Centerbridge Partners to Extend Offer to Acquire P.F. Chang's China Bistro, Inc.

In connection with the previously announced agreement to acquire P.F. Chang's China Bistro, Inc.

(“P.F. Chang's” or the “Company”), Centerbridge Partners, L.P. and P.F. Chang's today announced that Wok Acquisition Corp. has extended the expiration of its tender offer to acquire all of the outstanding shares of P.F. Chang's common stock for $51.50 net per share in cash, without interest and less any required withholding taxes, to 5:00 p.m., New York City time, on Wednesday, June 20, 2012, unless further extended. The tender offer was previously scheduled to expire at midnight, New York City time, at the end of Tuesday, June 12, 2012. All other terms and conditions of the tender offer remain unchanged, including, without limitation, the tender of at least 83% of the outstanding shares of P.F. Chang's. The tender offer is being extended, with the consent of P.F. Chang's, in connection with the planned syndication of the debt financing as described in the terms of the tender offer materials. The depositary for the tender offer has advised that, as of the close of business on June 7, 2012, a total of approximately 903,207 shares of P.F. Chang's common stock were validly tendered and not properly withdrawn in the tender offer.