McDonald's to Redeem Debentures

McDonald's Corporation announced today that it will redeem all of its 7.31% Subordinated Deferrable Interest Debentures due 2027 (CUSIP No. 580 135 BX8) as of September 15, 2007.

The debentures will be redeemed at 100 percent of the principal amount plus accrued interest through the redemption date. Holders of the debentures will receive a notice of redemption from the redemption agent that describes the process for redeeming their debentures. The redemption agent is:

                      U.S. Bank National Association
                         Corporate Trust Services
                           60 Livingston Avenue
                       1st Floor - Bond Drop Window
                           St. Paul, MN  55107
                        Telephone:  1.800.934.6802

McDonald's is the leading global foodservice retailer with more than 30,000 locations in more than 100 countries. More than 70% of McDonald's restaurants worldwide are owned and operated by independent local men and women. Please visit our Web site at http://www.mcdonalds.com/ to learn more about the company.

First Call Analyst:
FCMN Contact: katie.hayes@us.mcd.com

Photo: http://www.newscom.com/cgi-bin/prnh/19990916/MCDLOGO
AP Archive: http://photoarchive.ap.org/
PRN Photo Desk, photodesk@prnewswire.com

SOURCE: McDonald's Corporation

CONTACT: Investors, Mary Kay Shaw, +1-630-623-7559, or Media, Heidi M.
Barker, +1-630-623-3791, both of McDonald's Corporation

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