RBI Recommends Shareholders Reject Ocehan's "Mini-tender Offer"

MIAMI, Sept. 19, 2025 /PRNewswire/ - Restaurant Brands International Inc. (NYSE: QSR) (TSX: QSR) ("RBI") has been notified of an unsolicited mini-tender offer made by Ocehan LLC ("Ocehan") to purchase up to 50,000 RBI common shares, or approximately 0.02% of the company's outstanding common shares, at a price in Canadian dollars of CAD $66.50 per share. RBI cautions shareholders against any potential confusion between the U.S. dollar and Canadian dollar denominated prices of our shares.  Ocehan's offer price in Canadian dollars of CAD $66.50 represents a discount of 24.81% to the TSX closing price in Canadian dollars of CAD $88.44 for RBI common shares on August 20, 2025, the last trading day before the mini-tender offer was commenced. RBI cautions shareholders that the mini-tender offer has been made at a Canadian dollar price significantly below the market price for RBI shares.

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