McDonald's Corporation to Redeem Notes

Today, McDonald's Corporation (NYSE: MCD) announced it will redeem all its 7.5% Subordinated Deferrable Interest Debentures due September 30, 2036 (NYSE: MCW) and its 7.5% Subordinated Deferrable Interest Debentures due January 2, 2037 (NYSE: MCJ), (collectively, the "Notes").

The Notes will be redeemed at 100 percent of the principal amount, plus accrued interest, through the December 31, 2001 redemption date. The redemption agent for the Notes is:

                              Wachovia Bank
                       Customer Information Center
                   1525 West W.T. Harris Blvd - NC 1153
                        Charlotte, NC  28288-1153
                              1-800-665-9343

McDonald's is the world's leading food service retailer with more than 29,000 restaurants in 121 countries, serving 45 million customers each day.

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SOURCE: McDonald's Corporation

Contact: Investors, Mary Healy, +1-630-623-6429, or Media, Anna
Rozenich, +1-630-623-7316, both of McDonald's Corporation

Website: http://www.mcdonalds.com/