An anonymous director reports

RBI RECOMMENDS SHAREHOLDERS REJECT OCEHAN'S "MINI-TENDER OFFER"

Restaurant Brands International Inc. has been notified of an unsolicited minitender offer made by Ocehan LLC to purchase up to 50,000 RBI common shares, or approximately 0.02 per cent of the company's outstanding common shares, at a price of $66.50 (Canadian) 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 $66.50 represents a discount of 24.81 per cent to the Toronto Stock Exchange closing price in Canadian dollars of $88.44 for RBI common shares on Aug. 20, 2025, the last trading day before the minitender offer was commenced. RBI cautions shareholders that the minitender offer has been made at a Canadian dollar price significantly below the market price for RBI shares.

RBI does not endorse this unsolicited offer, has no association with Ocehan or its offer, and recommends that shareholders do not tender their shares to the offer.

Comments from the CSA on minitenders can be found on the Ontario Securities Commission website and the U.S. Securities and Exchange website.

Ocehan has made similar unsolicited minitender offers for shares of other public companies in Canada.

About Restaurant Brands International Inc.

Restaurant Brands is one of the world's largest quick service restaurant companies with over $45-billion in annual system-wide sales and over 32,000 restaurants in more than 120 countries and territories. Its brands include Tim Hortons, Burger King, Popeyes and Firehouse Subs.