Einstein Noah Restaurant Group Announces Quarterly Cash Dividend of $0.125 Per Share

LAKEWOOD, Colo. - (BUSINESS WIRE) - Aug. 2, 2012 - Einstein Noah Restaurant Group, Inc. (NASDAQ: BAGL), a leader in the quick-casual segment of the restaurant industry operating primarily under the Einstein Bros.® Bagels, Noah's New York Bagels®, and Manhattan Bagel® brands, announced that its Board of Directors has declared a quarterly cash dividend of $0.125 per share, payable on October 15, 2012 to stockholders of record as of September 1, 2012.

As of August 2, 2012, Einstein Noah Restaurant Group, Inc. had approximately 16.9 million shares of common stock outstanding.

About Einstein Noah Restaurant Group

Einstein Noah Restaurant Group, Inc. is a leading company in the quick casual restaurant industry that operates and licenses locations primarily under the Einstein Bros.® and Noah's New York Bagels® brands and primarily franchises locations under the Manhattan Bagel® brand. The Company's retail system consists of over 780 restaurants in 39 states and the District of Columbia. It also operates a dough production facility. The Company's stock is traded on the NASDAQ under the symbol BAGL. Visit www.einsteinnoah.com for additional information.

Source: Einstein Noah Restaurant Group, Inc.

Contacts:

Investor Relations

Tom Ryan
203-682-8200
tryan@icrinc.com

Raphael Gross
203-682-8253
rgross@icrinc.com

Media Relations

Michael Fox
203-682-8200
mfox@icrinc.com

Liz Brady
646-277-1226
lbrady@icrinc.com

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