Chipotle Mexican Grill Announces Pricing Of Secondary Offering

(Friday, May 19, 2006) - Chipotle Mexican Grill,
Inc. (NYSE:CMG) announced that McDonald's Ventures, LLC and certain of
its other stockholders have agreed to sell 4,197,331 shares of its
class A common stock, par value $.01 per share, at a price of $61.50
per share. McDonald's Ventures, LLC has agreed to sell 4,100,000
shares.

Chipotle will not receive any proceeds from the offering.

The underwriters in the offering have an over-allotment option to
purchase an additional 629,599 class A shares from McDonald's
Ventures, LLC.

The offering was made through an underwriting syndicate led by
Morgan Stanley & Co. Incorporated and Cowen and Company, LLC. The
other co-managing underwriters in the syndicate were Banc of America
Securities LLC, Citigroup Global Markets, Inc., J.P. Morgan Securities
Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Suntrust
Capital Markets, Inc.

About Chipotle

Chipotle 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 its 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 more than 500 restaurants today.

A copy of the prospectus relating to this offering may be obtained
by contacting Morgan Stanley & Co. Incorporated, 180 Varick Street,
New York, New York 10014, Attention: Prospectus Department, or by
contacting Cowen and Company, LLC, c/o ADP, 1155 Long Island Avenue,
Edgewood, New York 11717.

This release shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of the
class A shares 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.



CONTACT: Chipotle Mexican Grill, Inc.
Investor Relations:
Tom Ryan or Brian Prenoveau, 303-222-6012
or
Media:
Chris Arnold, 303-222-5912
carnold@chipotle.com

SOURCE: Chipotle Mexican Grill, Inc.

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