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Boston Pizza Royalties Income Fund Announces 3rd Quarter Results Conference Call

November 20, 2002

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

Boston Pizza Royalties Income Fund Announces 3rd Quarter Results Conference Call

VANCOUVER, BC, NOVEMBER 20, 2002 - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today that it will host a conference call at 8:00am PST (11:00am EST) on Friday November 29, 2002 to review third quarter financial results released on November 15, 2002. Investors and analysts are invited to call 1-800-446-4472, to participate in the call. A full replay of the call will be available by calling 1-888-509-0082 until December 22, 2002. A copy of the interim financial statements, with management discussion and analysis, is available at www.sedar.com.

The Fund is also pleased to announce that Boston Pizza International Inc. ("BPI") has appointed Mr. Robert Groom to the position of Director of Investor Relations. Mr. Groom has been with BPI for five years, and has a Masters of Business Administration. In this position, Mr. Groom will be acting as the investor relations contact on behalf of the Fund.

The Fund is a limited purpose, open-ended trust established under the laws of British Columbia to acquire indirectly certain trade marks and trade names used by Boston Pizza International Inc. ("BPI") in its Boston Pizza restaurants in Canada. The trademarks are licensed to BPI for 99 years for which BPI pays the Fund 4% of franchise revenues of its 154 Boston Pizza restaurants in Canada as at April 30, 2002.

BPI continues to operate the Boston Pizza franchise system and to develop new Boston Pizza restaurants in Canada and has opened eight new restaurants since April 30, 2002. The royalty paid to the Fund will be adjusted annually to include the franchise revenues of the new Boston Pizza restaurants opened prior to November 1 of each year. BPI currently has 162 restaurants in Canada.

FOR FURTHER INFORMATION PLEASE CONTACT:
Michael Cordoba
Director, Boston Pizza GP Inc.

FOR FURTHER INFORMATION PLEASE CONTACT:

Boston Pizza Royalties Income Fund
Jordan Holm - Vice President of Investor Relations
Tel: 604-303-6083

www.bpincomefund.com

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