Einstein Noah Stock Sale

Einstein Noah Restaurant Group, Inc. today announced the pricing of the previously announced underwritten secondary public offering of 2.5 million shares of its common stock by funds and accounts managed by Greenlight Capital, Inc. and its affiliates. The Company is not selling any shares and will not receive any proceeds from the offering.

Morgan Stanley is acting as the sole underwriter for the offering. The offering is expected to close on or about November 18, 2013, subject to customary closing conditions.

The offering is being made pursuant to an effective shelf registration statement. The offering may be made solely by means of a prospectus supplement and accompanying prospectus.

Copies of the prospectus supplement and accompanying prospectus may be obtained from: Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014. You may also obtain these documents free of charge by visiting the Securities and Exchange Commission’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

November 13, 2013