Press Releases

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

TORONTO, Feb. 24 /CNW/ - (TSX: MEW.UN): Menu Foods Income Fund (the "Fund") announced today that the breakdown of taxable income and return of capital relating to cash distributions paid during the 224 day period ended December 31, 2002 is 34.56% return of capital, 42.65% dividend income and 22.79% other taxable income.

Menu is a leading North American manufacturer of private-label wet pet food products, selling its products to supermarket retailers, mass merchandisers, pet specialty retailers and other retail and wholesale outlets. Menu currently produces more than 800 million containers of wet pet food per year and is focused on the manufacture and sale of premium private-label wet pet food products.

For further information: please contact: Mark Wiens, Chief Financial Officer, Menu Foods GenPar Limited, (905) 826-3870