RYAN'S FAMILY STEAK HOUSES, INC. AUGUST SALES INFORMATION ----------------- Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today announced that same-store sales for the 4-week period ended September 2, 1998 ("August") increased by 1.2%. Details follow: August 1998 (Unaudited) Total sales $50,200,000 Increase from prior year +5% Average unit sales: Same-store (open at least 18 mos.) +1.2% All-store (all Ryan's units) +0.8% Management noted that August's results were unfavorably impacted by this year's placement of Labor Day in relation to the Company's reporting periods. Labor Day is traditionally an excellent sales production day. In 1997, this holiday fell in the August reporting period, while sales results for Labor Day 1998 will be included in the September reporting period. If the last week of August (the "mismatch" week) was eliminated from the calculation, same- store sales would have increased by 2.4% for the resulting three-week period. At September 2, 1998, the Company owned and operated 277 Ryan's. The Company's next accounting period consists of 4 weeks, ending on September 30, 1998.