TILMAN FERTITTA ANNOUNCES AN ATTEMPTED TAKEOVER OF MCCORMICK AND SCHMICK'S?

Tilman Fertitta

Press Release: Tilman J. Fertitta announced today that he has commenced, through his affiliate LSRI Holdings, Inc., a subsidiary of Landry's Restaurants, Inc. (collectively, "Landry's"), an all-cash offer to acquire all of the issued and outstanding shares of common stock of McCormick & Schmick's Seafood Restaurants, Inc. (Nasdaq: MSSR) ("MSSR") not already owned by Fertitta or his affiliates for $9.25 per share.

Unless extended, the offer and withdrawal rights will expire at 12:00 Midnight, New York City time, on May 6, 2011.

While it is Fertitta's strong preference to engage in mutually beneficial discussions with MSSR, neither management nor the MSSR Board has responded to Fertitta's communications.  Specifically, Mr. Schmick, Chairman of the Board, Mr. Freeman, Chief Executive Officer, and Mr. Parish, member of the Board, have each failed to respond to Fertitta's electronic communications.  Fertitta remarked, "We believe our offer price of $9.25 per share in cash would deliver substantial, immediate and highly certain value to MSSR's stockholders.

The Board's initial response to our intended tender offer and its unwillingness to engage in mutually beneficial discussions for a negotiated transaction is not in the best interests of stockholders."

The offer represents a premium of approximately 30% over the closing price of MSSR's common stock on April 1, 2011, the last full trading day before Fertitta's public announcement of his intent to commence a tender offer.