Press Release Details

For Immediate Release                                                                           Toronto Stock Exchange: BPF.UN

BOSTON PIZZA ROYALTIES INCOME FUND AND BOSTON PIZZA INTERNATIONAL INC. ANNOUNCE FOURTH QUARTER RESULTS AND JANUARY DISTRIBUTION TO UNITHOLDERS

Fund's royalty income rises 10.7% on franchise sales of $646.3 million in 2008

VANCOUVER, BC, (February 9, 2009) - Boston Pizza Royalties Income Fund (the "Fund") and Boston Pizza International Inc. ("BPI") each reported today financial results for the period of October 1, 2008 to December 31, 2008 (the "Period") and the full year results from January 1, 2008 to December 31, 2008 (the "Year"). A copy of the management's discussion and analysis and financial statements of the Fund and BPI for the Period and the Year are available at http://www.sedar.com/ and http://www.bpincomefund.com/. The Fund will host a conference call to discuss the results on February 9, 2009 at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time). The call can be accessed by dialling 1-800-319-4610 or 604-638-5340. A replay will be available until February 16, 2008 by dialling 1-800-319-6413 or 604-638-9010 and entering the pin code: 4452 followed by # sign.

Same Store Sales Growth ("SSSG"), the key driver of yield growth for individual Unitholders of the Fund, was 0.1% for the Period and 0.7% for the Year compared to the same periods one year ago.  Franchise sales of restaurants in the royalty pool increased 10.5% for the Period and 10.7% for the Year versus 2007.  This growth was achieved mainly through the addition of 34 new restaurants to the royalty pool on January 1, 2008.