News Release

WHAT:   IHOP's Third National Pancake Day Celebration Benefiting Children's
        Miracle Network and other local charities.
        On Tuesday, Feb. 12, IHOP restaurants nationwide will celebrate
        National Pancake Day from 7 am to 10 pm and offer each guest a free
        short stack of buttermilk pancakes. In return IHOP will ask guests
        to donate what they would have paid for the pancakes or more to
        Children's Miracle Network or other local charities.
        With IHOP celebrating 50 years in 2008, restaurants around the
        country are hoping to stack up more donations than ever before.
        IHOP's goal is to raise more than $750,000, which will benefit
        children's hospitals and other charities throughout the U.S. To
        find a local IHOP or to donate online, visit
        www.ihoppancakeday.com.
        NOTE: Pancake Day has been celebrated for centuries as Mardi Gras
        or Shrove Tuesday, which officially occurred last week on Feb. 5.
        Last Tuesday was also a significant day for America as a large
        number of states held their presidential primary elections and
        caucuses, known as Super Tuesday. Out of respect for the
        democratic process, IHOP moved its celebration one week to this
        Tuesday, Feb. 12.
WHY:    It's for the kids! For every delicious short stack of buttermilk
        pancakes served on National Pancake Day, IHOP guests are invited to
        make a donation to Children's Miracle Network or other local
        charities.
WHEN:   TUESDAY, FEBRUARY 12, 2008, 7 a.m. - 10 p.m.
WHERE:  At participating IHOP restaurants across the country. To find a
        local IHOP or donate online, visit www.ihoppancakeday.com.

Fun Facts From National Pancake Day 2007:

--  IHOP served 1.1 million free pancakes on National Pancake Day last
    year.
--  All of the free pancakes served on National Pancake Day would create a
    stack more than eight miles high.
--  Pancake lovers donated more than $625,000 to children's charities, far
    exceeding the fundraising goal.

ABOUT IHOP

For 50 years, the IHOP family restaurant chain has served its world famous pancakes and a wide variety of breakfast, lunch and dinner items that are loved by people of all ages. IHOP offers its guests an affordable, everyday dining experience with warm and friendly service. The first IHOP opened in Toluca Lake, Calif. in 1958, and as of December 31, 2007, there were 1,344 IHOPs in 49 states, the U.S. Virgin Islands, Canada and Mexico. IHOP restaurants are franchised and operated by Glendale, Calif.-based IHOP, a subsidiary of IHOP Corp. (NYSE: IHP).

Contact:
Melissa Brabender
(310) 524-0200
Wills Communications, Inc.
mbrabender@willscom.com

SOURCE: IHOP Corp.

mailto:mbrabender@willscom.com