Second Cup Royalty Income Fund announces change of Chief Financial Officer



    MISSISSAUGA, ON, Oct. 24 /CNW/ - SECOND CUP ROYALTY INCOME FUND (the
"Fund") (SCU.UN) announced that Stephen Devito resigned from his position as
Chief Financial Officer of the Fund, Secretary and Chief Financial Officer of
Second Cup GP Inc. ("GP Inc."), and Chief Financial Officer of The Second Cup
Ltd. ("Second Cup"). Mr. Devito will remain with the Fund, GP Inc. and Second
Cup until November 7, 2008. The Fund is pleased to announce that, effective
October 24, 2008, James Anas, Executive Vice Chairman of The Second Cup Coffee
Company Inc. and Director of GP Inc., has been appointed as the interim Chief
Financial Officer of the Fund and Second Cup, and Secretary and Chief
Financial Officer of GP Inc.
    "During his tenure with us, Stephen put his strong skills to great use
and accomplished much with Second Cup," commented Gabriel Tsampalieros,
Chairman and Chief Executive Officer of Second Cup, "I would like to thank
Stephen for his many contributions to Second Cup, its colleagues and franchise
partners, and wish him all the best in his future endeavours."
    The Fund is an open-ended trust established under the laws of the
Province of Ontario. It holds, through an indirect wholly-owned limited
partnership, the Canadian trade-marks and other intellectual property and
associated rights used by Second Cup in connection with the operation of
Second Cup cafés in Canada. For more information on the Second Cup Royalty
Income Fund please visit www.secondcupincomefund.com.

    Second Cup is Canada's largest specialty coffee café franchisor and
second largest retailer of specialty coffee, as measured by number of cafés.
For further information on Second Cup, please visit www.secondcup.com.

    %SEDAR: 00021352E




For further information:

For further information: James Anas, Chief Financial Officer, (905)
362-1833, investor@secondcup.com, www.secondcupincomefund.com

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SECOND CUP INCOME FUND

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