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Pizza Pizza Royalty Corp Announces September Dividend Wednesday, September 21st, 2016

Toronto, Ontario, September 21, 2016 – Pizza Pizza Royalty Corp. (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for September 2016.

The dividend will be payable to shareholders of record at the close of business on September 30, 2016, and will be paid on October 14, 2016.

For tax purposes, the 2016 dividend will be considered a taxable eligible dividend.

For further information:

Christine D’Sylva, Vice President of Finance and Investor Relations, Pizza Pizza Royalty Corp.

(416) 967-1010 x393 cdsylva@pizzapizza.ca

www.pizzapizza.ca and www.pizza73.com or www.sedar.com.