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Buffets, Inc. Extends the Closing Date of its Original Roadhouse Grill Sale.

Business Wire

| March 27, 2003 | COPYRIGHT 2003 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Business Editors

EAGAN, Minn.--(BUSINESS WIRE)--March 27, 2003

Buffets, Inc. announced that the sale of its 13 Original Roadhouse Grill restaurants will be deferred until certain transaction contingencies are satisfied on or before June 25, 2003. The prospective purchaser has requested this additional time in order to obtain necessary landlord consents, liquor license transfers, and to satisfy other preconditions to closing. The parties are currently negotiating the terms of this extension and expect to reach agreement by Friday, April 4, 2003.

The following is a Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:

Information describing anticipated events involving the Roadhouse Grill sale represent forward-looking statements subject to ...

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Source: HighBeam Research, Buffets, Inc. Extends the Closing Date of its Original Roadhouse...

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