- 8 May, 2006 -

Chipotle Mexican Grill, Inc. (NYSE: CMG) announced today that it intends to file a registration statement with the Securities and Exchange Commission for a proposed public offering of 4,824,630 shares of the company's class A common stock by current stockholders. The selling stockholders include McDonald's Ventures, LLC, which intends to sell 4,100,000 shares in the offering. In addition, McDonald's expects to grant the underwriters of the offering an over-allotment option to purchase up to 629,299 shares of the company's class A common stock. Chipotle expects to file a registration statement relating to these securities with the Securities and Exchange Commission on or after May 9, 2006, and expects that the offering will be completed in the second quarter of 2006. The company will not receive any proceeds from the offering. These securities may not be sold nor may offers to buy these securities be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. About Chipotle Chipotle Mexican Grill offers a focused menu of burritos, tacos, burrito bols (a burrito without the tortilla) and salads made from fresh, high-quality raw ingredients, prepared using classic cooking methods and served in a distinctive atmosphere. Through our vision of Food with Integrity, Chipotle is seeking better food not only from a variety of fresh ingredients, but ingredients that are sustainably grown and naturally raised with respect for the animals, the land, and the farmers who produce the food. Chipotle opened its first restaurant in 1993 and operates about 500 restaurants today. For more information, visit www.chipotle.com. Forward-Looking Statements Various matters set forth in this press release, such as the intention to file a registration statement and when the offering is expected to take place, are forward-looking statements. These statements are subject to risks and uncertainties, including without limitation, general market conditions, the market for the company's class A common stock, the performance of the company's business and other risks detailed from time-to-time in the company's filings with the Securities and Exchange Commission. CONTACT: Chipotle Mexican Grill, Inc. Chris Arnold, 303-222-5912 carnold@chipotle.com SOURCE: Chipotle Mexican Grill, Inc.

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