McDonald's Corporation to Redeem Notes

Today, McDonald's Corporation (NYSE: MCD) ("McDonald's") announced that it has called for the redemption of its $150,000,000 7.05% Debentures due 2025 (NYSE: MCD25) on November 15, 2005 ("Debentures"). The Debentures will be redeemed at 103.26 percent of the principal amount, plus accrued interest, up to, but not including, the redemption date. The redemption agent is:

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

On and after November 15, 2005, interest will cease to accrue on the Debentures.

McDonald's is the leading global foodservice retailer, with more than 30,000 restaurants, located in more than 100 countries. Approximately 70% of McDonald's restaurants worldwide are owned and operated by independent, local businessmen and women. Please, visit www.mcdonalds.com, to learn more about McDonald's.

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SOURCE: McDonald's Corporation

CONTACT: Investors, Mary Kay Shaw, +1-630-623-7559, or Media, Anna
Rozenich, +1-630-623-7316, both of McDonald's Corporation

Web site: http://www.mcdonalds.com/