RBI receives exchange notice for 2.78M Class B units; will repurchase for cash

Restaurant Brands International Limited Partnership

Exchange notice from 3G Restaurant Brands Holdings LP for 2,784,549 Class B exchangeable units.
RBI LP will repurchase units for cash on hand; units cancelled, reducing fully diluted shares.
Exchange date Aug 31, 2026; price based on 20-day VWAP of QSR shares on NYSE.
After exchange, 3G affiliate holds ~21% of RBI fully diluted common shares.
Exchange notice is irrevocable.

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