Press Releases

/Not for release over U.S. Newswire services./

TORONTO, Nov. 14 /CNW/ - (TSX: MEW.UN): Menu Foods Income Fund (the "Fund") announced today its third quarter and year-to-date results for the period ended October 5, 2002. A conference call to review those results will take place on Friday, November 15, 2002 at 8:30 a.m. EST (Toronto time). The local number to use for this call is 416-695-5806 and the toll free number is 1-800-273-9672. The conference call will be chaired by Serge Darkazanli, Menu's President and Chief Executive Officer. Serge will be joined on the call by Paul Henderson, Menu's Chief Operating Officer and Mark Wiens, Menu's Chief Financial Officer.

For anyone unable to listen to the scheduled call, the local rebroadcast number will be 416-695-5800 and the toll free number will be 1-800-408-3053, with the passcode number 1302254. The rebroadcast will be available until November 29, 2002.

Report to Unitholders

The Fund, launched on May 22, 2002, is the 50.8% owner of Menu Foods Limited, the leading manufacturer of private-label wet pet food in North America. The Fund's results include those of Menu Foods Limited, its subsidiaries and affiliated companies and the partnerships which conduct our day-to-day business.

The accompanying consolidated financial statements report on the 39 day period from May 22, 2002 to June 29, 2002 and the following 14 week quarter (the third quarter of 2002) ended October 5, 2002. The year-to-date results are for the 137 day period from May 22, 2002 to October 5, 2002. The table below reports selected highlights of those results.

Click Here to veiw the detailed report.