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Sabine Royalty Trust Declares Monthly Cash Distribution for June

    DALLAS, June 4 /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
$0.29147 per unit, payable on June 30, 2003, to unit holders of record on
June 16, 2003.
    Due to the timing of the end of the month of May, approximately $1,900,000
of revenue received will be posted in the following month of June in addition
to normal receipts during June.
    For more information on Sabine Royalty Trust, please visit our website at
http://www.sbr-sabineroyalty.com .


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