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Boston Pizza Royalties Income Fund Announces October 2002 Distribution

November 08, 2002

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

Boston Pizza Royalties Income Fund Announces October, 2002 Distribution

VANCOUVER, BC, NOVEMBER 8, 2002 - Boston Pizza Royalties Income Fund (the "Fund") (TSX: BPF.UN) announced today a cash distribution of $0.0833 per unit for period from October 1, 2002 to October 30, 2002. The distribution will be paid to unitholders of record at the close of business on November 21, 2002 and will be payable on or before November 29, 2002.

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 trade marks 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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