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*This figure represents the financial performance of 570 Auntie Anne’s franchised shops located inside enclosed malls (“Enclosed Mall Franchises”), obtained from the unaudited profit and loss statements submitted by Auntie Anne’s franchisees, as published in Item 19 of our March 2019 Franchise Disclosure Document (“FDD”). While there were 728 Enclosed Mall Franchises in operation at the end of fiscal year 2018, 158 Enclosed Mall Franchises were excluded from the financial performance representation because they were either not under the same ownership or not open for the entire 2018 fiscal year. This financial performance representation includes sales from 43 non-baking satellite retail units. Of the remaining 570 Enclosed Mall Franchises 249 Enclosed Mall Franchisees (or 43.7%) were at or above the average net sales of $538,175. Approximately 61% of Auntie Anne’s franchises are located in enclosed malls. You should review our FDD for details about these figures. Some outlets have sold this amount. Your individual results may differ. There is no assurance you will sell as much.

This information is not intended as an offer to sell a franchise. We will not offer you a franchise until we have complied with disclosure and registration requirements in your jurisdiction. Contact Auntie Anne’s Franchisor SPV LLC, 5620 Glenridge Drive, NE, Atlanta, GA 30342, to request a copy of our FDD. RESIDENTS OF NEW YORK: This advertisement is not an offering. An offering can only be made by a prospectus filed first with the Department of Law of the State of New York. Such filing does not constitute approval by the New York Department of Law. RESIDENTS OF MINNESOTA: MN Franchise Registration Number: F-8191.

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