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March 2012

BRS Successfully Exits Investment in Ruth’s Hospitality Group

NEW YORK, March 9, 2012 -- Bruckmann, Rosser, Sherrill & Co. (“BRS”), a New York-based private equity firm, announced today the successful sale of its convertible preferred stock investment in Ruth’s Hospitality Group, Inc. (Nasdaq: RUTH) (“Ruth’s Hospitality” or the “Company”). Ruth’s Hospitality repurchased the convertible preferred stock in a transaction valued at $60.2 million. BRS realized a gross multiple of invested capital of approximately 2.6x and a gross internal rate of return of 60%...