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Pizza Pizza Royalty Corp Announces  February Dividend and Timing of Fourth Quarter Results Wednesday, February 20th, 2019

Toronto, Ontario, February 20, 2019 – Pizza Pizza Royalty Corp. (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for February 2019.

The dividend will be payable to shareholders of record at the close of business on February 28, 2019, and will be paid on March 15, 2019.

For tax purposes, the 2019 dividend will be considered a taxable eligible dividend.

The Company also announced that its financial results for the fourth quarter and year ended December 30, 2018 will be issued after markets close on Friday, March 1, 2019.

The Company invites analysts and portfolio managers to participate in a conference call with Paul Goddard, Chief Executive Officer and Curt Feltner, Chief Financial Officer. The call will take place on Friday, March 1, 2019 at 5:00 p.m. Shareholders and media are invited to listen to the call.

Details of the Conference Call:

Date:                                        March 1, 2019

Time:                                        5:00 p.m. ET
Call-in number:                          647-427-7451 / 1-888-231-8191

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.