Pizza Hut 2012 Annual Report Download - page 15

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YUM!Brands,Inc.
1441 Gardiner Lane
Louisville, Kentucky 40213
April5,2013
Dear Fellow Shareholders:
On behalf of your Board of Directors, we are pleased to invite you to attend the 2013 Annual Meeting of Shareholders
of YUM!Brands,Inc. The Annual M eeting will be held Wednesday, May15,2013, at 9:00a.m., local time, in the YUM!
Conference Center at 1900 Colonel Sanders Lane in Louisville, Kentucky.
This year we are pleased to once again take advantage of the Securities and Exchange Commission rule allowing companies
to furnish proxy materials to their shareholders over the Internet. We believe that this e-proxy process expedites shareholders’
receipt of proxy materials, while also lowering the costs and reducing the environmental impact of our Annual Meeting.
Whether or not you plan to attend the meeting, your vote is important and we encourage you to vote promptly. You may
vote your shares via a toll-free telephone number or over the Internet. If you received a paper copy of the proxy card by
mail, you may sign, date and mail the proxy card in the envelope provided. Instructions regarding the three methods of
voting are contained on the Notice or proxy card.
If you plan to attend the meeting, please bring your Notice, admission ticket from your proxy card or proof of your ownership
of YUM common stock as of March18,2013 as well as a valid picture identifi cation. Your vote is important. Whether or
not you attend the meeting, we encourage you to consider the matters presented in the proxy statement and vote as
soon as possible.
Sincerely,
DavidC. Novak
Chairman of the Board and
Chief Executive Offi cer
Important Notice Regarding the Availability of Proxy Materials for the Shareholders Meeting to Be Held on
May15,2013—this Notice and the proxy statement are available at www.yum.com/investors/investor_materials.
asp. T he Annual Report on Form10-K is available at www.yum.com/annualreport.