statements sent by AST, presented in question-and-answer format.

· Forms Available for Download

Print commonly used forms (e.g., W-9 tax certification, stock power for stock transfers, generic letter of transmittal, etc.).

· Transfer Instructions

Instructions on transferring securities to a new registered name. This area also includes a detailed listing of documents that must be submitted to AST.

· Merger Activity and Updates

View up-to-date information on pending mergers, exchanges, tenders and other corporate actions.

Shareholder Account Access*
· Access your account information	· Replace a lost check
· Change your mailing address	· View certificate detail
· Receive company mailings via e-mail	· Replace a certificate
· View outstanding checks	· Combine identical accounts
· View direct-stock-purchase history	· Retrieve a duplicate Form 1099

YUM Direct Investment Transactions
· Purchase shares	· Sell plan shares held by AST*
· Set up recurring monthly purchases	· Request a certificate*

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* Your account number, which is noted in all AST and prior EquiServe correspondence, is required to access this area of the Web-site.

Telephone Inquiries

To contact our Shareholder Service Department, you may dial our toll-free number, 1-888-439-4YUM. Your telephone call will be answered by our Automated Telephone System 24 hours a day, 365 days a year. We have presented below the mapping of our Automated Telephone System so you can rapidly access your desired service. Please note that you must have your account number to perform all transactions under Option 6. Your account number is printed on all correspondence from AST.