Boston Pizza Royalties Income Fund

Boston Pizza Royalties Income Fund

March 10, 2005 19:28 ET

Boston Pizza Royalties Income Fund Announces February, 2005 Distribution


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: BOSTON PIZZA ROYALTIES INCOME FUND

TSX SYMBOL: BPF.UN

MARCH 10, 2005 - 19:28 ET

Boston Pizza Royalties Income Fund Announces February,
2005 Distribution

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - March 10, 2005) - Boston
Pizza Royalties Income Fund (the "Fund") (TSX:BPF.UN) announced today a
cash distribution of $0.0967 per unit for the period from February 1,
2005 to February 28, 2005. The distribution will be paid to unitholders
of record at the close of business on February 21, 2005 and will be
payable on March 31, 2005.

Same Store Sales Growth for the period January 1, 2005 through January
31, 2005 was 3.7%, compared to the same period last year.

Royalties 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. Since November 1, 2004, three new restaurants
have opened, bringing the total number of restaurants open in Canada as
of March 10, 2005 to 198.

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
195 Boston Pizza restaurants in Canada as at November 1, 2004.

The trustees of the Fund have approved the contents of this news release.

® Boston Pizza Royalties Limited Partnership. All Boston Pizza
registered Canadian trade-marks and unregistered Canadian trade-marks
containing the words "Boston", "BP", and/or "Pizza" are trade-marks
owned by the Boston Pizza Royalties Limited Partnership and licensed by
the Boston Pizza Royalties Limited Partnership to Boston Pizza
International Inc.

(C) Boston Pizza International Inc. 2005

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