BofA Securities, J.P. Morgan Securities and Jefferies LLC are acting as lead brokers and representatives of the underwriters for the proposed offering. Barclays Capital Inc., and Piper Sandler & Co. are also acting as lead book-running managers for the proposed offering. Robert W. Baird & Co. and William Blair are acting as book-running managers for the proposed offering. Cowen, Stifel, Nicolaus & Company, Incorporated, AmeriVet Securities, Inc., Penserra Securities LLC, R. Seelaus & Co., LLC and Tribal Capital Markets, LLC are acting as co-managers for the proposed offering.

The offering is being made only by means of a prospectus. Copies of the preliminary prospectus related to the offering may be obtained from the SEC at www.sec.gov , and  from:

•           BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC  28255-0001, Attention: Prospectus Department, or by email at dg.prospectus_requests@bofa.com

•           J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by email at prospectus-eq_fi@jpmchase.com   or by telephone at 1-866-803-9204.

•           Jefferies LLC, Attention: Equity Syndicate Prospectus Department, 520 Madison Avenue, 2nd Floor, New York, NY 10022, or by email at prospectus_department@Jefferies.com  or by telephone at 1-877-821-7388.

•           Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, or by email at barclaysprospectus@broadridge.com  or by telephone at 1-888-603-5847.

•           Piper Sandler & Co., Attention: Prospectus Department, 800 Nicollet Mall, J12S03,  Minneapolis, Minnesota 55402, or by email at prospectus@psc.com  or by telephone at 1-800-747-3924.

A registration statement on Form S-1 relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy 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 or jurisdiction in which such  offer, solicitation or sale would be unlawful prior to registration or qualification under the  securities laws of any such state or jurisdiction.

Dutch Bros is a high growth operator and franchisor of drive-thru shops that focus on serving high QUALITY, hand-crafted beverages with unparalleled SPEED and superior SERVICE. Founded in 1992 by brothers Dane and Travis Boersma, Dutch Bros began with a double-head espresso machine and a pushcart in Grants Pass, Oregon. While espresso-based beverages are still at the core of what the company does, Dutch Bros now offers a wide variety of unique, customizable cold and hot beverages that delight a broad array of customers.