PF Changs (PFCB)

[LexL]

On August 31, 2007, P.F. Chang's China Bistro, Inc. (the “Company”) entered into a six- year, $150 million,senior credit facility (the “Credit Facility”), by and among the Company and JPMorgan Chase Bank, asadministrative agent, Bank of America, as syndication agent, and Wells Fargo Bank, as documentation agent. The Companyused $15 million of the Credit Facility to repay the outstanding balance on its previous $50 million credit facility datedAugust 4, 2006. The Company plans to use the remaining amounts to fund repurchases of its common stock, support standbyletters of credit for the Company's self-insurance programs and for strategic initiatives and general corporate purposes.

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