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Sabine Royalty Trust Declares Monthly Cash Distribution for August
 
    DALLAS, Aug. 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
$0.27487 per unit, payable on August 29, 2003, to unit holders of record on
August 15, 2003.
    Due to the timing of the end of the month of July, approximately $830,000
of revenue received will be posted in the following month of August in
addition to normal receipts during August.
    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
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