Contact:
Maura C. Tobias Friendly's Restaurants 413-543-2400 ext. 2814	....or....	James Yanucil J3F3, Inc. 856-722-7557

FRIENDLY'S ANNOUNCES RE-FRANCHISE AGREEMENT

FOR MARLTON, NEW JERSEY RESTAURANT

WILBRAHAM, MASSACHUSETTS (April 5, 2005) - - Friendly's Restaurants Franchise, Inc., a subsidiary of Friendly Ice Cream Corporation (AMEX: FRN) of Wilbraham, Massachusetts, announced they have entered into a re-franchise agreement with existing franchisee J3F3, Inc. of Mt. Laurel, New Jersey.

James Yanucil, President, has been a Friendly's franchisee since 1999 and currently owns and operates three Friendly's restaurants in Mt. Laurel, Moorestown and Voorhees, New Jersey. With this agreement, J3F3, Inc. will own and operate the Friendly's restaurant located in Marlton. Also, as part of the agreement, J3F3, Inc. will open three new restaurants in Burlington and Camden counties by 2008.

Friendly's Chief Executive Officer and President, John L. Cutter, said, "Jim is a great franchising partner as he understands what it takes to run great restaurants. He shares our commitment to providing our guests with an overall great dining experience and his restaurants surely exemplify the Friendly's name."

Jim Yanucil, stated, "I look forward to continuing to provide the people of Marlton and surrounding communities the great food and ice cream that Friendly's is known for. With the future development of three new restaurants in Burlington and Camden counties, I look forward to contributing to the brands growth and success."

Friendly Ice Cream Corporation (Amex: FRN) is a vertically integrated restaurant company serving signature sandwiches, entrees and ice cream desserts in a friendly, family environment in more than 535 company and franchised restaurants throughout the Northeast. The company also manufactures ice cream, which is distributed through more than 4,500 supermarkets and other retail locations. With a 69-year operating history, Friendly's enjoys strong brand recognition and is currently revitalizing its restaurants and introducing new products to grow its customer base.

Additional information on Friendly Ice Cream Corporation can be found on the Company's website: www.friendlys.com.

Information on Friendly's franchise program is available from Jim Sullivan, Director, Franchise Business (800) 576-8088 ext. 2597, e-mail jim.sullivan@friendlys.com.