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From: SANFORD TELLER COMMUNICATIONS
      1365 York Avenue
      New York, New York 10021
      (212) 717-0332

For:  MORTON'S RESTAURANT GROUP, INC.                FOR IMMEDIATE RELEASE
      325 North LaSalle Street                       ---------------------
      Chicago, Illinois 60610
      (312) 923-0030
      www.mortons.com
                                                            March 10, 2006


Contact:  RONALD M. DINELLA, SENIOR VICE PRESIDENT, CHIEF FINANCIAL OFFICER,
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          MORTON'S RESTAURANT GROUP, INC.
          -------------------------------

              MORTON'S RESTAURANT GROUP, INC. ANNOUNCES EXERCISE OF
                              OVER-ALLOTMENT OPTION

Chicago, IL. March 10, 2006...  Morton's Restaurant Group, Inc. (NYSE:MRT) today
announced that Wachovia Capital Markets,  LLC, as  representative of the several
underwriters  of the Company's  recent  initial public  offering,  exercised the
underwriters'  over-allotment option to purchase, at $17.00,  801,950 additional
shares of common stock,  par value $0.01 per share,  resulting in additional net
proceeds (after deducting underwriting discounts and commissions) to the Company
of approximately $12,678,830.

A registration  statement relating to these securities was declared effective by
the Securities and Exchange Commission on February 8, 2006.

This press release shall not constitute an offer to sell or the  solicitation of
an  offer  to buy  these  securities,  nor  shall  there  be any  sale of  these
securities in any state or  jurisdiction  in which such offer,  solicitation  or
sale  would be  unlawful  prior  to  registration  or  qualification  under  the
securities laws of such state or jurisdiction.

ABOUT THE COMPANY





Morton's  Restaurant  Group,  Inc. is the world's  largest owner and operator of
company-owned upscale steakhouse restaurants. Morton's Steakhouses have remained
true to our founders'  original  vision of combining  generous  portions of high
quality  food  prepared to exacting  standards  with  exceptional  service in an
enjoyable dining environment.

As of January 1, 2006,  the Company  owned and operated 69 Morton's  Steakhouses
located in 60 cities across 28 states and four international locations (Toronto,
Vancouver,  Singapore  and Hong  Kong)  and 4  Bertolini's  Authentic  Trattoria
restaurants.

FORWARD-LOOKING  STATEMENTS

EXCEPT  FOR THE  HISTORICAL  INFORMATION  CONTAINED  IN THIS NEWS  RELEASE,  THE
MATTERS ADDRESSED ARE FORWARD-LOOKING  STATEMENTS THAT INVOLVE CERTAIN RISKS AND
UNCERTAINTIES,  INCLUDING, BUT NOT LIMITED TO, RISKS OF THE RESTAURANT INDUSTRY,
INCLUDING A HIGHLY COMPETITIVE INDUSTRY WITH MANY  WELL-ESTABLISHED  COMPETITORS
WITH GREATER  FINANCIAL  AND OTHER  RESOURCES  THAN THE  COMPANY,  THE IMPACT OF
CHANGES IN CONSUMER  TASTES,  LOCAL,  REGIONAL AND NATIONAL  ECONOMIC AND MARKET
CONDITIONS,   RESTAURANT  PROFITABILITY  LEVELS,  EXPANSION  PLANS,  DEMOGRAPHIC
TRENDS, TRAFFIC PATTERNS,  EMPLOYEE  AVAILABILITY,  BENEFITS AND COST INCREASES,
PRODUCT SAFETY AND AVAILABILITY, GOVERNMENT REGULATION, THE COMPANY'S ABILITY TO
MAINTAIN  ADEQUATE  FINANCING  FACILITIES  AND OTHER RISKS DETAILED FROM TIME TO
TIME IN THE COMPANY'S REPORTS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
YOU SHOULD BE AWARE THAT THE COMPANY'S  ACTUAL  RESULTS COULD DIFFER  MATERIALLY
FROM THOSE CONTAINED IN THE FORWARD-LOOKING  STATEMENTS.  THE COMPANY ASSUMES NO
OBLIGATION TO UPDATE THE FORWARD-LOOKING INFORMATION.

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