020742 Red Robin Gourmet Burgers IPOJuly 20, 2002Greenwood Village, CO - Red Robin Gourmet Burgers, Inc. announced the pricing of its initial public offering of 4,000,000 primary shares of common stock at $12 per share. These securities will trade on the Nasdaq under the symbol "RRGB". Banc of America Securities LLC acted as book-running manager for the offering. U.S. Bancorp Piper Jaffray acted as co-lead manager and Wachovia Securities acted as co- manager. Some of our stockholders are selling 1,038,000 shares of common stock in the offering and have granted the underwriters an option to purchase up to 755,700 additional shares of common stock to cover over-allotments, if any. Red Robin will not receive any proceeds from the sale of shares by the selling stockholders in the offering or from the underwriters' purchase of the over-allotment shares. A registration statement relating to these securities was filed and declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell nor a solicitation to buy nor shall there be any sale 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. A written prospectus related to this offering may be obtained from: * Banc of America Securities LLC * 600 Montgomery Street * San Francisco, CA 94111 * (415) 627-2000 Red Robin, founded in 1969, is a casual dining restaurant chain focused on serving an imaginative selection of high quality gourmet burgers in a family-friendly atmosphere. Red Robin serves gourmet burgers in a variety of recipes with bottomless fries, as well as many other items including salads, soups, appetizers, entrees, desserts, and its signature Mad Mixology specialty beverages. Red Robin owns and operates 91 restaurants in 12 states, and has 98 additional restaurants operating under franchise or license agreements in 18 States and Canada.
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