Driven Brands (DRVN) Commences 12M Share Secondary Offering

Driven Brands Holdings Inc. (“Driven Brands” or the “Company”) (NASDAQ: DRVN), today announced the commencement of an underwritten secondary public offering of 12 million shares of Driven Brands’ common stock by Driven Equity LLC and RC IV Cayman ICW Holdings LLC (together the “Selling Stockholders”), each of which is a related entity of Roark Capital Management, LLC. The Selling Stockholders also intend to grant the underwriters a 30-day option to purchase up to an additional 1,800,000 shares of common stock. Driven Brands is not selling any shares of common stock in the offering and will not receive any proceeds from the offering.

Following the completion of the offering and assuming no exercise of the underwriters’ option to purchase additional shares, the Selling Stockholders will remain Driven Brands’ largest stockholders, owning in the aggregate at least 109 million shares of common stock, representing 65.4% of the outstanding common stock of Driven Brands.

Morgan Stanley, BofA Securities, Goldman Sachs & Co. LLC and J.P. Morgan are acting as the joint lead book-running managers for the offering, Barclays is acting as book-running manager and Baird, Credit Suisse, Piper Sandler and William Blair are acting as bookrunners.

The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus relating to the offering may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, BofA Securities, Inc., Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte, NC 28255-0001, or via email: [email protected], Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, via telephone: (866) 471-2526, or via email: [email protected] or [email protected], or J.P. Morgan Securities LLC, Attention: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by email at [email protected] or by telephone at (866) 803 9204. A copy of the preliminary prospectus relating to the offering may also be obtained free of charge by visiting EDGAR on the SEC website at www.sec.gov.

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