CKE Press Release

January 15, 2015

CARL’S JR. HONORS FOUNDERS BY OFFERING UP TO $60,000 IN SCHOLARSHIPS

CARPINTERIA, Calif.--(BUSINESS WIRE)--Carrying on its commitment to advanced education, Carl’s Jr.® is pleased to announce the kickoff of the 16th annual Carl N. and Margaret Karcher Founders’ Scholarship program today. Carl’s Jr. will award up to 60 deserving students a $1,000 scholarship each toward attending the two- or four-year college or vocational school of their choice this upcoming academic year. The scholarship application is now available at www.carlsjr.com/scholarship. Submissions must be postmarked by Feb. 15, 2015 for consideration.

Carl’s Jr. founder Carl N. Karcher and his wife Margaret established the scholarship program in 1999 to reward hardworking youth. The Karchers started Carl’s Jr. as a young married couple in 1941, believing they could earn success through their commitment to faith, service and hard work. Now, more than 70 years later, Carl’s Jr. is proud to honor the late founders’ commitment to the community and the people its restaurants serve with the annual scholarship program. Since the inception of the program, Carl’s Jr. has granted $700,000 in scholarships.

Scholarship winners will be selected based on academic record, school and community leadership and participation, work experience and future goals. Financial need and other family circumstances also will be considered. In economic tough times, scholarship programs like this are invaluable to the community. Giving back to hardworking youth in need is part of the core values of Carl’s Jr.

Applicants for the Carl N. and Margaret Karcher Founders’ Scholarship must be high school seniors or graduates, age 21 or younger, who are planning to enroll for the first time at an accredited two- or four-year college or vocational school for the entire upcoming academic year. Applicants must be residents of the states in which Carl’s Jr. operates restaurants: Alaska, Arizona, California, Colorado, Hawaii, Idaho, Louisiana, Nevada, New Mexico, Oklahoma, Oregon, Texas, Utah or Washington.

Complete information about the Carl N. and Margaret Karcher Founders’ Scholarship application process and a downloadable application are available on the Carl’s Jr. website at www.carlsjr.com/scholarship.

The Carl N. and Margaret Karcher Founders’ Scholarship is administered by Scholarship Management Services®, a division of Scholarship America®. Scholarship Management Services is the nation’s largest designer and manager of scholarship and tuition reimbursement programs for corporations, foundations, associations and individuals. Employees, affiliates and franchisees of Carl Karcher Enterprises LLC, Scholarship America, affiliated agencies and their immediate families are not eligible to receive a scholarship pursuant to this program.

About CKE Restaurants Holdings, Inc.

CKE Restaurants Holdings, Inc. (“CKE”) is a privately held company headquartered in Carpinteria, Calif. Through its subsidiaries, CKE owns and licenses Carl’s Jr.® and Hardee’s® quick-service restaurants. CKE operates Carl’s Jr. and Hardee’s as one brand under two names acknowledging the regional heritage of both banners. CKE has a total of 3,551 franchised or company-operated restaurants in 42 states and 33 foreign countries and U.S. territories. Known for its one-of-a-kind premium menu items such as 100 percent Black Angus Thickburgers®, Made from Scratch™ Biscuits, Hand-Breaded Chicken Tenders™ and Fresh Baked Buns, as well as an award-winning marketing approach, the Carl’s Jr./Hardee’s brand continues to deliver substantial and consistent growth in the U.S. and overseas. The Carl’s Jr./Hardee’s system is now 78 percent franchised, with international restaurants representing 18 percent of the system. For more information about CKE, please visit www.ckr.com or its brand sites at www.carlsjr.com and www.hardees.com.