Einstein Noah Restaurant Group Grants 63,776 Restricted Shares to Chief Executive Officer

Lakewood, Colo., (BUSINESS WIRE) -- Einstein Noah Restaurant Group (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating primarily under the Einstein Bros.(R) Bagels, Noah's New York Bagels(R), and Manhattan Bagel(R) brands, today announced that Jeffrey J. O'Neill, in connection with his employment as Chief Executive Officer of the Company, has been granted 63,776 restricted shares of the Company's common stock. The shares will vest in equal annual installments over three years and have a market value of $375,000, based on the closing price of the Company's common stock on January 9, 2009, the effective date of the grant. About Einstein Noah Restaurant Group

Einstein Noah Restaurant Group is a leading company in the quick casual restaurant industry that operates locations primarily under the Einstein Bros.(R) Bagels and Noah's New York Bagels(R) brands and primarily franchises locations under the Manhattan Bagel(R) brand. The company's retail system consists of more than 600 restaurants, including more than 100 license locations, in 36 states plus the District of Columbia. It also operates a dough production facility. The company's stock is traded under the symbol BAGL.

SOURCE: Einstein Noah Restaurant Group

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