A&W Revenue Royalties Income Fund

Press Releases

A&W Revenue Royalties Income Fund - Announces April Cash Distribution

    VANCOUVER, April 3 /CNW/ - A&W Revenue Royalties Income Fund (the Fund)
(TSX symbol AW.UN) today declared a cash distribution of 10 cents per trust
unit for the period March 1 to March 31, 2007. The distribution will be paid
to unitholders of record at the close of business on April 15, 2007, and will
be payable on April 30, 2007. For tax purposes 8.958 cents per unit of this
distribution will be other taxable income and 1.042 cents per unit will be
non-eligible dividends.
    On April 30, 2007 A&W Trade Marks Inc. (Trade Marks), the Fund's
subsidiary, will pay the equivalent of 10 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, investorrelations@aw.ca; www.awincomefund.ca