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Boston Pizza Opens 34 New Restaurants in 2007, Increasing Total Royalty Pool Stores to 300

January 02, 2008

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA OPENS 34 NEW RESTAURANTS IN 2007, INCREASING THE TOTAL ROYALTY POOL STORES TO 300 FOR THE BOSTON PIZZA ROYALTIES INCOME FUND

VANCOUVER, BC, JANUARY 2, 2008 - Boston Pizza Royalties Income Fund (the “Fund”) (TSX: BPF.UN) and Boston Pizza International Inc. (“BPI”) announced today that effective January 1, 2008, the number of Boston Pizza restaurants included in the Fund’s royalty pool (the “Royalty Pool”) has been increased to include the royalties from 34 new full-service restaurants opened across Canada between January 1, 2007 and December 31, 2007 (the “Period”).  No restaurants were closed during the Period.  With the addition of these 34 new restaurants, royalties are now payable to the Fund from 300 Boston Pizza restaurants.  As outlined in the Fund’s annual information form, BPI is no longer obligated to pay the make-whole payment (which is a payment to the Fund which would be made in the event of a closure of a restaurant that was part of the Royalty Pool) or maintain a 20% minimum retained interest in the Fund following the addition of the 275th location to the Royalty Pool.

 

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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