Toronto, Ontario, November 15, 2022 – Pizza Pizza Royalty Corp. (the “Company”) (TSX: PZA) today announced its monthly cash dividend of $0.07 per share for November 2022.

The dividend will be payable to shareholders of record at the close of business November 30, 2022, and will be paid on December 15, 2022.

For tax purposes, the 2022 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 cdsylva@pizzapizza.ca

Alexander Sewrattan, Director of Finance, Pizza Pizza Royalty Corp.
(416) 967-1010 x 415 asewrattan@pizzapizza.ca

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

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