June 27, 2013

Noodles & Company Prices Its Initial Public Offering

BROOMFIELD, Colo., June 27, 2013 (GLOBE NEWSWIRE) -- Noodles & Company (Nasdaq:NDLS) today announced the pricing of its initial public offering of 5,357,143 shares of Class A common stock at a price to the public of $18.00 per share. All of the shares in the offering are being offered by Noodles & Company. In addition, Noodles & Company has granted the underwriters a 30-day option to purchase up to an additional 803,571 shares of Class A common stock to cover over-allotments, if any. The shares are expected to begin trading on June 28, 2013 on the NASDAQ Global Select Market under the ticker symbol "NDLS." The closing of the offering is expected to occur on July 2, 2013, subject to the satisfaction of customary closing conditions.

Morgan Stanley & Co. LLC and UBS Securities LLC are acting as joint book-running managers for the offering. Merrill Lynch, Pierce, Fenner & Smith Incorporated, Jefferies LLC, Robert W. Baird & Co. Incorporated and Piper Jaffray & Co. are acting as book-running managers for the offering.

The offer is being made only by means of a prospectus. Copies of the prospectus may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, NY 10014, Attention: Prospectus Department, by telephone at (866) 718-1649 or by e‐mail at prospectus@morganstanley.com; or UBS Securities LLC, 299 Park Avenue, New York, New York 10171, or by telephone at (888) 827-7275.

A registration statement relating to shares of the Class A common stock of Noodles & Company was declared effective by the Securities and Exchange Commission on June 27, 2013. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor may there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Noodles & Company

Founded in 1995, Noodles & Company is a fast-casual restaurant chain that serves classic noodle and pasta dishes from around the world with 345 locations system wide in 26 states and the District of Columbia. Known as Your World Kitchen, Noodles & Company's globally inspired menu consists of more than 25 fresh, customizable noodle bowls, salads, soups and sandwiches that are prepared quickly using quality ingredients. From healthy to indulgent, spicy to comforting, the menu provides favorites for everyone from kids to adults. Popular dishes include the sweet and spicy Japanese Pan Noodles, zesty Pesto Cavatappi and creamy Wisconsin Mac & Cheese.

Investor Relations


Media
Liz DiTrapano
(646) 277-1226


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