Investor Presentaiton

CONSISTENTLY RETURNING EXCESS CAPITAL TO SHAREHOLDERS Denny's Over $270 Million Allocated Towards Share Repurchases Since We Started to Return Excess Capital to Shareholders in Late 2010* • Nearly $60 million allocated to SHARE REPURCHASES ($ Millions) repurchase shares in 2016, including $25 million accelerated share repurchase program • Over $270 million allocated to repurchase shares since November 2010* • $79 million remaining in share repurchase authorization program* $105.8 $58.7 $36.0 $24.7 $21.6 $22.2 $3.9 Q4 '10 2011 2012 2013 2014 2015 2016 * Data as of December 28, 2016, the end of Fiscal Fourth Quarter 2016, and includes the $25 million accelerated share repurchase program. 23 23

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