BK Prices Secondary Sale

Burger King Holdings Inc. (NYSE: BKC) has priced a secondary public offering of 18 million common shares at $25 per share, or $450 million million in proceeds. The sellers were Bain Capital, Goldman Sachs and TPG Capital, which held a combined 79 million common shares prior to the offering, or a 58% position. Following the offering, the firms' combined stake was expected to be reduced to 41%, or 38% if over-allotment options are fully exercised.

Burger King Holdings Inc. (NYSE:BKC) today announced the pricing of a secondary offering of 18 million shares of its common stock being offered by certain selling shareholders at a price to the public of $25.00 per share.

In addition, the selling shareholders have granted the underwriters an option to purchase up to an additional 2.7 million shares of common stock. The selling shareholders are private equity funds controlled by TPG Capital, the Goldman Sachs Funds, Bain Capital Partners and certain charities that received shares of common stock from Bain Capital Partners or its affiliates. Burger King Holdings will not receive any proceeds from the sale.

The shares are being offered through Goldman, Sachs & Co., J.P. Morgan Securities Inc. and Morgan Stanley & Co. Inc., as joint book-running managers for the offering, and Banc of America Securities LLC, Bear, Stearns & Co. Inc., Citigroup Global Markets Inc., Wachovia Capital Markets LLC and The Williams Capital Group L.P. as co-managers of the offering.

This release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The shares of common stock offered by the selling shareholders are registered pursuant to the Company's automatic shelf registration statement which became effective upon filing with the Securities and Exchange Commission. The offering is being made by means of a prospectus supplement and an accompanying base prospectus, copies of which may be obtained by contacting any of the following book-running managers: