On July 5, 2023, BT Brands, Inc. commenting on the June 28, 2023, press release by Noble Roman?s, Inc., Gary Copperud, BT?s CEO, a Company shareholder and nominee for the contested board seat, noted, ?The Paul Mobley?s are communicating their desperation in the press release. Gary Copperud stated that, their claim that BT Brands, in any manner, admitted it falsely represented its ownership of the Company stock is a total fabrication. Gary Copperud added that the Company?s attacks on the process are intended to divert investors?

attention from the Company?s management team?s abysmal financial performance over the last 8 years, during which management continued to reward itself with exorbitant salaries and millions of stock options. Gary Copperud stated that the arguments are valid and persuasive and support BT Brands? right to nominate Gary Copperud for election to the Company?s board of directors.

BT Brands added that it intends to pursue its rights in all venues and against all actors that would deny BT Brands its rights as a shareholder.