Ms. Kelly Blankstein reports

A&W ANNOUNCES TIMING OF FOURTH QUARTER 2023 RESULTS AND CONFERENCE CALL

In conjunction with the release of its fourth quarter 2023 financial results, A&W Revenue Royalties Income Fund will host a conference call at 1 p.m. PT (4 p.m. ET) on Wednesday, Feb. 28, 2024.

Susan Senecal, president and chief executive officer, and Kelly Blankstein, chief financial officer of A&W Food Services of Canada Inc., will review fourth-quarter financial results and corporate developments. Selected financial results will be released by newswire on the morning of Feb. 28, 2024, and the fund's results for the fourth quarter ended Dec. 31, 2023, will be filed on SEDAR+ on Feb. 28, 2024.

For participants who wish to ask questions or are unable to join via webcast, please dial 1-416-764-8624 or 1-888-259-6580 (toll-free) approximately five minutes prior to the commencement of the call and quote "A&W Revenue Royalties" when prompted by the operator or conference ID 74686768.