Mr. Jordan Holm reports

BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2023 FIRST QUARTER RESULTS ON MAY 10TH

Boston Pizza Royalties Income Fund and Boston Pizza International Inc. will issue 2023 first quarter results via news release and on the fund's website on the morning of May 10, 2023.

The fund will host a conference call with BPI's president, Jordan Holm, and chief financial officer, Michael Harbinson, to discuss the results for the first quarter which ended on March 31, 2023. The call will take place on Wednesday, May 10, 2023, at 8:30 a.m. Pacific Time (11:30 a.m. Eastern Time).

To participate in this conference call, please dial the following toll-free number approximately 10 minutes prior to the commencement of the call:

• 1-800-319-4610 or 604-638-5340.

A replay will be available until June 10, 2023, on the fund's website or by dialling:

• 1-800-319-6413 or 604-638-9010 and enter the access code: 9986 followed by the pound key sign.

About Boston Pizza Royalties Income Fund

The fund is a limited-purpose open-ended trust with an excellent record for investors since its initial public offering in 2002. Including the March, 2023, distribution, which is payable on April 28, 2023, the fund will have paid out 243 monthly distributions and two special distributions totalling $402.2-million or $25.06 per unit. The fund earns revenue based on the franchise system sales of the 377 Boston Pizza restaurants in the fund's royalty pool.

BPI is Canada's No. 1 casual dining brand. The Boston Pizza brand has served communities from coast-to-coast for 59 years since opening its first restaurant in Edmonton, Alta., in 1964. Today, Boston Pizza proudly remains a Canadian company with its hundreds of local franchise owners operating more dining rooms, sports bars and patios than any other single brand in the country, along with takeout and delivery. BPI has been recognized both as a Franchisees' Choice Designation winner and a platinum member of Canada's 50 Best Managed Companies for many years.