Ponderosa & Bonanza Steakhouses Remain Open Thanksgiving Day

A Premium Holiday Buffet will be Offered at Ponderosa & Bonanza Steakhouse at Select Locations Nationwide

NASDAQ: FAT. FAT (Fresh. Authentic. Tasty.) Brands Inc. ("FAT Brands" or the "Company"), parent company of Ponderosa Steakhouse and Bonanza Steakhouse, known for serving classic, all-American cuisine for more than 50 years and offering a family-friendly atmosphere, is pleased to announce participating locations will be open for Thanksgiving Day. In celebration, Ponderosa and Bonanza Steakhouses will be offering a holiday buffet with Thanksgiving staples for guests to enjoy.

Families across the country are invited to Ponderosa Steakhouse and Bonanza Steakhouses to try the delicious limited-time holiday buffet, featuring Thanksgiving fan-favorites such as cooked to perfection turkey, creamy mashed potatoes, stuffing and a variety of other holiday favorites. Simply call your local Ponderosa or Bonanza.

"Every year at Ponderosa and Bonanza Steakhouses, we look to provide our communities with a special and delicious Thanksgiving meal that they can enjoy with their families," said Gregg Nettleton, President & COO Casual Dining Division of FAT Brands. "We're always thrilled to have the opportunity to give back to our communities with classic eats on Thanksgiving Day."

For more information on these select holiday offerings, please contact your local restaurant to confirm menu items. For more information on Ponderosa Steakhouse and Bonanza Steakhouse, please visit www.pon-bon.com.

Fresh. Authentic. Tasty. Brands

FAT Brands FAT is a leading global franchising company that strategically acquires, markets and develops fast casual and casual dining restaurant concepts around the world. The Company currently owns eight restaurant brands: Fatburger, Buffalo's Cafe, Buffalo's Express, Hurricane Grill & Wings, Elevation Burger, Yalla Mediterranean and Ponderosa and Bonanza Steakhouses, and franchises over 380 units worldwide.

About Ponderosa and Bonanza Steakhouses

Known for offering family-friendly atmospheres, the Ponderosa Steakhouse and Bonanza Steakhouse brands have been serving American cuisine for more than 50 years. With 96 locations open and under development, the chain of restaurants offers delicious, flame-grilled steaks and entrees along with a high-quality buffet featuring an endless selection of salads, soups, appetizers, vegetables, and desserts at affordable prices.

Safe Harbor Statement

This news release may contain "forward-looking" statements. These forward-looking statements are only predictions and are subject to certain risks, uncertainties and assumptions that could cause actual results to differ from those in the forward looking-statements. Potential risks and uncertainties include such factors as uncertainty of consumer demand for the Company's products, as well as additional risks and uncertainties that are identified and described in Company's SEC reports. Actual results may differ materially from the forward-looking statements in this press release. Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company does not undertake, and it specifically disclaims, any obligation to update any forward-looking statements to reflect occurrences, developments, events or circumstances after the date of such statement.

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