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Sabine Royalty Trust Declares Monthly Cash Distribution for February

    DALLAS, Feb. 5 /PRNewswire-FirstCall/ -- Bank of America, N.A., Dallas,
Texas, as Trustee of the Sabine Royalty Trust (NYSE: SBR), today declared a
cash distribution to the holders of its units of beneficial interest of
$0.16437 per unit, payable on February 28, 2003, to unit holders of record on
February 18, 2003.
    Due to the timing of the end of the month of January, approximately
$1,200,000 of revenue will be posted in the following month of February in
addition to normal receipts during February.


SOURCE Sabine Royalty Trust




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    CONTACT:
    Ron E. Hooper, Senior Vice President of Bank
    of America, N.A., +1-800-365-6541, for Sabine Royalty Trust