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Boston Pizza International Adds 12 New Restaurants Opened in 2013 to the Royalty Pool of Boston Pizza Royalties Income Fund

January 02, 2014

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA INTERNATIONAL ADDS 12 NEW RESTAURANTS OPENED IN 2013
TO THE ROYALTY POOL OF BOSTON PIZZA ROYALTIES INCOME FUND

VANCOUVER, BC, JANUARY 2, 2014 - Boston Pizza Royalties Income Fund (the “Fund”) (TSX: BPF.UN) and Boston Pizza International Inc. (“BPI”) announced today that effective January 1, 2014, the Fund’s royalty pool (the “Royalty Pool”) has been adjusted to include the royalties from 12 new full service restaurants opened across Canada between January 1, 2013 and December 31, 2013 (the “Period”).  Two full service restaurants were permanently closed during the Period.  This is the twelfth consecutive annual increase of royalties payable to the Fund.  With the adjustment for these openings and closures during 2013, the Royalty Pool now includes 358 Boston Pizza restaurants.

The Fund indirectly owns the Boston Pizza trademarks and trade names used by BPI in its Boston Pizza restaurants in Canada.  In 2002, the Fund licensed these trademarks to BPI for 99 years and in return BPI pays the Fund a top line royalty of 4% of franchise revenues of Royalty Pool restaurants. Annually, the Royalty Pool of Boston Pizza restaurants is adjusted to include the new Boston Pizza restaurants opened in the prior year net of any permanent closures.

“We are very pleased with the 12 new Boston Pizza restaurants opened in 2013, including six in Western Canada, four in Ontario and two in Quebec. These new locations further strengthen our position as Canada’s number one casual dining brand.” said Mark Pacinda, President and Chief Executive Officer of BPI. “Since the inception of the Fund, the Royalty Pool has added more than 200 new Boston Pizza restaurants, growing from 154 in 2002 to 358 locations across the country today.”

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