PRESS RELEASE


CONTACT:     Martin M. Shea                     For Immediate Release
             Triarc Companies, Inc.
             212/230-3030

             
TRIARC REPAYS DEBT

                                  
NEW YORK, New York, July 9, 1996 -- Triarc Companies, Inc. (NYSE:TRY)
announced today that it has reached an agreement with National Union Fire
Insurance Company, whereby Triarc paid $27.2 million to National Union in
return for the cancellation of a 9 1/2% promissory note payable in the
principal amount of $36.5 million.  The principal amount had previously
been reduced by $3 million.

The negotiated settlement of this note payable is a fine example of how we
continue to strengthen Triarc's balance sheet.  As we continue to focus
operations and increase cash flow, we find more and more opportunities to
create greater shareholder value,  said Nelson Peltz, chairman and chief
executive officer of Triarc Companies, Inc.

With sales of nearly $1 billion, Triarc Companies is comprised of four
businesses: restaurants (Arby's, Arby's Roast Town, P.T. Noodle's and
ZuZu), beverages (Royal Crown Company and Mistic Brands), liquefied
petroleum gas (National Propane) and specialty dyes and chemicals (C.H.
Patrick).

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