RYAN'S FAMILY STEAK HOUSES, INC. JANUARY SALES INFORMATION ----------------- Ryan's Family Steak Houses, Inc. (NASDAQ:RYAN) today announced that same-store sales for the 5-week period ended February 3, 1999 ("January") decreased by 0.4%. Details follow: January 1999 (Unaudited) Total sales $55,640,000 Increase from prior year +2.1% Average unit sales: Same-store (open at least 18 mos.) -0.4% All-store (all Ryan's units) -1.4% Management noted that January's results were adversely impacted by severe winter weather throughout much of the Company's operating regions during the first two weeks of the period. In addition, Super Bowl Sunday affected the fifth week of January 1999 compared to the fourth week of January 1998. Accordingly, available data makes it virtually impossible to extrapolate a "normal" operating trend for the month. At February 3, 1999, the Company owned and operated 280 Ryan's. The Company's next accounting period consists of 4 weeks, ending on March 3, 1999.