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Pizza Pizza Royalty Corp Announces March Dividend Monday, March 20th, 2017

Toronto, Ontario, March 20, 2017 – Pizza Pizza Royalty Corp. (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for March 2017.

The dividend will be payable to shareholders of record at the close of business on March 31, 2017, and will be paid on April 13, 2017.

For tax purposes, the 2017 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.