Tranche Update on Denny's Corporation's Equity Buyback Plan announced on December 2, 2019.

Denny's Corporation is a franchised full-service restaurant brand. The Company owns and operates the Denny’s brand (Denny’s) and the Keke’s Breakfast Cafe brand (Keke’s). It operates in two segments: Denny’s and Keke’s. The Company has approximately 1,631 restaurants, 1,558 of which were franchised/licensed restaurants and 73 of which were company operated. Denny’s brand consists of approximately 1,573 franchised, licensed and company restaurants around the world, including 1,445 restaurants in the United States and 166 international restaurant locations. Denny’s offers a range of selection of lunch and dinner items, including entrees, burgers, sandwiches and salads, along with an assortment of appetizers and desserts. It has four dayparts, breakfast, lunch, dinner and late night. Keke's is a daytime eatery dedicated to providing a breakfast experience. Keke’s brand consists of approximately 58 franchised and company restaurants. It also serves burgers, paninis, salads, and sandwiches.