Nathan's Famous to Commence Dutch Auction Tender Offer to Repurchase up to 500,000 Shares of Its Outstanding Common Stock

Nathan's Famous, Inc.

today announced that it will commence mailing to its stockholders on or about December 8, 2011 a modified Dutch Auction tender offer to purchase for cash up to 500,000 shares of its common stock, $.01 par value, at a price per share of not less than $20.00 nor greater than $22.00, for a maximum aggregate purchase price of $11,000,000. The closing price of the Company's stock was $19.0999 on December 2, 2011.