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Pizza Pizza Royalty Corp. Announces April Dividend Thursday, April 19th, 2018

Toronto, Ontario, April 19, 2018 – Pizza Pizza Royalty Corp. (the “Company”) (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for April 2018.

The dividend will be payable to shareholders of record at the close of business on April 30, 2018, and will be paid on May 15, 2018.

For tax purposes, the 2018 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.