A&W Revenue Royalties Income Fund

Press Releases

A&W Revenue Royalties Income Fund Announces July Cash Distribution

    VANCOUVER, July 2 /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 June 1 to June 30, 2008. The distribution will be paid to
unitholders of record at the close of business on July 15, 2008, and will be
payable on July 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. In addition, Food Services paid a dividend in the amount of
$3,000,000 to its shareholders. These dividends were paid out of Food
Services' available working capital. Food Services is a privately held

    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 676 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