Press Releases

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

TORONTO, Feb. 12 /CNW/ - (TSX: MEW.UN): Menu Foods Income Fund (the "Fund") announced today its fourth quarter and period-to-date results for the period ended December 31, 2002. A conference call to review those results will take place on Thursday, February 13, 2003 at 8:30 a.m. EST (Toronto time). The conference call will be chaired by Serge Darkazanli, Menu's Chairman, 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.

To access the conference call in real time, please call 416-640-1907 or 1-800-814-4857. The replay will be available from approximately one hour after the end of the conference call to until February 27, 2003 by dialing 416-640-1917 or 1-877-289-8525, using passcode 236175#. A live audio webcast of the conference call is also available; it can be accessed by entering www.newswire.ca on an Internet browser. A replay of the webcast will be available for 90 days, it can be accessed by entering www.newswire.ca on an Internet browser.

The Fund also announced an increase in its distribution from 9.79 cents to 10.50 cents per unit for the month of February 2003, payable on or before March 17, 2003 to unitholders of record on February 28, 2003. This represents a 12.60% yield on the initial public offering price of $10.00 per unit. The Fund's policy is for unitholders of record on the last business day of a calendar month to receive distributions during the thirty days following the end of such month. Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.

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