MTY FOOD GROUP INC. ANNOUNCES PROMOTION OF NIK RUPP TO GENERAL MANAGER OF PAPA MURPHY’S DIVISION

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Montreal, April 21, 2022 /CNW Telbec/ – MTY Food Group Inc. (“MTY” or the “Company”) (TSX: MTY), franchisor and operator of multiple restaurant concepts around the world, today announced that Mr. Nik Rupp was promoted to Chief Operating Officer, Papa Murphy’s Division.

Mr. Rupp joined Papa Murphy’s in 2018 as Chief Financial Officer and later as Executive Vice President, Finance following the transaction with MTY in May 2019. During his tenure at Papa Murphy’s and MTY, he oversaw the strategy development, financial planning, accounting, supply chain, procurement, tax and treasury for Papa Murphy’s and, for the past two years, accounting and tax for MTY Franchising UNITED STATES, Inc. and its subsidiaries. He becomes MTY’s fifth chief operating officer, joining Marie-Line Beauchamp, Jason Brading, Marc Benzacar and Jeff Smith.

“Since the acquisition of Papa Murphy’s, the division has been led by an incredible five-member committee, including Mr. Rupp. Now is the time to appoint a leader for the group,” said Eric Lefebvre, Chairman and CEO of MTY. “Mr. Rupp brings a lot of experience and credibility to our franchise partners and our team, and as such has become the natural leader for this division. He will work with the rest of the management team at Papa Murphy to accelerate the development and implementation of new initiatives that will support our long-term goals.”

Mr. Rupp has over 20 years of senior level experience in finance, strategy and planning. Prior to joining Papa Murphy’s, he served as Chief Financial Officer of Specialized Bicycle Components, Inc. of March 2016 for February 2018and as Global Controller of January 2015 for March 2016. Prior to Specialized Bicycle Components, Inc., Mr. Rupp held several positions at Nike, Inc., including Global Controller of Nike Golf, and at Converse, Inc. in the Netherlands. Mr. Rupp holds a BA in Accountancy from Glasgow Caledonian University and is a Fellow of the Institute of Chartered Accountants of Scotland.

Certain information contained in this press release may constitute “forward-looking” information that involves known and unknown risks, uncertainties, future expectations and other factors that may cause the Company’s actual results, performance or achievements or industry results are materially different from any future results, performance or achievements expressed or implied by such forward-looking information. When used in this press release, this information may include words such as “anticipate”, “estimate”, “may”, “should”, “expect”, “believe”, “plan” and other terms. This information reflects current expectations regarding future events and operating performance and speaks only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise forward-looking information to reflect new events or circumstances. Additional information is available in the Company’s MD&A, which can be viewed on SEDAR at www.sedar.com.

On behalf of the Board of Directors of
MTY Food Group Inc.

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Eric LefebvreChief executive officer

SOURCE MTY Food Group Inc.

For further information: please contact Eric Lefebvre, CEO at 1-514-336-8885 or by email at [email protected]or visit our website: www.mtygroup.com or the SEDAR website at www.sedar.com under the name of the Company.

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