Ruth's Chris Steak House, Inc. Prices Initial Public Offering

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Aug 08,2005
Ruth's Chris Steak House, Inc. Prices Initial Public Offering

NEW ORLEANS--(BUSINESS WIRE)--Aug. 8, 2005--Ruth's Chris Steak House, Inc. (Nasdaq: RUTH) today announced that it has priced its initial public offering of 13,000,000 shares of common stock at $18.00 per share.

The Company is selling 9,375,000 shares and the selling stockholders are selling 3,625,000 shares in the offering. Certain selling stockholders have also granted to the underwriters an option to purchase up to an additional 1,950,000 shares of common stock to cover over-allotments, if any.

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.

The public offering is being made only 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 DL-ProspectusDistribution@bofasecurities.com or by telephone at 646-733-4166.

A registration statement relating to these securities has been filed with and declared effective by the Securities and Exchange Commission. 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.

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 www.ruthschris.com.


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

    SOURCE: Ruth's Chris Steak House, Inc.

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