RYAN'S FAMILY STEAK HOUSES, INC. REPORTS MARCH AND FIRST QUARTER SALES RESULTS ----------------- SAME-STORE SALES UP FOR THE NINTH CONSECUTIVE QUARTER! GREER, SOUTH CAROLINA - - Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today announced that same-store sales for the 4-week period ended March 29, 2000 ("March") increased by 2.8%. Same-store sales for the quarter ended March 29, 2000 increased by 1.1%. Details follow: (Unaudited) March 1st 2000 Quarter Total sales (000's) $55,234 $168,291 Increase from prior year +7% +5% Average unit sales: Same stores (open at least 18 mos.)+2.8% +1.1% All stores (all Ryan's units) +3.3% +1.9% Management noted the following accomplishments regarding March's and the first quarter's sales levels: March's average unit sales represented an all-time high for March; The first quarter's average unit sales represented a record first quarter level; March's and the first quarter's performance were remarkable in light of the severe winter weather in January 2000 and the strong prior year's sales comparisons (same- store sales: March 1999 = +2.1% and 1Q99 = +1.5%); Same-store sales have been up for nine consecutive quarters; and Same-store sales have been positive for 18 out of the last 22 quarters. At March 31, 2000, the Company owned and operated 291 Ryan's restaurants. Financial results for the first quarter 2000 are expected to be released on April 12, 2000. In addition, the Company's next accounting period consists of 5 weeks, ending on May 3, 2000.