A&W Revenue Royalties Income Fund

Press Releases

A&W Revenue Royalties Income Fund Announces August Cash Distribution

    VANCOUVER, July 27 /CNW/ - A&W Revenue Royalties Income Fund (the Fund)
(TSX symbol AW.UN) today declared a cash distribution of 10.3 cents per trust
unit for the period July 1 to July 31, 2007. The distribution will be paid to
unitholders of record at the close of business on August 15, 2007, and will be
payable on August 31, 2007. For tax purposes 8.958 cents per unit of this
distribution will be other taxable income and 1.342 cents per unit will be
non-eligible dividends.
    On August 31, 2007 A&W Trade Marks Inc. (Trade Marks), the Fund's
subsidiary, will pay the equivalent of 10.3 cents per share in dividends to
A&W Food Services of Canada Inc. (Food Services) on its investment in Trade
Marks.

    Launched on February 15, 2002, the Fund, through its investment in Trade
Marks, is entitled to receive royalties from Food Services in the amount of 3%
of the sales of the 660 A&W restaurants in the Royalty Pool. Cash
distributions are paid monthly. A&W is the second largest quick-service
hamburger restaurant chain in Canada by number of restaurants. Operating
coast-to-coast, A&W restaurants feature famous trade-marked menu items such as
The Burger Family, Chubby Chicken and A&W Root Beer.


    %SEDAR: 00017286E



For further information:
For further information: Don Leslie, Chief Financial Officer, (604)
988-2141, Email: investorrelations@aw.ca, www.awincomefund.ca