FOR IMMEDIATE RELEASE

Investor Contact:
Carol DiRaimo, (913) 967-4109

Media Contact:
Laurie Ellison, (913) 967-2718

        Applebee's International and Breeden Capital Announce Settlement
     Richard Breeden and Laurence Harris Join Applebee's Board of Directors

OVERLAND  PARK,   Kan.,  April  26,  2007  -  Applebee's   International,   Inc.
(Nasdaq:APPB)  and Breeden  Capital  Management LLC ("Breeden  Capital") and its
affiliated  investment funds today announced an agreement appointing Mr. Richard
Breeden and Mr.  Laurence  Harris to the  Applebee's  board and ending the proxy
contest that was to occur at the company's 2007 Annual Meeting of  Stockholders.
Mr. Breeden and Mr. Harris have been elected to the Applebee's  board  effective
April 26, 2007,  and they will also be added to the  company's  revised slate of
director  nominees  for  three-year  terms at the Annual  Meeting.  The slate of
director nominees to be presented by the company for election at the 2007 Annual
Meeting of Stockholders  will now consist of the following six persons:  Richard
C. Breeden, Laurence E. Harris, Jack P. Helms, Lloyd L. Hill, Burton ("Skip") M.
Sack,  and Michael A.  Volkema.  Mr. Hill  continues to serve as chairman of the
board of directors of the newly expanded 14-member board.

Effective today, Mr. Breeden is a member of the Strategy Committee,  joining the
Committee's ongoing review of potential strategic alternatives.  Mr. Breeden has
also become a member of the  Corporate  Governance/Nominating  Committee and the
Executive  Compensation  Committee.  Mr.  Harris  has  become  a  member  of the
Corporate Governance/Nominating Committee and the Audit Committee. The agreement
also calls for Breeden  Capital and its affiliated  investment  funds to observe
customary restrictions on conducting proxy contests so long as a Breeden nominee
remains on the company's board.

Mr. Helms, the chairman of Applebee's Corporate  Governance/Nominating Committee
commented,  "Applebee's  board is pleased to have  reached  this  agreement  and
welcomes  Mr.  Breeden  and Mr.  Harris as new  members.  Mr.  Breeden has broad
experience as a former Chairman of the U.S.  Securities and Exchange  Commission
and has completed  notable work on behalf of shareholders'  interests at several
large  companies.  Mr.  Harris has his own strong track record in business,  and
brings  significant  experience in mergers and  acquisitions  and other areas of
corporate finance."

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April 26, 2007
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"Applebee's  management  and board of  directors  concur with Mr.  Breeden  that
recent company  performance must improve," said Helms. "Mr. Breeden has raised a
number of fair and  appropriate  questions  which our  management and board will
continue to consider and address. Additionally, as we continue our evaluation of
a broad range of strategic  alternatives  to strengthen  the business and reward
shareholders, we look forward to working constructively with Mr. Breeden and Mr.
Harris to build an exciting future for all Applebee's stakeholders."

"During the course of discussions over the past few months, we realized that all
parties  share a strong  desire to  strengthen  and improve the company.  We are
confident  that Mr.  Breeden and Mr. Harris will be joining us as supportive and
productive  members of our board of directors  and, in that  fashion,  the board
concluded that this settlement is in the best interests of our shareholders."

Mr. Breeden said,  "Larry Harris and I are excited to join the Applebee's  board
at a pivotal  point in the  company's  history.  Breeden  Partners  invested  in
Applebee's because we believe that it is a fundamentally  strong company with an
exceptional network of franchisees,  loyal and hardworking associates, a capable
management  team and a strong,  high-integrity  board.  We believe  that working
together,  we  can  make a  strong  contribution  to  helping  renew  Applebee's
traditional strengths while also adding significant value for shareholders.  Our
conversations to date with management and representatives of the board have only
deepened  our  convictions  about the  underlying  quality and  character of the
Applebee's organization.

"With all parties willing to work together  positively to look at the issues and
to design new  solutions  for the  future,  there is no reason  that  Applebee's
cannot make  strong  progress in a number of areas,"  Mr.  Breeden  said.  "I am
convinced that as a group we can provide the leadership to help make  Applebee's
better, stronger and more valuable for the benefit of all."

As previously announced, the Applebee's 2007 Annual Meeting of Stockholders will
be held on May 25, 2007, in Overland Park,  Kansas.  The company plans to return
to a 12-member board,  including  Messrs.  Breeden and Harris,  by the company's
2008 Annual Meeting.


Important Note Regarding Proxy Materials

Applebee's  stockholders may have received  definitive proxy materials and proxy
cards from both Applebee's and Breeden  Capital.  Stockholders  are requested by
both  Applebee's and Breeden  Capital NOT to vote on the proxy cards  previously
supplied  and instead to vote on the GREEN  proxy card to be  included  with the
supplemental proxy materials that will be subsequently  mailed to all Applebee's
stockholders  and filed with the Securities and Exchange  Commission.  Questions
about the voting of proxies should be addressed to Applebee's proxy solicitation
firm, Innisfree M&A Incorporated, toll-free at 1 (877) 825-8631.

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April 26, 2007
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About Applebee's International, Inc.

Applebee's International,  Inc., headquartered in Overland Park, Kan., develops,
franchises and operates  restaurants under the Applebee's  Neighborhood  Grill &
Bar brand,  the largest casual dining concept in the world. As of April 1, 2007,
there were 1,930 Applebee's  restaurants  operating system-wide in 49 states, 16
international  countries,  and one U.S.  territory.  Additional  information  on
Applebee's    International    can   be   found   at   the   company's   website
(www.applebees.com).


About Breeden Capital Management LLC

Breeden Capital Management LLC is based in Greenwich,  Connecticut. Both Breeden
Partners and Breeden  Capital  Management  were  founded by Richard C.  Breeden,
former Chairman of the U.S. Securities and Exchange  Commission.  The firm has a
total of approximately 20 professionals,  and, together with its affiliates,  it
has more than $1 billion in assets under management. Breeden Partners invests in
the  securities  of publicly  traded  companies  based in the United  States and
Canada.   Through  fostering  improvements  in  both  operating  and  governance
practices,  the fund seeks to help portfolio  companies  achieve higher earnings
and command a higher  multiple  on such  earnings  in the  marketplace.  Breeden
Partners and its affiliates own 4,025,000 shares of Applebee's.

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