ITEM 7.01 REGULATION FD DISCLOSURE

Einstein Noah Restaurant Group, Inc. (the "Company") will make a presentation at the Piper Jaffray 29th Annual Consumer Conference on Monday, June 9, 2009 at 12:30 pm EST. The slides are available on our website at:

www.einsteinnoah.com/index.cfm?fuseaction=financialsMedia.content&content_id=20.

The following statements will be made public as part of the presentation:

• Percentage of revenue for the last twelve months through March 31, 2009 by brand:

• Einstein Bros.: 79%

• Noah's: 20%

• Manhattan Bagel: 1%

• Our 4 - 5% annual sales growth is based on the following factors:

• Pricing 2%

• New Products 1%

• Media/Awareness 1%

• Value 1%

• The Company's estimates for 2009 restaurant upgrades based on 2008 data are as follows:

• Capital cost is approximately $80,000

• Sales increase is approximately $33,000 per year, or a 3.2% sales growth

• Profit from operations increase is approximately $24,000 per year

• Cash on cash return is approximately 30% per year

• Our licensing agreements have had an average unit volume of $490,000 and a weighted average royalty rate of 6.2% through December 30, 2008.

• We intend to have 50% of our total locations be franchised or licensed by 2012, providing an approximate $8 million in annual incremental cash flow.

• The Company's estimates for 2009 new restaurants based on 17 stores opened in fiscal 2008 are as follows:

• Investment cost is approximately $600,000

• Average unit volume for the last twelve months of $909,000

• Profit from operations increase is approximately $183,000 per year

• Store margins of 20% per year

• Cash on cash return is approximately 31% per year

• Historical system-wide comparable store sales:

• Fiscal 2006: 4.6%

• Fiscal 2007: 4.0%

• First quarter 2007: 1.4%

• Second quarter 2007: 5.4%

• Third quarter 2007: 5.3%

• Fourth quarter 2007: 4.1%

• Fiscal 2008: 1.4%

• First quarter 2008: 4.5%

• Second quarter 2008: 2.5%

• Third quarter 2008: 0.1%

• Fourth quarter 2008: (1.0%)

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• The following table is a breakdown of our average unit volume for the last twelve months through December 30, 2008:

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• Approximately 42% of total units deliver a contribution margin over 20%.

• The Company believes that the following initiatives are expected to restore store level margins to historic levels in the second half of 2009:

• We expect cost of sales to decrease $1.2 to $1.5 million for the remainder of 2009 compared to 2008.

• We have had productivity improvements in the areas of SKU rationalization, labor efficiencies and food cost management.

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