Carrols Restaurant Group, Inc. Signs Agreements to Purchase 64 BURGER KING Restaurants in Tennessee, Indiana and Illinois

August 22, 2014

Carrols Restaurant Group, Inc. (“Carrols” or the “Company”) (Nasdaq:TAST) today announced that on August 22, 2014 it signed definitive agreements to purchase 64 BURGER KING restaurants from certain subsidiaries of Heartland Food LLC for a total cash purchase price of approximately $18.0 million excluding inventory. The restaurants to be acquired are located in or around the following markets: Nashville, TN (27 restaurants), Springfield, IL (11 restaurants), Terre Haute, IN (15 restaurants), Evansville, IN (7 restaurants), and other nearby markets (4 restaurants).