Toronto, Ontario, January 22, 2016 – Pizza Pizza Royalty Corp. (TSX: PZA) today announced its monthly cash dividend of $0.0697 per share for January 2016.

The dividend will be payable to shareholders of record at the close of business on January 29, 2016 and will be paid on February 15, 2016.

For tax purposes, the 2016 dividend will be considered a taxable eligible dividend.

For further information:

Christine D’Sylva, Vice President of Finance and Investor Relations

(416) 967-1010 x393

cdsylva@pizzapizza.ca

phx2uat.pizzapizza.ca and www.pizza73.com or www.sedar.com.

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