Triarc Declares Regular Quarterly Cash Dividends

ATLANTA--(BUSINESS WIRE)--Triarc Companies, Inc. (NYSE: TRY; TRY.B), the parent company of the Arby's® restaurant system, announced the declaration of its next regular quarterly cash dividend of $0.08 per share on its Class A Common Stock and $0.08 per share on its Class B Common Stock, Series 1. The record date for the regular quarterly cash dividends is September 19, 2008 and the payment date is October 3, 2008.

The Certificate of Designation for the Class B Common Stock provides that the Class B Common Stock was entitled, through September 4, 2006, to receive regular quarterly cash dividends that are at least 110% of any regular quarterly cash dividends that are paid on the Class A Common Stock. Since September 4, 2006, Triarc's Board of Directors has continued to declare regular quarterly cash dividends at that higher rate on the Class B Common Stock.

Triarc's Board has now determined that the Company will pay the current fiscal quarter cash dividends on Class B Common Stock at 100% of the Class A Common Stock quarterly cash dividend per share. As previously announced in connection with the Company’s pending merger with Wendy’s, the Company’s stockholders will be asked to eliminate the dual stock structure and convert the Class B Common Stock into Class A Common Stock on a share-for-share basis.

The Certificate of Designation for the Class B Common Stock also provides that the Class B Common Stock is entitled to 1/10 vote per share. In addition, the Class B Common Stock is entitled to a $0.01 per share preference in the event of any liquidation or winding-up of Triarc and, after each share of Class A Common Stock receives $0.01 per share, will share ratably with the Class A Common Stock in the remaining assets of Triarc. Neither the Class B Common Stock nor Triarc's currently outstanding Class A Common Stock are convertible into the other class of common stock.

As of July 31, 2008, Triarc had 28,952,771 shares of Class A Common Stock outstanding and 63,081,445 shares of Class B Common Stock, Series 1, outstanding.

Triarc is a holding company and, through its subsidiary Arby’s Restaurant Group, Inc., is the franchisor of the Arby’s restaurant system. Arby’s is the second largest restaurant franchising system in the sandwich segment of the quick service restaurant industry. As of June 29, 2008, there were a total of 3,719 Arby’s restaurants in the system, including 1,169 Company-owned and 2,550 franchised locations.

NOTES TO PRESS RELEASE

1. There can be no assurance that any additional regular quarterly dividends will be declared or paid, or of the amount or timing of such dividends, if any.

2. Each share of Class B Common Stock, Series 1, is entitled to at least 100% of any regular quarterly cash dividend paid on each share of Class A Common Stock. Our Board of Directors has not yet made any determination of the relative amounts of any regular quarterly cash dividends that will be paid on the Class A Common Stock and Class B Common Stock, Series 1, after the current fiscal quarter.

Triarc Companies, Inc.
Kay Sharpton, 678-514-5292