Cara Announces New Cage-Free Egg Policy

VAUGHAN, ON, Feb. 4, 2016 /CNW/ - Today, Cara Operations Limited ("Cara") joined a growing list of restaurant chains in announcing a commitment for all of its restaurants to serve only 100% cage-free eggs.  A number of Cara's brands will begin using only 100% cage-free eggs in 2016, with all brands transitioning by 2020.

"Our customers increasingly want to know more about the source of the food they eat.  Our decision to source only cage-free eggs is one more step in this direction. Cara is committed to this important initiative." said Bill Gregson, Chair of the Board and Chief Executive Officer of Cara. "We have determined that moving to source only 100 percent cage-free eggs from farms that treat animals humanely on this time frame is the right decision for our guests, employees, franchisee partners and the Company."

About CARA

Founded in 1883, Cara is Canada's oldest and largest full-service restaurant company.  The Company franchises and/or operates some of the most recognized brands in the country including Swiss Chalet, Harvey's, Milestones, Montana's, Kelsey's, East Side Mario's, Casey's, New York Fries, Prime Pubs, Bier Markt and Landing restaurants.  As at December 27, 2015, Cara had 1,010 restaurants, 973 of which were located in Canada and the remaining 37 locations were located internationally.  88% of Cara's restaurants are operated by franchisees and 66% of Cara's locations are based in Ontario.  Cara's shares trade on the Toronto Stock Exchange under the ticker symbol CAO.  More information about the Company is available at www.cara.com.

Forward Looking Information

Certain information in this news release relating to Cara is forward-looking within the meaning of Canadian securities laws. When used in this context, words such as "will", "anticipate", "believe", "plan", "intend", "target" and "expect" or similar words suggest future outcomes. The purpose of forward-looking information is to provide investors with management's assessment of future plans and possible outcomes and may not be appropriate for other purposes.

Readers are cautioned not to place undue reliance on forward-looking statements as actual results could differ materially from the plans, expectations, estimates or intentions expressed in the forward-looking statements. Except as required by law, Cara disclaims any intention and assumes no obligation to update any forward-looking statement even if new information becomes available, as a result of future events or for any other reason.

SOURCE Cara Operations Limited

INVESTOR RELATIONS: please contact Ken Grondin, Chief Financial Officer, [phone], [email protected] or [email protected].