SUBWAYâ FRANCHISEES TO DONATE 5 PERCENT OF THEIR

OCT. 23 U.S. SALES TO THE AMERICAN RED CROSS

Effort Expected to Raise More than $1 Million for

Emergency Needs of Hurricane Survivors

MILFORD, Conn., October 4, 2005 – The SUBWAYâ restaurant chain, the world’s largest submarine sandwich franchise, announced today that on October 23, 2005 its franchisees will donate 5 percent of sales from all of their 18,000-plus U.S. restaurants to the American Red Cross Disaster Relief Fund to aid emergency needs of Hurricane Katrina and Rita survivors.  The effort is expected to raise more than $1 million.

“Hurricane Katrina is one of the most powerful natural disasters our country has ever seen and the healing has only just begun,” said Tom Seddon, President and CEO of the SUBWAYâ Franchisee Advertising Fund Trust (SFAFT).  “On behalf of our franchisees, SUBWAYâ is pleased to assist the Red Cross with a chain-wide donation to disaster relief.  Every purchase made in every Subway restaurant in America on October 23^rd will result in a contribution to this critical relief effort.”

SUBWAYâ Restaurants will support its chain-wide initiative with television and radio announcements, and with window signs in each of its U.S. restaurants.  In addition, there will be exposure for the fundraiser during television coverage of the October 23^rd SUBWAYâ 500 NASCAR race in Martinsville, VA, along with a presence at the track consisting of public address announcements, billboard announcements, and an American Red Cross logo on the hood of the #16 Ford Taurus driven by Greg Biffle.

The American Red Cross estimates that the families needing assistance from Hurricane Katrina alone are 15 times the number from all four hurricanes last year.  The total cost for Katrina relief  is estimated at more than $2 billion, and the Red Cross is counting on the American people and corporations to help their neighbors in need.

About SUBWAYâ Restaurants

The SUBWAYâ restaurant chain is the world’s largest submarine sandwich franchise, with more than 24,000 locations in 84 countries.  In 2002, the SUBWAYâ chain surpassed McDonald’s in the number of restaurants open in the United States and Canada.  Headquartered in Milford, Conn., the SUBWAYâ restaurant chain was co-founded by Fred DeLuca and Dr. Peter Buck in 1965.  That partnership marked the beginning of a remarkable journey – one that made it possible for thousands of individuals to build and succeed in their own business.  The SUBWAYâ chain was named the number one franchise opportunity in all categories by Entrepreneur magazine in its Annual Franchise 500 Ranking for 2005 – for the 13^th time in 17 years!  For more information about the SUBWAYâ restaurant chain, visit www.subway.com.  SUBWAYâ is a registered trademark of Doctor’s Associates Inc.