AFC Announces Secondary Offering of Common Stock for Equity Sponsor

ATLANTA, March 15, 2006 - AFC Enterprises, Inc. (Nasdaq: AFCE) the franchisor and operator of Popeyes® Chicken & Biscuits, today announced the planned sale of 2,842,615 shares by affiliates of Freeman Spogli & Co., an investment firm whose affiliates have owned shares of the company for 10 years, in an underwritten secondary offering.

The selling stockholders have also granted Credit Suisse Securities (USA) LLC, as underwriter, a 30-day option to purchase an additional 425,000 shares. The offering is expected to close on Monday, March 20, 2006 and, if the underwriter's option is exercised in full, will complete the sale of all shares owned by the Freeman Spogli affiliates.

Neither the Company nor management has registered for sale any of their shares of common stock under this offering. Accordingly, the Company and management will not receive any proceeds from the public offering.

Full details of the offering, including a description of the offering and certain risk factors relating to it, are contained in a prospectus supplement, which may be obtained from Credit Suisse Securities (USA) LLC, Prospectus Department, One Madison Avenue, New York, New York 10010.

King & Spalding LLP represented the Company in the offering and Credit Suisse Securities (USA) LLC was represented by Cahill Gordon & Reindel LLP, New York. O'Melveny & Myers LLP, New York, represented the Freeman Spogli affiliates.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

Corporate Profile

AFC Enterprises, Inc. is the franchisor and operator of Popeyes® Chicken & Biscuits, the world's second-largest quick-service chicken concept based on number of units. As of February 19, 2006, Popeyes had 1,830 restaurants in the United States, Puerto Rico, Guam and 25 foreign countries. AFC has a primary objective to be the world's Franchisor of Choice® by offering investment opportunities in its Popeyes Chicken & Biscuits brand and providing exceptional franchisee support systems and services. AFC Enterprises can be found on the World Wide Web at http://www.afce.com.

AFC Contact Information Cheryl Fletcher, Director, Finance & Investor Relations (404) 459-4487 or investor.relations@afce.com

Forward-Looking Statement: Certain statements in this release, and other written or oral statements made by or on behalf of AFC or its brand are "forward-looking statements" within the meaning of the federal securities laws. Statements regarding future events and developments and our future performance, as well as management's current expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: competition from other restaurant concepts and food retailers, the loss of franchisees and other business partners, labor shortages or increased labor costs, increased costs of our principal food products, changes in consumer preferences and demographic trends, as well as concerns about health or food quality, instances of avian flu or other food-borne illnesses, the need to continue to improve our internal controls, adverse effects on operations from Hurricane Katrina, the Company's ability to recover related losses from its insurers and the economic impact on consumer spending in markets affected by Katrina, the loss of senior management and the inability to attract and retain additional qualified management personnel, limitations on our business under our 2005 Credit Facility, failure of our franchisees, a decline in the number of franchised units, a decline in our ability to franchise new units, slowed expansion into new markets, unexpected and adverse fluctuations in quarterly results, increased government regulation, adverse effects of regulatory actions arising in connection with the restatement of our previously issued financial statements, effects of increased gasoline prices, general economic conditions, supply and delivery shortages or interruptions, currency, economic and political factors that affect our international operations, inadequate protection of our intellectual property and liabilities for environmental contamination and the other risk factors detailed in our 2005 Annual Report on Form 10-K and other documents we file with the Securities and Exchange Commission. Therefore, you should not place undue reliance on any forward- looking statements.

Source: AFC Enterprises, Inc.

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