Ruth's Chris Steak House, Inc. Announces Completion of Initial Public Offering and Exercise of Over-Allotment Option

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Aug 12,2005
Ruth's Chris Steak House, Inc. Announces Completion of Initial Public Offering and Exercise of Over-Allotment Option

NEW ORLEANS, Aug 12, 2005 (BUSINESS WIRE) -- Ruth's Chris Steak House, Inc. (Nasdaq: RUTH) today announced that it has completed its initial public offering of 13,000,000 shares of common stock at $18.00 per share, of which 9,375,000 were sold by Ruth's Chris and 3,625,000 were sold by the selling stockholders. Ruth's Chris also announced that the underwriters have exercised their over-allotment option in full to purchase from certain selling stockholders an additional 1,950,000 shares at the public offering price of $18.00 per share, less underwriting discounts and commissions.

Banc of America Securities LLC and Wachovia Securities served as joint book-running managers of the offering. Goldman, Sachs & Co., served as co-lead manager and RBC Capital Markets, CIBC World Markets, SG Cowen & Co. and Piper Jaffray served as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 8, 2005. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

The public offering is being made by means of a prospectus. Copies of the final prospectus may be obtained by contacting Banc of America Securities Capital Markets Operations (Prospectus Fulfillment) at or by telephone at 646-733-4166.

Headquartered in New Orleans, Ruth's Chris Steak House, Inc. is one of the largest upscale steak house companies in the U.S., as measured by the total number of company-owned and franchise-owned restaurants, with 88 locations worldwide. Founded in 1965 by Ruth Fertel, Ruth's Chris specializes in USDA Prime grade steaks served in Ruth's Chris signature fashion - "sizzling" and topped with seasoned butter. Information about Ruth's Chris is available at

SOURCE: Ruth's Chris Steak House, Inc.

Investor Relations:
Tom Ryan/Don Duffy, 203-682-8200
John Flanagan, 203-682-8200

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