Mr. Michael Harbinson reports

BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. TO ANNOUNCE 2024 FIRST QUARTER RESULTS ON MAY 10TH

Boston Pizza Royalties Income Fund and Boston Pizza International Inc. (BPI) will issue 2024 first quarter results via news release and on the fund's website on the morning of May 10, 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 first quarter which ended on March 31, 2024. The call will take place on Friday, May 10, 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 ten minutes prior to the commencement of the call:

• 1-844-763-8274 or 1-647-484-8814.

A replay will be available until June 10, 2024, on the fund's website or by dialling:

• 1-855-669-9658 or 1-604-674-8052;
• And enter the access code: 0804 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 initial public offering in 2002. Including the March, 2024, distribution, which is payable on April 30, 2024, the fund will have paid out 255 monthly distributions and two special distributions totalling $430.0-million or $26.36 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. 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.