Toronto, Ontario, February 16, 2023 – Pizza Pizza Royalty Corp. (the “Company”) (TSX: PZA) today announced its monthly cash dividend of $0.07 per share for February 2023.

The dividend will be payable to shareholders of record at the close of business February 28, 2023, and will be paid on March 15, 2023.

For tax purposes, the 2023 dividend will be considered a taxable eligible dividend.

For further information:

Christine D’Sylva, Chief Financial Officer, Pizza Pizza Royalty Corp.

(416) 967-1010 x 393

Alexander Sewrattan, Director of Finance, Pizza Pizza Royalty Corp.

(416) 967-1010 x 415 and or

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