We intend to have two versions of our prospectus included in this registration statement. In addition to a paper version, when we amend this prospectus to include
an anticipated price range, we plan to maintain an electronic version at www.chipotleipo.com. The electronic version will be identical to the paper version except that persons viewing the electronic
version of our prospectus will be able to access a selection of our print, radio and television advertisements by following a link under the caption "Prospectus Summary." The script of these items and
a description of the graphics used in them is provided in Annex A beginning on page A-1.