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Restaurant Brands urges shareholders to reject Ocehan’s ‘mini-tender offer’

Restaurant Brands (QSR) International has been notified of an unsolicited mini-tender offer made by Ocehan LLC to purchase up to 50,000 RBI common shares, or approximately 0.02% of the company’s outstanding common shares, at a price in Canadian dollars of C$66.50 per share. RBI cautions shareholders against any potential confusion between the U.S. dollar and Canadian dollar denominated prices of our shares. Ocehan’s offer price in Canadian dollars of C$66.50 represents a discount of 24.81% to the TSX closing price in Canadian dollars of C$88.44 for RBI common shares on August 20, 2025, the last trading day before the mini-tender offer was commenced. RBI cautions shareholders that the mini-tender offer has been made at a Canadian dollar price significantly below the market price for RBI shares. RBI does not endorse this unsolicited offer, has no association with Ocehan or its offer, and recommends that shareholders do not tender their shares to the offer.

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