RCI to Extend Filing Date of Annual Report

Houston—December 11, 2018—RCI Hospitality Holdings, Inc. (Nasdaq: RICK) said additional time will be needed to file its Annual Report on Form 10-K for the year ended September 30, 2018. A Form 12b-25 notice of the delay will be filed with the SEC, which filing provides the company a 15-calendar day extension to file its Form 10-K. As soon as RCI determines when the 10-K filing will occur, a customary news release will be issued announcing the date and time of its 4Q18 and FY18 results conference call.

Forward-Looking Statements

This press release may contain forward-looking statements that involve a number of risks and uncertainties that could cause the company's actual results to differ materially from those indicated in this press release, including the risks and uncertainties associated with operating and managing an adult business, the business climates in cities where it operates, the success or lack thereof in launching and building the company's businesses, risks and uncertainties related to cybersecurity, conditions relevant to real estate transactions, and numerous other factors such as laws governing the operation of adult entertainment businesses, competition and dependence on key personnel. The company has no obligation to update or revise the forward-looking statements to reflect the occurrence of future events or circumstances.

Media & Investor Contacts

Gary Fishman and Steven Anreder at 212-532-3232 or gary.fishman@anreder.com and steven.anreder@anreder.com