News Release

GLENDALE, Calif.--(BUSINESS WIRE)--June 16, 2006--IHOP Corp. (NYSE:IHP) today announced the appointment of Dustin Dixon, Ph.D., as Vice President, Product, Quality Assurance and Purchasing. In this position, Dr. Dixon is responsible for the creation of new products, product specifications, quality assurance, food safety, purchasing and distribution. The appointment demonstrates IHOP's commitment to the on-going development of creative new menu items, rigorous attention to food quality, safety and sanitation, and a purchasing program aimed at providing franchisees with the best value on high quality products.

"Dustin has served as the interim department head since January 2006, and has done an outstanding job," said Julia Stewart, IHOP's Chairman and Chief Executive Officer. "His broad range of experience in Research and Development, Purchasing and Quality Assurance allows us to maintain these functions under one department. Since combining these disciplines in 2004, we have successfully capitalized on the natural relationship between Research and Development and Purchasing to benefit our guests, franchisees and vendor partners. This improved product development process is a key component in the ongoing re-energization of the IHOP brand. Dustin's work is highly visible within IHOP's franchise community, and he has earned their respect and support, which is essential to IHOP's ongoing success."

Dr. Dixon joined IHOP in April 2004, and most recently served as Executive Director, Purchasing and Quality Assurance, overseeing the food safety, quality assurance and purchasing functions. Prior to joining IHOP, Dr. Dixon served as Director, Quality Assurance for Applebee's International from 1999 to 2004. He also worked in the food safety/quality assurance area for Darden Restaurants. Dr. Dixon received a Master's Degree in Food Science and a doctorate in Food Science from the University of Florida.

About IHOP Corp.

The IHOP family restaurant chain has been serving a wide variety of breakfast, lunch and dinner selections for more than 45 years. Offering 14 types of pancakes as well as omelettes, breakfast specialties, burgers, sandwiches, chicken and steaks, IHOP's diverse menu appeals to people of all ages. IHOP restaurants are franchised and operated by Glendale, California based IHOP Corp. As of March 31, 2006, the end of IHOP's first quarter, there were 1,252 IHOP restaurants in 48 states and Canada. IHOP Corp. common stock is listed and traded on the NYSE under the symbol "IHP." For more information, call the Company's Restaurant Support Center at (818) 240-6055 or visit the Company's Web site located at www.ihop.com.

Forward-Looking Statements

There are forward-looking statements contained in this news release. They use such words as "may," "will," "expect," "believe," "anticipate," "plan," or other similar terminology. These statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results to be materially different than those expressed or implied in such statements. These factors include, but are not limited to: risks associated with the implementation of the Company's strategic growth plan, the availability of suitable locations and terms of the sites designated for development; the ability of franchise developers to fulfill their commitments to build new IHOP restaurants in the numbers and time frames covered by their development agreements; the ability of the Company to franchise its remaining Company-operated restaurants; legislation and government regulation including the ability to obtain satisfactory regulatory approvals; conditions beyond the Company's control such as weather, natural disasters or acts of war or terrorism; availability and cost of materials and labor; cost and availability of capital; competition; continuing acceptance of the International House of Pancakes brand and concepts by guests and franchisees; the Company's overall marketing, operational and financial performance; economic and political conditions; adoption of new, or changes in, accounting policies and practices; and other factors discussed from time to time in the Company's filings with the Securities and Exchange Commission. Forward-looking information is provided by IHOP pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. In addition, the Company disclaims any intent or obligation to update these forward-looking statements.

    CONTACT: IHOP Corp.
             Patrick Lenow, 818-637-3629

    SOURCE: IHOP Corp.