Update on Disqualification of Purported Nomination by BT Brands, Inc.

INDIANAPOLIS, IN / ACCESSWIRE / June 28, 2023 / Noble Roman's, Inc. (OTCQB:NROM) (the "Company"), the Indianapolis based franchisor and licensor of Noble Roman's Pizza and Noble Roman's Craft Pizza & Pub, today issued a press release further updating information for its upcoming annual meeting of shareholders of the Company to be held on July 6, 2023.

As previously reported, the Company has disqualified the purported nomination by BT Brands, Inc. ("BTB") of Gary Copperud for election to the Company's Board of Directors at the annual meeting. BTB attempted to nominate Mr. Copperud, but the Company determined that BTB failed to comply with the requirements of the Company's by-laws for nominations of director candidates. BTB has admitted that its notice of intent to nominate Mr. Copperud submitted to the Company falsely represented its ownership of the Company's stock and that it otherwise failed to comply with the requirements of the Company's by-laws (i.e., holding Company stock of record on both the date of its notice of intent to nominate and the record date for determining shareholders entitled to vote at the meeting) for validly nominating a director candidate at the 2023 annual meeting.

In its press release dated June 27, 2023, BTB describes the Company's action as a "technical interpretation" of the by-laws. However, like most companies, the Company considers its by-laws to be a key foundational element of the Company's corporate governance framework that protect the interests of all shareholders by, among other things, providing for orderly conduct of shareholders meetings and reliable canvassing of votes.

Paul Mobley, the Company's Chairman, stated, "BTB has chosen to attack the Company based on criticisms that we previously have refuted. BTB's inability to comply with clear requirements in our by-laws (which have been publicly available for many years) is further evidence (together with BTB's poor performance that we have previously cited) that BTB does not have the requisite skills to assist the Company. Further, Mr. Copperud obviously is unwilling to accept the blame for BTB's mistake. That is a matter to be sorted out by BTB's shareholders, while we focus on capitalizing on the opportunities to grow our business we previously identified to Noble Roman's shareholders."