X0201 4 2003-10-15 1 0000852772 DENNYS CORP DNYY 0000899983 GOTHAM PARTNERS LP /NY/ 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001067815 GOTHAM PARNERS III L P 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001078726 GOTHAM INTERNATIONAL ADVISORS LLC 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001056511 BERKOWITZ DAVID P 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001056513 ACKMAN WILLIAM A 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001056509 SECTION H PARTNERS L P 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001251929 KARENINA CORP 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 0001251930 DPB CORP 110 EAST 42ND STREET 18TH FLOOR NEW YORK NY 10017 0 0 1 0 Common Stock 2003-10-15 4 S 0 3000000 0.3125 D 2265952 I See Footnotes Common Stock 2003-10-15 4 S 0 265952 0.3000 D 2000000 I See Footnotes Section H Partners, LP ("Section H") is the general partner of Gotham Partners, LP ("Gotham") and Gotham Partners III, LP ("GIII"). Section H disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities representing Section H's pro rata partnership interest in, or interest in the profits of, Gotham and GIII. Karenina Corp. ("Karenina"), wholly owned by William A. Ackman, and DPB Corp. ("DPB"), wholly owned by David P. Berkowitz, are the general partners of Section H. Each of Karenina, DPB, Ackman and Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a)(2)(ii). Gotham International Advisors, L.L.C. ("Gotham Advisors") is the investment manager of Gotham Partners International, Ltd. ("Gotham International"). Gotham Advisors disclaims any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which Gotham Advisors may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1 (a)(2)(ii). William A. Ackman and David P. Berkowitz are the senior managing members of Gotham Advisors. Each of Mr. Ackman and Mr. Berkowitz similarly disclaim any beneficial ownership of any of the Issuer's securities to which this Statement relates for the purposes of Section 16 of the Securities Exchange Act of 1934, as amended, except as to securities in which each such person may be deemed to have an indirect pecuniary interest pursuant to Rule 16a-1(a )(2)(ii). /s/ William A. Ackman, by power of attorney 2003-10-16