Mr. Michael Harbinson reports

BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2023 FOURTH QUARTER RESULTS ON FEBRUARY 14TH

Boston Pizza Royalties Income Fund and Boston Pizza International Inc. (BPI) will issue 2023 fourth quarter results via news release and on the fund's website on the morning of Feb. 14, 2024.

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 fourth quarter which ended on Dec. 31, 2023. The call will take place on Wednesday, Feb. 14, 2024, 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 March 14, 2024, on the fund's website or by dialling:

• 1-800-319-6413 or 604-638-9010 and enter the access code: 0650 followed by the pound sign.

About Boston Pizza Royalties Income Fund

The fund is a limited purpose open ended trust with an excellent record for investors since its IPO (initial public offering) in 2002. Including the December, 2023, distribution which is payable on Jan. 31, 2024, the fund will have paid out 252 monthly distributions and two special distributions totalling $422.8-million or $26.02 per unit. The fund earns revenue based on the franchise system sales of the 372 Boston Pizza restaurants in the fund's royalty pool.

Boston Pizza International Inc. (BPI) is Canada's No. 1 casual dining brand. The Boston Pizza brand has served communities from coast to coast for 60 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.