A&W Revenue Royalties Income Fund

Press Releases

A&W Revenue Royalties Income Fund Announces January Cash Distribution

    VANCOUVER, Dec. 17 /CNW/ - A&W Revenue Royalties Income Fund (the Fund)
(TSX symbol AW.UN) today declared a cash distribution of 10.6 cents per trust
unit for the period December 1 to December 31, 2007. The distribution will be
paid to unitholders of record at the close of business on December 31, 2007,
and will be payable on January 31, 2008. For tax purposes 8.958 cents per unit
of this distribution will be other taxable income and 1.642 cents per unit
will be non-eligible dividends.
    A&W Food Services of Canada Inc. (Food Services) will also receive
10.6 cents per share from A&W Trade Marks Inc. (Trade Marks) 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